PPRuNe Forums - View Single Post - US Equity firm trying to buy the UK Nuclear Submarine supplier
Old 17th Aug 2021, 07:52
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Easy Street
 
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Originally Posted by Chewing the crud
As Ultra also make other Defense Equipment, does ownership by a US firm make its products subject to ITAR and all the associated restrictions?
Not necessarily. UK-developed intellectual property can be ring-fenced within a UK subsidiary of a US conglomerate such that ITAR doesn't apply and a UK export licence would need to be granted for any sales (including to the US). This will be part of the small print which the Government will need to be satisfied with before it approves the deal. Much of Ultra's IP will have been developed with MOD funding and that gives the MOD a say in how the rights are managed. Providing, of course, the relevant contracts were drawn up correctly...
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