Nato supplier Chemring reveals £278m boost as geopolitical tensions fuel boom November 4, 2024 Shares in Chemring are up over 26 per cent in the last 12 months and rose nearly two per cent in early trading on Monday.
BAE Systems plots £220m transformation to create hundreds of jobs October 29, 2024 Defence company BAE Systems is planning to invest £220m to transform its Rochester base into an “advanced technology” factory. The century-old site, which specialises in aerospace technologies and electronic systems, will be revamped into a “state-of-the-art” 32,000sqm facility. BAE Systems expects the bigger and “more efficient” factory will create 300 jobs over the next five [...]
Government: Israel’s escalation in the Middle East ‘in no one’s interest’ October 26, 2024 The government said it is monitoring the unfolding situation in the Middle East “closely” after Israel launched a series of airstrikes targeting military sites in Iran. The attacks did not target nuclear or oil facilities, two Israeli officials confirmed to the Associated Press. A government spokesman said on Saturday morning: “We are monitoring this situation [...]
Qinetiq inks deal with Ministry of Defence for military communications October 11, 2024 Security and defence contractors Qinetiq have won a three-year contract with the Ministry of Defence worth around £150m to deliver military communications. The initial contract, with UK’s Ministry of Defence’s (MoD) Defence Digital organisation, is worth £39m, but includes options for extensions for up to two further years. The Farnborough-based firm, which in May hiked its [...]
UK defence tech investment surges September 26, 2024 Venture capital in European defence technology is set to reach $1bn annually by 2024, with the UK leading the charge alongside Germany and France.
Cohort cashes in on defence boom with record year for orders September 24, 2024 Cohort said it secured a closing order book of £518.7m last year, its highest ever and stretching to at least 2037.
Italian firms Leonardo and Marcegaglia to invest £485m in Britain, Starmer reveals September 16, 2024 Two Italian companies Leonardo and Marcegaglia are set to invest £485m into the UK, Sir Keir Starmer has announced. The news came during a joint press conference in Rome with the Prime Minister of Italy, Georgia Meloni, as part of Sir Keir’s trip to strengthen ties on migration, trade and defence. Aerospace firm Leonardo will [...]
UK-Germany: No post-Brexit youth mobility scheme but defence deal at ‘heart’ of treaty August 28, 2024 A new UK-Germany treaty will have a fresh defence agreement “at its heart”, Sir Keir Starmer has said, as he insisted there are no “plans” for a youth mobility scheme. The Prime Minister spoke at the German chancellery in Berlin alongside Chancellor Olaf Scholz during a press conference to announce the launch of talks for [...]
The Notebook: So, when does Labour actually become pro-business? August 20, 2024 The honeymoon is over, Labour needs to start walking the walk when it comes to being pro-business, writes Michael Martins.
Military sent to help as Lammy tells UK citizens ‘leave Lebanon now’ August 3, 2024 Military personnel and consular experts have been deployed to the Middle East to help British nationals in the region as ministers warned the “situation could deteriorate rapidly”.