France saw defence exports rise 17% in 2014, reaching EUR8.06 billion for the year, Laurent Collet-Billon, head of the French defence procurement agency (the DGA), stated.
Collet-Billon was presenting the DGA's annual figures, which also saw it spend EUR11.3 billion on French defence programmes in 2014 (making it the largest single public investor in the French economy). However the body will face major challenges due to budgetary restrictions in 2015.
The EUR8.06 billion export figure includes parts of the EUR3 billion package of arms for the Lebanese military signed late last year and financed by Saudi Arabia. As usual, weapon exportation remains a major contributor to France's revenues and the prerequisite for a good execution of the military planning law.
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