The Office for Budget Responsibility (OBR) has designated an increase in United Kingdom defence spending as a fiscal necessity within its Spring Forecast 2026. This assessment, delivered alongside the Chancellor’s Spring Statement on 4 March 2026, marks a pivotal shift in the nation’s economic planning, acknowledging that the current geopolitical ...
The European Investment Bank (EIB) and the European Defence Agency (EDA) have marked the one-year milestone of their landmark cooperation agreement, signaling a significant shift in the availability of institutional finance for the European defence sector. Following the signing of an updated Memorandum of Understanding in October 2024, the partnership has ...
The Ministry of Defence (MOD) has awarded a multi-million-pound contract to Solid Swivel, a Midlands-based family business, to manufacture and supply specialist anchors and chain cables for the Royal Navy. This agreement marks a significant shift in UK defence procurement by restoring domestic manufacturing capabilities for heavy naval anchors, ending ...
The Ministry of Defence has formally selected Leonardo UK for a £1 billion contract to deliver the New Medium Helicopter (NMH) programme, a move that solidifies the United Kingdom’s sovereign rotary-wing manufacturing capability. Under the terms of the agreement, Leonardo will supply 23 AW149 helicopters to the UK Armed Forces. ...
April 14, 2026
Land - Leonardo and Uplift360 Partner to Secure Sovereign Supply of Critical Materials
Leonardo has announced a strategic partnership with UK-based advanced materials scale-up Uplift360 to accelerate the recycling and reuse of military-grade
April 13, 2026
Air - GCAP Agency Awards £686m International Contract to Edgewing
The Global Combat Air Programme (GCAP) has reached a definitive milestone with the award of its first joint international contract,
