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Britain signs £550 million weapons contract for F-35 jets

The logo of MBDA Missile Systems is seen at Euronaval, the world naval defence exhibition in Le Bourget near Paris

LONDON (Reuters) - Britain said on Wednesday that it signed a 550 million pound ($751 million) contract with European weapons-maker MBDA to manufacture surface-attack missiles for use on the country's F-35B fighter jets.

Britain said making the new missiles, known as SPEAR3, would enhance the UK's future combat air capability and support more than 700 jobs in the country.

MBDA is jointly owned by British defence company BAE Systems, European aerospace giant Airbus and Italy's Leonardo.

($1 = 0.7320 pounds)

(Reporting by Sarah Young, editing by Estelle Shirbon)

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The Repair and Maintenance market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider repair and maintenance market, and compares it with other markets. The market characteristics section of the report defines and explains the market.The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.Market segmentations break down market into sub markets.The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.The repair and maintenance market section of the report gives context. It compares the repair and maintenance market with other segments of the services market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, repair and maintenance indicators comparison. Major companies in the repair and maintenance market include Arnold Clark Automobiles Limited; Caterpillar; Apple Inc; Encompass Supply Chain Solutions Inc. and Asbury Automotive Group. The repair and maintenance market consists of sales of repair and maintenance services by entities (organizations, sole traders and partnerships) that provide repair and maintenance services for automotive, personal goods, electronics and other products but excluding aerospace and defense equipment. The repair and maintenance market is segmented into automotive repair and maintenance; commercial and industrial machinery and equipment repair and maintenance; electronic and precision equipment repair and maintenance; and personal goods repair and maintenance. Asia Pacific was the largest region in the global repair and maintenance market, accounting for 36% of the market in 2020. Western Europe was the second largest region accounting for 29% of the global repair and maintenance market. Africa was the smallest region in the global repair and maintenance market. Many personal services employers in Europe, especially in the UK are increasingly offering zero-hours contracts to deal with uncertain consumer demand. Zero-hours contracts also known as casual contracts enables companies to employ staff without giving work guarantee. Employees are given little notice before shifts, they are called to work whenever there is "piece work " or "contract work", they are generally not offered leaves and other employee benefits. These contracts are increasingly becoming popular owing to flexibility it offers to both employers and employees. For instance, according to the Office for National Statistics, UK, there was a 14% increase in zero-hours contracts from 2015 and 30% increase in zero hours contracts from 2016, a significant proportion of these employees are expected to be from the personal services industry which often employ free lancers on a non-contractual basis. Key Topics Covered: 1. Executive Summary 2. Report Structure 3. Repair and Maintenance Market Characteristics 3.1. Market Definition 3.2. Key Segmentation 4. Repair and Maintenance Market Product Analysis 4.1. Leading Products/ Services 4.2. Key Features and Differentiators 4.3. Development Products 5. Repair and Maintenance Market Supply Chain 5.1. Supply Chain 5.2. Distribution 5.3. End Customers 6. Repair and Maintenance Market Customer Information 6.1. Customer Preferences 6.2. End Use Market Size and Growth 7. Repair and Maintenance Market Trends and Strategies 8. Impact of COVID-19 on Repair and Maintenance 9. Repair and Maintenance Market Size and Growth 9.1. Market Size 9.2. Historic Market Growth, Value ($ Billion) 9.2.1. Drivers of the Market 9.2.2. Restraints on the Market 9.3. Forecast Market Growth, Value ($ Billion) 9.3.1. Drivers of the Market 9.3.2. Restraints on the Market 10. Repair and Maintenance Market Regional Analysis 10.1. Global Repair and Maintenance Market, 2020, by Region, Value ($ Billion) 10.2. Global Repair and Maintenance Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region 10.3. Global Repair and Maintenance Market, Growth and Market Share Comparison, by Region 11. Repair and Maintenance Market Segmentation 11.1. Global Repair and Maintenance Market, Segmentation by Type11.2. Global Repair and Maintenance Market, Segmentation by Mode12. Repair and Maintenance Market Segments 12.1. Global Automotive Repair and Maintenance Market, Segmentation by Type12.2. Global Commercial and Industrial Machinery and Equipment Repair and Maintenance Market, Segmentation by Type12.3. Global Electronic and Precision Equipment Repair and Maintenance Market, Segmentation by Type12.4. Global Personal Goods Repair and Maintenance Market, Segmentation by Type13. Repair and Maintenance Market Metrics 13.1. Repair and Maintenance Market Size, Percentage of GDP, 2015-2025, Global 13.2. Per Capita Average Repair and Maintenance Market Expenditure, 2015-2025, Global 14. Asia-Pacific Repair and Maintenance Market15. Western Europe Repair and Maintenance Market16. Eastern Europe Repair and Maintenance Market17. North America Repair and Maintenance Market18. South America Repair and Maintenance Market19. Middle East Repair and Maintenance Market20. Africa Repair and Maintenance Market21. Repair and Maintenance Market Competitive Landscape 21.1. Competitive Market Overview 21.2. Market Shares 21.3. Company Profiles 21.3.1. Arnold Clark Automobiles Limited 21.3.1.1. Company Overview 21.3.1.2. Products and Services 21.3.1.3. Strategy 21.3.1.4. Financial Performance 21.3.2. Caterpillar 21.3.2.1. Company Overview 21.3.2.2. Products and Services 21.3.2.3. Strategy 21.3.2.4. Financial Performance 21.3.3. Apple Inc 21.3.3.1. Company Overview 21.3.3.2. Products and Services 21.3.3.3. Strategy 21.3.3.4. Financial Performance 21.3.4. Encompass Supply Chain Solutions Inc. 21.3.4.1. Company Overview 21.3.4.2. Products and Services 21.3.4.3. Strategy 21.3.4.4. Financial Performance 21.3.5. Asbury Automotive Group 21.3.5.1. Company Overview 21.3.5.2. Products and Services 21.3.5.3. Strategy 21.3.5.4. Financial Performance 22. Key Mergers and Acquisitions in the Repair and Maintenance Market 23. Market Background: Services Market 23.1. Services Market Characteristics 23.2. Services Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F, Growth, by Segment, Value ($ Billion), Global 23.3. Global Services Market, 2020, by Region, Value ($ Billion) 23.4. Global Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region 23.5. Global Services Market, 2015-2020, 2020-2025F, 2030F, Segmentation by Type, Value ($ Billion) 24. Recommendations 24.1. Global Repair and Maintenance Market in 2025- Growth Countries 24.2. Global Repair and Maintenance Market in 2025- Growth Segments 24.3. Global Repair and Maintenance Market in 2025- Growth Strategies 25. Appendix 25.1. NAICS Definitions of Industry Covered in This Report 25.2. Abbreviations 25.3. Currencies 25.4. Research Inquiries 25.5. About the Publisher26. Copyright and Disclaimer For more information about this report visit https://www.researchandmarkets.com/r/gowt3z CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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