§ Mr. Cryerasked the Secretary of State for Defence what overseas markets are being examined for possible sales of Sting Ray torpedoes; and what restrictions exist to such sales so that the claimed advantages of Sting Ray are confined to British forces and their allies.
§ Mr. SpeedIt is not the practice to reveal details of individual defence sales or potential sales, but a number of possible overseas markets for the Sting Ray torpedo are being explored. Security considerations are among the many factors which will be taken into account before any sales of Sting Ray are permitted.
§ Mr. Cryerasked the Secretary of State for Defence what steps he is taking to ensure that the financial risk being carried by Marconi Space and Defence Systems Ltd. in the development of the Sting Ray torpedoes will not prevent this development.
§ Mr. SpeedThe terms of the contract concluded with Marconi Space and Defence Systems Ltd. in November 1979 were negotiated with this in mind.