UK defence firms plan to invest 19.75bn over the next year

Image for article UK defence firms plan to invest 19.75bn over the next year
News Source : The Next Web

News Summary

  • Staying competitive was the most common reason, cited by half of the firms.
  • Cybersecurity was their top priority (46%), followed by advanced sensors (45%) and space technology (39%) Air defence and counter-drone systems were the main uses for that technology, each cited by 68% of those firms.
  • Almost all of the companies said the UK is Europe’s leading destination for defence technology investment.
UK defence companies plan to invest a combined 19.75bn over the next 12 months, according to new research from law firm White & Case.

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