UK is world’s biggest arms dealer

ukarms.jpgABC | Britain was the world’s biggest arms seller last year, accounting for a third of global arms exports, the Government’s trade promotion organisation said.

UK Trade and Investment (UKTI) said British arms exporters had added $20.1 billion in new business last year, giving them a larger share of global arms exports than the United States.

“As demonstrated by this outstanding export performance, the UK has a first-class defence industry, with some of the world’s most technologically sophisticated companies,” Minister for Trade and Investment Digby Jones said.

UKTI said the British figures were boosted by orders for Eurofighter Typhoon jets from Saudi Arabia, the world’s biggest arms buyer, which imported $32.8 billion in weapons over the last five years.

The United States still tops the world for the last five years with $66.7 billion in total arms exports.

Britain was second with $56.1 billion and Russia third with $35 billion, it said.