The 2022/23 statistics released last week detail the money spent by the Ministry of Defense, MOD with UK defense companies. The breadth of spending highlights the government’s commitment to continually improving the defense sector, while supporting the economy and creating hundreds of thousands of jobs across the country.
New figures published on Friday by the UK Trade and Investment Defense and Security Organization (UKTI DSO) show that UK defense exports totaled £8.8 billion over the past year, a rise of 62% from 2011 in a global market that grew by 45%. The results mean the UK maintains its position as the second most successful defense exporter after the United States.