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United Kingdom Defence and Security Report 2015

United Kingdom Defence and Security Report 2015

BMI view: We expect the UK's defence budget to continue increasing in absolute terms in the next fiveyears. This will be driven by the government's commitment to compensate the reduction in personnelforeseen in the 'Army 2020' strategy with an armed force equipped with the latest and highest qualityequipment. As the UK will continue to rely on imports for a large share of the equipment and capabilities itsupplies to its troops, we believe opportunities for both national and international companies will continueto emerge. However, constraints on the defence budget, as the country continues its road towards recovery,may place some restrictions on the development of the country's defence market.

The Strategic Defence and Security Review (SDSR) that was published by the UK government in 2010foresaw significant reductions in the defence budget for the following years and suggested that these besupported by a reduction in the number of personnel in three branches of the country's armed forces, that is,the Airforce, the Navy and the Army. Within this context, the 'Army 2020' strategy was elaborated, whichforesaw a reduction in the armed forces personnel to 82,000 while increasing the number of reserves to30,000. The planned reductions, the strategy continues, will have to be compensated by providing bettertraining to the reserves and, most importantly, by ensuring that the armed forces are equipped with the mostup-to-date equipment and capabilities.


BMI Industry View
SWOT
Political
Economic
Operational Risk
Industry Forecast
Defence Expenditure
Table: Defence Expenditure (United Kingdom 2012-2019)
Table: Defence Expenditure Scenario - Changing % Of GDP (United Kingdom 2012-2019)
Armed Forces
Table: Armed Forces Personnel (United Kingdom 2005-2012)
Defence Trade
Table: Defence Trade Balance (United Kingdom 2012-2019)
Exports
Table: Defence Exports (United Kingdom 2012-2019)
Imports
Table: Defence Imports (United Kingdom 2012-2019)
Macroeconomic Forecasts
Economic Analysis
Households Need Wage Growth To Maintain Pace
Still Awaiting The Fixed Investment Recovery
Table: GDP By Expenditure (United Kingdom 2012-2019)
Industry Risk Reward Ratings
United Kingdom Defence Risk Reward Index
Table: Europe Defence Risk Index
Rewards
Risks
Market Overview
United Kingdom Defence Market Overview
Table: Deployments
Domestic Defence Sector
Domestic Market
United Kingdom Security Overview
Domestic Threats
Regional Threats
International Threats
Weapons of Mass Destruction
Company Profile
BAE Systems
GKN
QinetiQ
Rolls Royce
Regional Overview
Europe Security Overview
Global Industry Overview
Political Risk Analysis
Methodology
Sector-Specific Methodology
Table: Defence Risk Reward Index Indicators
Weighting
Table: Weighting of Defence Risk Reward Index

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