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Defence industry
UK Cyber Defence Capabilities Face Critical Shortfall as Threats Multiply
The United Kingdom's cyber defence capabilities are struggling to keep pace with escalating threats, as artificial intelligence and widely accessible technologies fuel an unprecedented surge in attacks, according to alarming new findings…
BAE Systems Shares Plunge 2bn as Musk Efficiency Drive Sparks Defence Spending Concerns
British defence giant BAE Systems witnessed a staggering £2 billion market value erosion as investors reacted to concerns over Elon Musk's proposed government efficiency programme, which could potentially impact US military spending.
The…
UK Serious Fraud Office Launches Joint Bribery Investigation into Thales Defence Group
The Serious Fraud Office (SFO) has initiated a significant investigation into defence company Thales regarding allegations of bribery and corruption. The probe, announced on Thursday, marks a collaborative effort between the UK agency and…
UK Military Cuts Older Assets in £500 Million Pound Defence Savings Plan
The United Kingdom's defence sector is set to undergo significant restructuring as Defence Secretary John Healey announces plans to retire ageing military assets, targeting £500 million in savings over the next five years.
The…
Chinese Bulk Carrier Under Investigation After Baltic Sea Cable Damage Raises Security Concerns
Swedish authorities have launched an investigation into a Chinese-registered vessel's movements coinciding with the severance of two critical undersea data cables in the Baltic Sea, marking the latest in a series of infrastructure security…
Taiwan Mulls Significant Defence Package to Curry Favour with Trump Administration
Taiwan is contemplating a substantial military procurement package from the United States, signalling its commitment to bolstering defences against China as Donald Trump potentially returns to office. The proposed acquisitions include the…
Chinese Government Ordered to Sell UK Chipmaker Stake After Russian Tank Discovery
The British government has issued a decisive order forcing a Chinese technology company to divest its majority stake in a UK-based semiconductor manufacturer. This landmark decision follows revelations that the company's microchips were…
British Aerospace Pioneer Reaction Engines Falls Into Administration After Funding Crisis
In a significant blow to British aerospace innovation, Reaction Engines has entered administration following unsuccessful attempts to secure vital funding, marking the end of its ambitious vision to revolutionise air travel through…
Chinese Sanctions Force US Drone Manufacturer to Scramble for New Suppliers as Ukraine Support Hangs…
A significant supply chain crisis has struck Skydio, the largest drone manufacturer in the United States and a crucial supplier to Ukraine's military forces, following Beijing's implementation of extensive sanctions. The California-based…
Keir Starmer Seeks New UK-German Treaty in Berlin Talks with Olaf Scholz
Prime Minister Keir Starmer has initiated efforts to secure a new bilateral treaty with Germany during discussions with Chancellor Olaf Scholz in Berlin. The meeting, which took place on Wednesday, is part of Starmer's broader strategy to…
Top Defence Contractors Poised to Generate Record Cash as Orders Surge
The world's largest aerospace and defense companies are projected to accumulate unprecedented levels of cash over the next three years, driven by a surge in government orders for new weapons due to escalating geopolitical tensions. An…
The UK could build a hypersonic missile named for the fastest shark on earth.
Lockheed Martin, a US defence giant, has stated that it would be willing to select the UK to develop an advanced hypersonic jet missile before it could do so in America.
The Mako missile, named after the fastest shark on the oceans, is a…
Lockheed says that Europe and Asia have a’strong need for deterrence.’
Lockheed Martin's sales target has been raised for the entire year due to strong demand for fighter jets and its missiles, which helped the performance in the second quarter exceed expectations.
The US Defence Group said that it expects…
Italian military signs €20bn deal for new tanks
Two of Europe's largest arms companies will form a joint venture worth €20 billion to build tanks. Leonardo and Rheinmetall announced that they would jointly develop, industrialise, and market a fourth generation main battle tank to be used…
SpaceForge, a British startup, receives a $1bn Nato fund to help build space factories
The Nato alliance has invested $1.1bn (£870m ) in a British start-up, which is planning to launch robot factories into the space.
Cardiff's Space Forge is looking to launch satellites and take advantage of the low gravity conditions to…
Airbus announces stealth combat drones to support fighter jets
Airbus unveiled a new unmanned fighter jet capable of serving as a "loyal wingman", for RAF pilots who fly Eurofighter Typhoon aircraft.
The European aerospace giant revealed the sleek-looking drone concept at the Berlin International…
Rivals line up for a £1.6bn Navy Contract from Titanic Shipyard
The biggest British defence companies are in line to bid for a £1.6bn Royal Navy Supply Ship contract, amid fears that the company tasked with fulfilling it may collapse.
A Government source confirmed on Thursday that rival companies…
Sunak’s pledge to spend on defence could change the arms industry
Rishi Sunak, who announced last month a £75billion boost in funding for the British Defence Industry over the next 6 years, was disappointed. The share prices of BAE Systems, and Rolls-Royce - the two largest defence contractors in the UK -…