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Chief executive reports ‘good progress’ as group reports fivefold increase to £673mn
War in Europe should focus minds on the need for a more agile and potent fighting force
Biggest growth came from maritime division where sales increased on accelerated UK funding for Dreadnought programme
Plane maker and US start-up Voyager join race to build commercial alternatives before ISS is decommissioned
Order backlog hits record level amid higher geopolitical tensions in wake of Ukraine war
The US military is opening up to defence and weapons start-ups as evolving technology begins to transform modern warfare
Mainly Tory group pushes for a ‘price stability mechanism’ to incentivise greater production
Buoyant demand for bestselling jets despite supply chain problems hitting production
Favourable trends are putting the wind under the wings of chief executive Tufan Erginbilgic’s turnaround
Turnaround plan starts to bear fruit as FTSE 100 engineering group delivers improved performance
The acquisition ties in neatly with the French company’s protection unit for non-civilians
Sales of the twin-engined jet have grown thanks to tougher US rules diverting defence orders elsewhere
Acquisition comes in wake of shift towards more sophisticated generation of aircraft
Also in this newsletter: Greece’s battle against wildfires
War in Ukraine, a fragile industrial base and slow procurement hamper supply
France plans to boost defence spending by 40% but will not get many new capabilities
Revamped defence review aims to increase deadliness and agility of Britain’s armed forces
War has spurred policymakers and companies into action but production will take years to match demand
Parliamentary report highlights failings two days before Ministry of Defence is due to publish its latest strategy
Michael Schoellhorn says policy remains fragmented despite demands of Ukraine war
Germany’s largest defence company benefits as country seeks to shore up stocks depleted during Ukraine conflict
The conflict in Ukraine has shown that the alliance needs to think more imaginatively about defence spending
Deal comes as Nato allies set to agree on blueprint for co-operation on defence procurement amid concerns over shortages
Germany’s largest defence group benefits from boost in European defence budgets spurred by war in Ukraine
Facility at centre of Russo-Iranian UAV partnership has recruited specialist engineers and Farsi speakers
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