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Industry

Spanish sales slip but outlook remains positive, says TEDAE

26 June 2019
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Sales of Spanish defence equipment fell by about 8% to EUR4.94 billion (USD5.61 billion) in 2018 following four years of growth, mainly as a result of slower deliveries of military transport aircraft, national industry association TEDAE announced on 25 June.

The decrease was also because of separating security sector sales from defence for the first time. When security, space, and civil aeronautics sales are considered, TEDAE members enjoyed a 5.5% sales increase to EUR11.83 billion.

Aviation accounted for almost two-thirds of defence sales, far ahead of land (19%) and naval (16%, boosted by Navantia's work on the Spanish S-80 submarine programme and new auxiliary oilers for Australia).

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