Tag: UK
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Scotland secures £50m defence growth deal to boost skills and innovation
The UK government has today announced a £50 million defence growth deal for Scotland aimed at strengthening skills, innovation and industrial capacity across key sectors.
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British AI drone startup raises $2.1m in pre-seed
The autonomous drone technology round is led by space specialist Seraphim Space and backed by the UK government’s defence venture capital fund.
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BAE profits jump 12% amid record orders
The UK defence giant’s order backlog is now three times its annual revenue, surpassing the UK government’s entire defence budget.
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European defence stocks surge as Middle East conflict deepens
US strikes in Iran over the weekend and retaliatory attacks across the region has driven a huge surge in European defence stocks as national security is once again put into…
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JPMorgan drops defence exclusions for swathe of European funds
The global asset manager follows peers by opening up lucrative defence stocks to over 130 of its European funds in a major shake-up of the firm’s ESG policies.
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UK launches £20m fund for homegrown defence unicorns
The dedicated fund for defence techs will fast-track small MOD contracts, in the hope that this will boost revenues and clout, overcoming the startup space’s ‘valley of death’.
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Canada to join EU’s €150bn SAFE procurement; first non-EU participant
Canada has agreed to join in the European Union’s Security Action for Europe (SAFE) defence financing initiative, becoming the first non‑European country to secure such status under the programme, Canadian and…
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UK balks at €6.75bn price tag for EU defence fund access
Government calls European Commission’s entry fee “unreasonable” as bloc prepares to launch €150bn Security Action for Europe initiative
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