Latest news with #BradleyGreve
Bloomberg
26-03-2025
- Business
- Bloomberg
BAE Ready to Lift Capex Beyond £1B to Meet Defense Boom
BAE Systems is ready to step up capital investment beyond the current £1 billion ($1.3 billion) annual level, as the UK's biggest military contractor prepares for a 'super-cycle' in European defense spending, according to Chief Financial Officer Bradley Greve. He spoke exclusively to Tom Mackenzie on Bloomberg Television. (Source: Bloomberg)
Bloomberg
26-03-2025
- Business
- Bloomberg
BAE Ready to Lift Capex Beyond £1 Billion to Meet Defense Boom
By and Kate Duffy Save BAE Systems Plc is ready to step up capital investment beyond the current £1 billion ($1.3 billion) annual level, as the UK's biggest military contractor prepares for a 'super-cycle' in European defense spending, according to Chief Financial Officer Bradley Greve. 'We're spending at record levels already,' Greve said in an interview with Bloomberg Television's Tom Mackenzie. 'We need to see the government spending plans, and they are plans right now, convert to actual orders. Once those orders come in we are ready to build a capacity to deliver those.'
