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. ...
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