EU defense contractors will no longer have an automatic right to bid on defense and security contracts after 29 March under a no-deal Brexit. But all this stuff is tit-for-tat, so we can expect the door to slam on UK firms' participation in EU procurement.
theyworkforyou.com/wrans/?id=2019…
Currently, we're the world's second largest defense exporter, and Europe's largest. But what will happen once we find our access to the EU market severely curtailed?
gov.uk/government/pub…
As for the £7 billion/year security market, half our exports currently go to Europe. Again, something that is likely to be dramatically affected once we're no longer on the inside for procurement contracts.
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