What does UK’s accession to the Agreement on Defence Export Controls mean for defence companies

The UK is acceding to the Agreement on Defence Export Controls (the “Defence Agreement”), joining France, Germany and Spain (the “Contracting Parties”) in a multilateral framework designed to streamline export licensing for cross-border defence activities. The Defence Agreement provides more predictable rules aimed at reducing the risk of inconsistent export control licensing decisions, thus offering greater certainty for exporters in the UK, France, Germany and Spain and to their clients... By: Hogan Lovells