Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

U.K. May Resist European Union Measures to Reform Defense Market

The U.K. may balk at European Union efforts to impose new rules on the region’s defense equipment market to protect suppliers, Secretary of State for Defense Philip Hammond said.

A European Commission proposal put forward this summer represents “a significant potential expansion” of its role that may not be in the U.K. defense industry’s interest, Hammond said at the DSEi conference in London. Proposals not beneficial to companies, such as Europe’s largest defense company BAE Systems Plc, will be resisted, he said.

The European Union is looking to expand its involvement in defense industrial issues, traditionally left largely to member states, to maintain capabilities at a time many governments are cutting spending. Among the measures proposed include opening the internal market to greater competition.

“There is a tendency for proposals to come out of Brussels which talk about improving the competitiveness of European industry and what they really mean is imposing a dirigism on European industry,” Hammond said. The U.K. is not alone in resisting the EU push, he said.

One area the U.K. would resist would be an effort out of the European Union to centrally control how export markets are targeted. That is better left at national levels, he said.

An effort to force specialization of the defense industry across Europe also raises concerns, he said, as does the potential impact the EU’s push could have on British defense companies dealing with the Pentagon.

The European Union should push to create a larger, more competitive defense market, rather than looking for ways to narrow it, he said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.