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Defence Profits Soar At Farnborough Airshow

This year's Farnborough International Airshow has been hugely successful within the defence sector, with a big increase in orders.

This year's Farnborough International Airshow has been hugely successful within the defence sector, with a big increase in orders.

It has seen $192 billion of deals done and orders placed. 

According to organisers, there has been an increase of $67.5 billion compared to the last show in 2016.

Days before the show opens to the public, it attracts around 100,000 trade visitors from 100 countries, where the primary focus is on networking and deals.

Many of those deals would have been in the defence sector, and coming just 37 weeks before Brexit, industry professionals have said it shows confidence in the British defence manufacturing sector, despite Brexit uncertainties. 

Farnborough Air Show

Charles Woodburn, Chief Executive at BAE Systems said: "This is something we're very good at in the UK - I'd say we absolutely punch above our weight.

"85% of defence exports come from the air sector.

"We employ tens of thousands both within BAE, through the supply chain within the sector and we do very well in it.

"We want to make sure we have a strong future." 

Farnborough Air Show

As well as the increase in expenditure, the event also saw a higher military presence than the year before.

There were 30% more military delegations with the number standing at 133. 

Over the weekend the airshow was also open to the public with thousands in attendance.

Farnborough Air Show

Many watched the array of flying displays, which included a Spitfire, Hurricane and Lancaster from the Battle of Britain Memorial Flight.

Spitfire, Hurrican and Lancaster
US F16
A display from a daring US F16 also made an appearance.
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