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The Bottom Line

Dealing in Defence

The Bottom Line

BBC

Personal Journals, Business, Society & Culture

4.6615 Ratings

🗓️ 20 October 2022

⏱️ 29 minutes

🧾️ Download transcript

Summary

Evan Davis looks at the UK's defence industry to find out how it is responding to the war in Ukraine and whether socially conscious investors are beginning to change their minds about the sector.

Guests: Dean Rosenfield, Head of Saab UK Kevin McNamee, CEO of Denroy Group Ltd Kevin Craven, CEO of ADS Group

Presenter: Evan Davis Production Coordinators: Siobhan Reed & Helena Warwick-Cross Producer: Julie Ball & Nick Holland Editor: Tara McDermott

Transcript

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0:00.0

BBC Sounds, Music, Radio, Podcasts.

0:05.0

Hello, I'm Danny Robbins, host of the spooky podcast Uncanny and the Battersea Poultergeist, just before you settle down for your usual podcast. Maybe you're out walking or maybe you're at home. But you alone are you sure because this is a

0:25.5

warning something wicked this way comes my brand new podcast series the witch

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0:40.1

Listen out for the witch farm, the true story, a Britain's most haunted house.

0:51.7

Hello and welcome to the programme.

1:12.1

Now these are interesting times for the defence industry. The war in Ukraine has prompted a rethink here and elsewhere about the need to invest in armed force, potential good news for the industry. And the idea that it's not an ethical business, one that the socially conscious investors should run away from, well, that has begun to be questioned too. If weapons help Ukraine,

1:17.7

are they always bad things? Well, defence is a sector that has always been interesting,

1:23.3

so reliant as it is, on government, demand for its wares, coming in cycles reflecting cold wars

1:30.1

and hot, often an industry using the most sophisticated tech, perhaps too sophisticated sometimes

1:36.4

to be delivered on time and budget. So we thought today we would take a look at what's going

1:41.2

on in this interesting industry. And to help us, I'm joined by three

1:45.5

guests involved in defence. So let me introduce them one by one. First is Dean Rosenfield,

1:52.7

head of Saab UK. Also, it's global marketing director. Now, Dean, many people will think Saab. It's a

1:59.8

carmaker. Just tell us about the defence business, because it's actually quite a significant one.

2:04.2

Well, we're a 19,000 strong global defence and security company.

2:09.0

We're established in 1937, chiefly around building an Air Force for Sweden.

2:14.9

But since that time, we've been expanding globally to now where we sell to over

2:19.0

100 countries and we're resident in 35, and obviously the UK being one of those. Right. You make some

2:25.6

products that people might have heard of, Enlaw, for example. So this is the thing that we have been

2:31.7

giving to Ukraine. The British have given some stocks of that to Ukraine.

2:35.3

Tell us what it is and how long it takes to make one.

...

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