UK arms traders eye global weapons-sales boost thanks to tumbling post-Brexit pound
‘British arms firms hope a plunge in the value of the pound will make exports less expensive and attract business from Turkey and India, which are seeking to expand their own arms-making capabilities.
UK arms giants Rolls Royce and BAE Systems, as well as parts suppliers Senior Plc and Meggitt Plc, are hoping to cash in on cheap designs and components.
Meggitt CEO Stephen Young told Bloomberg the firm could benefit if the weak pound lifts foreign demand for British parts – particularly in places like India, which are looking to expand their own arms manufacturing.’
Read more: UK arms traders eye global weapons-sales boost thanks to tumbling post-Brexit pound
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