CEO of UK’s biggest defence company says delay is holding back industry investment as BAE posts record sales
The boss of Britain’s biggest defence company has urged ministers to publish a long-delayed blueprint for military spending as soon as possible, as it posted record sales driven by a global increase in demand after Russia’s full-scale invasion of Ukraine.
Charles Woodburn, the chief executive of BAE Systems, said companies want clarity on how the money would be spent, adding that the defence investment plan (DIP) – due in late 2025 – was holding back investment.
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