£20m boost

[Hobosapien]

So although a British company won it, without having to have a trade agreement, ...

It shows that with globalisation countries don't need trade agreements. Just open a branch/subsidiary in each country you want to trade with. UK just needs to go all Amazon on the world, dealing in everything they want to trade. Sorted.

[Pat Phelan]

Good luck to them! Rates are crap down in South Street btw so don't go looking for a contract on the back of this.....

[scooterscot]

£20m boost? You should go into the shipbuilding industry.

Hope you're not working in banking IT.

[darmstadt]

Still a lot of money.

Gratis.

Of which the majority goes to Australia so I'm not quite too sure why May et. al. are bigging it up...

[Zigenare]

However it's not quite as big as the deal the French won to build 12 Shortfin Barracuda submarines from DCNS which is around (Aus)$50bn

Still a lot of money.

Gratis.

[darmstadt]

However it's not quite as big as the deal the French won to build 12 Shortfin Barracuda submarines from DCNS which is around $50bn

[Old Greg]

20 million? That's 10 hours' contribution to the EU.

[WTFH]

Yep.

It’s an Australian defence contract that went out for tender. BAE Australia won it.

Good business, but most of the value of that contract will stay within Australia.

You just don’t get the Brexit spin.
4,000 new jobs (in Australia) means fewer immigrants coming over here with their qualifications to work in the manufacturing industry, paying taxes, etc

[meridian]

So although a British company won it, without having to have a trade agreement, how much of that money will see it's way into the UK? I suspect that this contract is between BAE Australia and their government so probably not much of a boost to the UK really is it? Such as this:

https://www.baesystems.com/en-aus/ar...e-construction



I wouldn't jump for joy just yet...

Yep.

It’s an Australian defence contract that went out for tender. BAE Australia won it.

Good business, but most of the value of that contract will stay within Australia.

[darmstadt]

https://www.bbc.com/news/amp/business-44649959

British defence giant BAE Systems has won a multi-million pound contract from the Australian government to build nine new warships, marking a significant victory for British military exports.

BAE beat Italian and Spanish rivals to win a large slice of the £20bn spending programme.

The ships will be built in Australia, but are based on the Type 26 design BAE is building for the Royal Navy.

Theresa May said the deal was "an enormous boost" for the UK economy.

It is the first export of a British design for new-build frigates since the 1970s, the government said.

The prime minister said the deal reflected the government's strategy to "build on our close relationships with allies like Australia" as the UK prepares to leave the EU.

Get in!

So although a British company won it, without having to have a trade agreement, how much of that money will see it's way into the UK? I suspect that this contract is between BAE Australia and their government so probably not much of a boost to the UK really is it? Such as this:

https://www.baesystems.com/en-aus/ar...e-construction

"It’s vital for the future of our industry that government projects adopt an Australian-made focus, so we commend BAE Systems for prioritising local products and services and trust this focus will assist in its bid,"

I wouldn't jump for joy just yet...

[DimPrawn]

https://www.bbc.com/news/amp/business-44649959

British defence giant BAE Systems has won a multi-million pound contract from the Australian government to build nine new warships, marking a significant victory for British military exports.

BAE beat Italian and Spanish rivals to win a large slice of the £20bn spending programme.

The ships will be built in Australia, but are based on the Type 26 design BAE is building for the Royal Navy.

Theresa May said the deal was "an enormous boost" for the UK economy.

It is the first export of a British design for new-build frigates since the 1970s, the government said.

The prime minister said the deal reflected the government's strategy to "build on our close relationships with allies like Australia" as the UK prepares to leave the EU.

Get in!