“The government’s commitment to spend the NATO-recommended 2% of GDP on the defence sector until 2020 has allowed the industry to plan its operations going forward. However, the western world’s growing tension with Russia, the global threat of terrorism, and emerging cyber security dangers provide a reminder of the changeable nature of conflict and that all those involved in operations must remain vigilant, flexible, and prepared to enter conflicts when required.”
– Lewis Cone, B2B Analyst
This report will explore the following key issues regarding the defence equipment industry in the UK:
What are the key determinants driving the defence equipment industry? Was the market affected by the financial crisis and how has it recovered since? Has there been any structural changes as a consequence? How has the government influenced and shaped the development of the sector? What are the key issues the UK industry needs to address to maintain its global position in an ever-competitive market? How have companies adapted to cost pressures and the changing nature of threats? What does the future hold for the UK’s defence equipment industry?