Latest news with #defencecontractors
South China Morning Post
7 days ago
- Business
- South China Morning Post
New details emerge about Trump's US$175 billion Golden Dome missile defence system
The Trump administration's flagship Golden Dome missile defence system will include four layers – one satellite-based and three on land – with 11 short-range batteries located across the continental US, Alaska and Hawaii, according to a US government slide presentation on the project first reported by Reuters. The slides, tagged 'Go Fast, Think Big!', were presented to 3,000 defence contractors in Huntsville, Alabama, last week and reveal the unprecedented complexity of the system, which faces an ambitious 2028 deadline set by US President Donald Trump. The system is estimated to cost US$175 billion, but the slides show uncertainties still loom over the basic architecture of the project because the number of launchers, interceptors, ground stations and missile sites needed for the system has yet to be determined. 'They have a lot of money, but they don't have a target of what it costs yet,' said one US official. So far, Congress has appropriated US$25 billion for Golden Dome in Trump's tax-and-spend bill passed in July. Another US$45.3 billion is earmarked for Golden Dome in his 2026 presidential budget request. Intended as a multilayered missile defence shield for the United States, Golden Dome draws inspiration from Israel's Iron Dome, but is significantly bigger due to the geography it will need to protect and the complexity due to the varied threats it will face. According to the slides, the system architecture consists of four integrated layers: a space-based sensing and targeting layer for missile warning and tracking as well as 'missile defence' and three land-based layers consisting of missile interceptors, radar arrays, and potentially lasers.
Yahoo
01-06-2025
- Business
- Yahoo
2 FTSE 100 and FTSE 250 growth shares to consider in June!
Searching for the best growth shares to buy this month? Here are two from the FTSE 100 and FTSE 250 I feel demand close attention. City analysts expect Babcock International (LSE:BAB) to report robust full-year earnings growth later this month (25 June). A 55% bottom-line rise is predicted for the 12 months to March, driven by conditions across both its defence and civil operations. As an investor, I like this diversification as it reduces the impact of weakness in one or two areas at group level. The company's operations include maintaining the UK's nuclear submarine fleet, training fighter pilots, tank drivers and emergency services, building armoured vehicles, and servicing and decommissioning nuclear power stations. However, I'm most excited by the enormous opportunities Babcock enjoys in the defence sector. It makes around three-quarters of revenues from defence customers, and rising arms expenditure drove its contracted backlog to an impressive £10.1bn as of March. Reflecting its strong markets, brokers expect the FTSE firm's earnings to rise another 8% this fiscal year, and by 10% in fiscal 2027. These growth projections could suffer a setback if US defence spending trends lower. But encouragingly, Babcock has limited exposure to Department of Defense budgets, which helps to mitigate this risk. Furthermore, moderating arms spending in the States would likely be offset by rising spending among other NATO nations and partners of the defence bloc. Babcock's four largest customers are Britain, Australia, South Africa and Canada. Britain's participation in the Security Action for Europe (SAFE) initiative provides additional reason for optimism too. Domestic defence companies will now have access to the EU's £150bn loan fund for defence projects. Today, Babcock shares trade on a forward price-to-earnings (P/E) ratio of 16.5 times. This makes it one of the London stock market's cheapest defence stocks on this metric. The FTSE 250's NCC Group (LSE:NCC) is also tipped for strong and sustained profits growth. Forecasters anticipate a 55% earnings jump for the financial year ending September 2025. Further double-digit rises (of 30% and 23%) are predicted for fiscal 2026 and 2027 as well. Like Babcock, current growth projections make the cybersecurity specialist looking ultra cheap on paper too. A forward price-to-earnings growth (PEG) ratio of 0.6 comes in below the widely accepted value watermark of one. It's possible that these growth projections could disappoint if the world economy stumbles and businesses scale back spending. However, I'm optimistic that the essential software and assurance services NCC provides could limit weakness compared with the broader tech sector. Marks & Spencer's catastrophic online outage in April outlines the importance of having robust online protections. And the threat's steadily growing (the head of HSBC's UK unit said the bank's 'being attacked all the time' by online criminals). NCC's a share I think is worth considering owning for the long haul. Fortune Business Insights expects the global cybersecurity markets to grow at an annualised rate of 14.3% between 2024 and 2032. The post 2 FTSE 100 and FTSE 250 growth shares to consider in June! appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool HSBC Holdings is an advertising partner of Motley Fool Money. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended HSBC Holdings. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Sign in to access your portfolio
Times
17-05-2025
- Business
- Times
British defence firms vie for a chunk of the €150bn EU goldmine
Next week Sir Keir Starmer is expected to sign a security pact with the European Union, an agreement that should open the door for British defence contractors to bid for programmes under the new €150 billion Safe (Security Action for Europe) fund. The deal could yet be derailed. There are wrangles over how much will be available to the Brits and lots of other moving parts in the wider talks on the UK-EU relationship: French fishing rights, youth mobility schemes and of course future trade arrangements. If it does happen, a potential goldmine awaits. The Safe programme is all about giving member states the money to spend quickly on getting their armed forces fit to fight without American assistance. US contractors are barred and British
Associated Press
08-05-2025
- Business
- Associated Press
Middle East Defence Industries & Authorities Directory 2025: A Vital Tool for Defence Contractors, Facilitating Identification of New Opportunities Across the Region
DUBLIN--(BUSINESS WIRE)--May 8, 2025-- The 'Middle East Defence Industries & Authorities Directory 2025" has been added to offering. The Middle East Defence Industries & Authorities Directory stands as the premier resource for accessing comprehensive data on defence-related companies and officials overseeing procurement activities in the Middle East. This directory is a vital tool for defence contractors, facilitating identification of new opportunities across the region. It covers an extensive array of companies, offering indispensable business insights and access to leaders in the defence sector. Designed for optimal use by professionals engaged in market research and strategic planning, the directory provides critical information on companies and senior defence officials with procurement responsibilities. This includes executives from military and civilian defence agencies down through various service branches, offering detailed contact information such as names, ranks, and areas of responsibility. Company entries typically include: Government defence entries typically include: Key Topics Covered: For more information about this directory visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: MIDDLE EAST INDUSTRY KEYWORD: OTHER DEFENSE DEFENSE SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 05/08/2025 08:04 AM/DISC: 05/08/2025 08:03 AM
