Table of Contents
Executive Summary
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- Market size
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- Figure 1: UK defence departmental expenditure limits and defence spending, 2009/10-2013/14
- Figure 2: MoD equipment expenditure, 2009/10-2013/14
- Market trends
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- Figure 3: Military holdings in the UK, Germany, Cyprus and Gibraltar within the scope of the Conventional Armed Forces in Europe Treaty, by equipment group, 2010 and 2014
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- Figure 4: Defence spending 2009 and 2013, world’s top six
- Market factors
- The Defence Industrial Policy still dictates the industry’s purchasing and investment decisions
- Monopolistic market for complex weapons restricts other entrants to the sector
- The Defence Growth Partnership is hoped to boost the sector’s growth potential
- The outcome and implementation of Strategic Defence and Security Review expenditure cuts has had the greatest impact upon defence activity and performance
- Companies
- Forecast
- Total Departmental Expenditure Limit followed SDSR guidelines from 2012/13, but economic growth and political agendas lead to an uncertain future
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- Figure 5: Defence budget, planned and revised, 2010/11-2015/16
- The next SDSR, due in 2015, is expected to follow a similar pattern to the last review, but the contents are subject to change depending on political and economic factors
- The UK’s position as the second largest defence equipment exporter in the world will come under increasing danger
- What we think
Introduction
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- Definitions
- Methodology
- Abbreviations
- Political
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- Figure 6: Trends in public sector total managed expenditure, 2004/05-2013/14
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- Figure 7: Trends in public sector total managed expenditure graph, 2004/05-2013/14
- Market positioning
UK Economy
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- Key points
- Overview
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- Figure 8: UK GDP, 2003-14 Q2
- Figure 9: Quarters after GDP peak, 1979, 1990 and 2008
- Inflation
- Interest rates
- House prices
- Consumer spending
- Manufacturing
- Business investment
Market Factors
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- Key points
- Strategic defence policy
- Royal Navy
- Royal Air Force
- Royal Navy
- RAF
- Defence policy
Market Size
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- Key points
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- Figure 10: The UK defence departmental expenditure limits and defence spending, 2009/10-2013/14
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- Figure 11: The UK defence departmental expenditure limits and defence spending graph, 2009/10-2013/14
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- Figure 12: The UK defence departmental capital expenditure limits, 2006/2007-2010/11
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- Figure 13: The UK defence departmental capital expenditure limits, 2011/12-2013/14
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- Figure 14: The UK defence departmental cash resource expenditure limits, 2011/12-2013/14
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- Figure 15: The UK defence departmental cash resource expenditure limits graph, 2011/12-2013/14
- Figure 16: The UK defence annually managed expenditure limits, 2009/10-2013/14
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- Figure 17: The UK defence annually managed expenditure limits graph, 2009/10-2013/14
- Figure 18: MoD equipment expenditure, 2009/2010-2013/14
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- Figure 19: MoD equipment expenditure graph, 2009/10-2013/14
- Figure 20: MoD Research and development expenditure outturn, 2007/2008-2011/12
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- Figure 21: UK defence expenditure by industry, 2008/09-2012/13
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- Figure 22: MoD major equipment projects, as at 31 March 2013
- PPP/PFI
- PFI
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- Figure 23: MoD PFI projects, 2013
Market Trends
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- Key points
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- Figure 24: Number of vessels in the Royal Navy and Royal Auxiliary Fleet, 2005-13
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- Figure 25: Number of vessels in the Royal Navy and Royal Auxiliary Fleet graph, 2005-13
- Figure 26: Aircraft fleets, by type of aircraft, for the Royal Navy Fleet Arm, 2005-13
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- Figure 27: Aircraft fleets for the Royal Navy Fleet Arm, by type of aircraft, 2005, 2009 and 2013
- Figure 28: Aircraft fleets for the Royal Air Force, by type of aircraft, 2005-13
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- Figure 29: Aircraft fleets in the Joint Helicopter Command and Joint Force Harrier, by type of aircraft, 2005-13
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- Figure 30: Aircraft fleets in the Joint Helicopter Command and Joint Force Harrier graph, by type of aircraft, 2005, 2009 and 2013
- Figure 31: Number of tanks and artillery holdings in the UK, Germany, Cyprus and Gibraltar within the scope of the Conventional Armed Forces in Europe Treaty, 2005-14
