Joint Strike Fighter Aircraft

Ministry of Defence written question – answered on 2nd November 2017.

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Photo of Douglas Chapman Douglas Chapman Shadow SNP Spokesperson (Defence Procurement)

To ask the Secretary of State for Defence, what plans his Department has to manage exposure to foreign currency fluctuations as part of his Department's F-35 programme.

Photo of Harriett Baldwin Harriett Baldwin The Parliamentary Under-Secretary of State for Defence

The Ministry of Defence (MOD) centrally manages the impact of variations in foreign exchange rates as part of the routine financial management of the defence programme. The foreign currency arrangements in place will limit any impact from the current foreign exchange position and any further considerations will be dealt with as part of the MOD's annual planning cycle.

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