Is Britain ready for war? Opinion 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 [...]
Qinetiq inks deal with Ministry of Defence for military communications Business 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 Tech Venture capital in European defence technology is set to reach $1bn annually by 2024, with the UK leading the charge alongside Germany and France.
BAE Systems raises full year guidance amid ongoing geopolitical tension August 1, 2024 BAE systems upped its full year guidance and hiked its interim dividend off the back of a bumper half year trading update which saw healthy jumps in revenue and profit.
Qinetiq: ‘Good’ start to year helps defence firm to play catch-up on rivals July 18, 2024 A landmark deal with NATO and the ongoing success of long-term agreements in the UK and Australia have helped defence firm Qinetiq to welcome a "good" start to the year.
London-listed tech firm secures biggest-ever contract with US government June 20, 2024 One of Britain's top defence manufacturers has secured its largest single contract to date, suppling computer plug-in-cards to a major US defence and aerospace contractor.