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- Figure 32: Number of tanks and artillery holdings in the UK, Germany, Cyprus and Gibraltar within the scope of the Conventional Armed Forces in Europe Treaty graph, 2005, 2008, 2011 and 2014
- Figure 33: Number of Armoured Combat Vehicle Holdings in the UK, Germany, Cyprus and Gibraltar within the scope of the Conventional Armed Forces in Europe Treaty, 2005-2014, (Number)
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- Figure 34: Aircraft holdings in the UK, Germany, Cyprus and Gibraltar within the scope of the Conventional Armed Forces in Europe Treaty, 2005-14
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- Figure 35: Military holdings in the UK, Germany, Cyprus and Gibraltar within the scope of the Conventional Armed Forces in Europe Treaty, by Equipment Group, 2010 and 2014
- Figure 36: Defence spending 2009 and 2013
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- Figure 37: Defence spending 2009 and 2013, world’s top six
Industry Structure
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- Key points
- Industry development
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- Figure 38: Analysis of the changes in the structure of the weapons and ammunition industry, 2010-2014,
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- Figure 39: Analysis of the changes in the structure of the air, spacecraft and related machinery industry, 2010-14
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- Figure 40: Analysis of the changes in the structure of the air, spacecraft and related machinery industry, 2010-14
- Figure 41: Analysis of the changes in the structure of the ship and floating structures industry, 2010-14
- Structure by employment
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- Figure 42: Analysis of the employment structure of the weapons and ammunition manufacturing industry, 2013 and 2014
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- Figure 43: Analysis of the employment structure of the weapons and ammunition manufacturing Industry graph, 2013 and 2014
- Figure 44: Analysis of the employment structure of the air, spacecraft and related machinery industry, 2013 and 2014
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- Figure 45: Analysis of the employment structure of the shipbuilding and repair Industry, 2013 and 2014
- Structure by turnover
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- Figure 46: Analysis of the financial structure of the weapons and ammunition manufacturing industry, 2013 and 2014
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- Figure 47: Analysis of the financial structure of the air, spacecraft and related machinery manufacturing industry, 2013 and 2014
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- Figure 48: Analysis of the financial structure of the air, spacecraft and related machinery manufacturing industry graph, 2013 and 2014
- Figure 49: Analysis of the financial structure of the shipbuilding and repair industry, 2013 and 2014
- Defence contracts
Company Profiles
AWE Management
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- Figure 50: Financial analysis of AWE Management, 2009-13
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BAE Systems
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- Figure 51: Financial analysis of BAE Systems, 2009-13
- BAE Systems’ Surface Ships
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- Figure 52: Financial analysis of BAE Systems’ Surface Ships, 2009-2013, (£ 000)
- BAE Systems (Operations)
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- Figure 53: Financial analysis of BAE Systems (Operations), 2009-13
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HP Enterprise Services Defence & Security UK
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- Figure 54: Financial analysis of HP Enterprise Services UK, 2009-13
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Netma
AgustaWestland
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- Figure 55: Financial Analysis of AgustaWestland, 2009-13
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Cobham
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- Figure 56: Financial analysis of Cobham, 2009-13
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QinetiQ
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- Figure 57: Financial analysis of QinetiQ, 2010-14
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Rolls-Royce
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- Figure 58: Financial analysis of Rolls-Royce, 2009-13
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- Figure 59: Profiled companies’ turnover, 2009-13
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Forecast
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- Key points
- Market size
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- Figure 60: Defence budget, 2010/11-2014/15
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- Figure 61: Revised defence budget, 2010/11-2015/16
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- Figure 62: Defence budget, planned and revised, 2010/11-2015/16
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- Figure 63: Post-Main Gate major equipment projects, 2013
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- Figure 64: Estimated payment under MoD PFI contracts, based on signed defence deals as of March 2013
- Industry
Further Sources and Contacts
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- Trade associations
- Trade magazines
- Trade exhibitions
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