Boss of BAE Systems urges ministers to publish delayed military spending plan

2026-02-18 - 11:03

CEO of UK’s biggest defence company says delay is holding back 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. Continue reading...