Cutting Defence Projects Would Be Counter-productive, Warns UK's DIC

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Cutting defence projects on financial grounds alone would be counter-productive, warned UK's Defence Industries Council on Tuesday.

Chairman of the DICl, Mike Turner said maintaining the investment in defence "Will not only provide skilled jobs it will also promote economic growth, it will also help to balance our economy and enhance our nation's defence against the growing threats."

The DIC also said such investment would provide a "path out of recession".

The sector currently employs over 300,000 and consists of 9,000 companies of all sizes across the country. It also had a turnover of around GBP 35 billion in 2008.

Cutting defence projects on financial grounds alone would be counter-productive, warned UK's Defence Industries Council on Tuesday. (Market News Provided by RTTNews)