BAE Systems’ sales up 2.8% in the first half of 2022
Underlying earnings before interest and taxes were also up 4.4% to £1.112bn in this period.
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Saab reports strong order intake in Q2 2022
The Swedish company received orders worth $1.697bn (Skr17.363bn), a growth of 76% in the quarter.
US approves sale of M142 High Mobility Artillery Rocket System to Estonia
The $500m sale is intended to support Estonia in its mission to modernise its armed forces and strengthen its capabilities.
US and Norway pledge additional funding for Ukraine
The US’ $820m of security aid includes $50m through the Presidential Drawdown Authority and $770m under the USAI.
Norway and UK to provide more M270 MLRS units to Ukraine
Norway will also donate 5,000 grenades and the UK will contribute more forces to Nato to deal with future threats.
Swedish Armed Forces to procure new body armour for women
The body-worn ballistic protection will be delivered by TYR Tactical to the armed forces in 2023.
Nato set to increase high readiness forces to over 300,000
The new strategic concept will address security challenges posed by China for the first time.
UK offers to launch training programme for Ukrainian forces
The programme proposes to provide training to 10,000 soldiers every 120 days.