Munich summit: Ukraine on ‘irreversible path to NATO’, Starmer tells Zelenskyy February 14, 2025 Sir Keir Starmer told Volodymyr Zelenskyy that the UK remains committed to Ukraine “being on an irreversible path to NATO.” Speaking to the Ukrainian President this morning, the Prime Minister “began by reiterating the UK’s concrete support for Ukraine, for as long as it’s needed”, a Downing Street spokeswoman has said. Sir Keir was “unequivocal [...]
Babcock hikes guidance amid Skynet ramp up February 6, 2025 Defence firm Babcock has hiked full-year guidance for revenue and profit as business in its Nuclear and Marine segments has boomed. The FTSE 250 group said on Thursday it expects underlying operating profit to exceed the top end of analyst expectations, which were in the range of £327.1m to £339.7m. Revenue is expected to come [...]
Russian drone and missile attacks kill eight in Ukraine February 1, 2025 At least eight people have died overnight as Russian drone and missile strikes continued to pound Ukraine’s towns and cities, local officials said. Meanwhile, Moscow’s troops continued their grinding advance through the country’s east. A Russian missile strike on an apartment block in the Ukrainian city of Poltava killed at least seven people and injured [...]
BAE Systems wins £285m Royal Navy deal as shares continue recovery January 28, 2025 Defence giant BAE Systems has won a Royal Navy contract worth almost £300m which will support more than 200 UK jobs. The London-listed group has been hired to maintain and modernise combat management systems (CMS) on Royal Navy vessels. They include Type 23 frigates, Type 45 destroyers, Queen Elizabeth Class aircraft carriers and Type 26 [...]
Rolls-Royce signs £9bn submarines deal to create 1,000 jobs January 24, 2025 Rolls-Royce has signed a £9bn submarines deal which will create 1,000 jobs and is the biggest UK Ministry of Defence (MoD) contract in its history. The eight-year Unity contract covers research and technology, design, manufacture and in-service support of the nuclear reactors that power the Royal Navy’s fleet of submarines. The Derby-headquartered FTSE 100 giant [...]
Rolls-Royce worth £50bn again after FTSE 100 surge January 20, 2025 Rolls-Royce has returned to a market capitalisation of more than £50bn after its shares rallied. The Derby-headquartered FTSE 100 giant passed the milestone for the first time at the start of December 2024 before its share price fell back. However, Rolls-Royce has surpassed the £50bn barrier once again after a jump in its share price [...]
Defence minister greenlights military sealift deal to secure 150 UK jobs December 20, 2024 London-based Foreland Shipping will run a seven-year contract with the Ministry of Defence, under a new deal announced on Friday.
Chemring shares plunge despite record orders December 17, 2024 Chemring shares plunged on Tuesday as production and foreign exchange headwinds dented investor confidence despite booming orders. The FTSE 250 British defence contractor’s order book reached a record £1.04bn in 2024, meaning more than two-thirds of next year’s revenue forecast is already covered. Such soaring demand saw Chemring double down on a target of reaching [...]
Cohort’s order book hits record amid booming defence spending December 11, 2024 AIM-listed defence group Cohort has reported strong half-year results, attributing its performance to conflicts in Europe and the Middle East and “heightened international tensions” in the Asia-Pacific region. The group, which owns six defence companies including Chess, EID, and SEA, recorded a 25 per cent year-on-year increase in revenue for the six months to 31 [...]
Is Britain ready for war? December 6, 2024 The government’s decision to scrap a number of defence capabilities has left our military’s ability to deploy in an emergency in serious doubt, says William Freer Last month, the Secretary of State for Defence, John Healey, announced a suite of military capabilities to be cut to redirect a portion of the defence budget. The assets [...]