Defence Minister Jean-Yves Lodrian said on Monday that French arms sales increased by 42 per cent or €6.7 billion in 2013 compared to 2012 and are expected to exceed seven billion Euros this year. Lodrian was speaking during the opening of the Eurosatory 2014 arms fair in the Paris suburb of Villepinte.
France recorded a strong comeback in the Middle East market, said Lodrian. The region is responsible for generating 40 per cent of France’s total exports and it has also increased its presence in the Asia and Latin America markets.
In 2013, France’s biggest contract was an agreement to renew the Saudi Arabian navy’s fleet of ships, worth €500 million; a contract to sell a communication satellite to Brazil is worth €300 million.
Source: MEMO