Defence firms 'need reassuring' that big orders will be long-term

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Western military production has ramped up due to Ukraine, but will it continue after the war ends?

Then in 2022, Thales got a £223m contract from the UK Ministry of Defence (MoD) to make thousands more over in Belfast the next four years.

Meanwhile, its order backlog now stands at £74.1bn, its highest ever.“We will keep investing in new technologies, facilities and our people, so that we can deliver on our record order backlog, and help our government customers stay ahead in an uncertain world,” said BAE’s chief executive Charles Woodburn.

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Article Details

Category: Business

Markets: United KingdomChinaNorth KoreaSwedenUkraine

Topics: Weapons Production Spending Nato Defence Increase Been Says Years Ukraine Military

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-26 @ 06:21:36 (5 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 1369 words

Reading Time: 8 minutes read

Sentences: 57 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © BBC Business

News ID: 22312038

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