UK and Norwegian Defence & Security Groups Sign New Deal

ADS has signed a cooperative Memorandum of Understanding (MoU) with the Norwegian Defence and Security Industries Association (FSi) in Oslo 24 April 2012.

With the increasing globalisation of the defence industry, this agreement will foster increased cooperation between the members of the two organisations as well as achieve economies of effort on joint initiatives. The MoU signed today seeks to achieve these goals on behalf of the industries of both nations to boost both trade in this strategic sector and the economies of both countries.

Rees Ward, Chief Executive of ADS, said:

“ADS is delighted to deepen our already excellent relationship with our counterparts in Norway. This agreement will deliver significant benefits for our respective members by opening doors to extended overseas trade in markets of crucial importance to both sides. We look forward to building on this relationship to deliver additional benefits to both the UK and Norwegian economies.”

Source: ADS
Date: Apr 25, 2012