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Defence: Treaties with France

My Lords, I join these Benches in the earlier tribute. My noble friend will know that on many occasions I have argued for greater co-operation between Britain and France. Thus, I am very encouraged by the defence treaties signed today. According to media reports, the chief executives of BAE Systems and Dassault have written to their respective Governments, making the point that greater collaboration in the production of future combat aircraft and UAVs is absolutely vital. Does my noble friend not agree that, to make collaboration easier, there has to be greater consolidation between defence industries and, particularly, between British and French defence companies?