BAE looks to improvement in coming year after suffering drop in sales
The wider defence industry has seen governments reduce spending on arms in the
wake of financial crisis, but Mr King said this trend may now be ending, at
least in the US.
“We believe US budgets are now relatively stable, with some early indications
of a modest improvement in 2016,” the chief executive said.
Earlier this year President Barack Obama proposed an 8pc increase to the US
defence budget, but analysts expect the final increase to be closer to 2pc
to 3pc.
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