Capedoned by the National Captioning Institute www. Ncicap. Org to defense news. I am Vago Muradian reporting from the air show outside london. I will interview the chief of the air forcen the worlds oldest independent air force and a look at how u. K. Firms exported 22 billion worth of defense and sesecurity products last year. Britain has one of the worlds most capable and globally deployed militarys. It has invested in the joint Strike Fighter and typhoon, new transport and tanker planes as well as sophisticated Reconnaissance Aircraft after years of austerity, prime nister David Cameron added 1. 1 billion pounds to the Defense Budget to improve special Operations Forces and also intelligence and surveillance and reconnaissance systems. The star of the show was in danger of missing its longawaited international debut. All 100 were grounded after a june 23 fire thahat has penetrae to turbine blades rubbing against the engine casing. The pentagon has lted a grounding opening the door
Raise it bid to 50,000. And israel continues the defenses in gaza promising a significant blow on hamas as more rockets are fired into israel from the lebanese border. Announcer youre watching Worldwide Exchange. Bringing you Business News from around the globe. Welcome to Worldwide Exchange on this monday morning. We are plane crazy this morning with the biggest names in aviation to capture england. The fighter jet wont be making its debut today as the engine has left the fleet grounded back in the u. S. This is an embarrassment to the manufacture manufacturer. So far this year bowing is ahead of airbus for aircraft orders. They hope to build on the popularity of the a320 which holds the majority of the orders. And across the hanger, boeing is maintaining a lead in the passenger jet market. The manufacturer claims their planes are more fuelefficient. And the u. S. Government continues to cut defense spending. Coming up, well bring you both sides of the argument with an exclusive argum
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