16 November 2023
16 November 2023
As Sweden ramps up defence spend, its modest donation of eight Archer artillery systems to Ukraine balances military aid with national security.
High intensity warfare in Europe and the Middle East is driving acquisitions of missiles and missile defence systems.
Serial production is expected to begin in 2026 while deliveries are scheduled for 2027.
BAE Systems will continue supplying small arms ammunition to the UK Ministry of Defence after contracts for munition stockpiles earlier this year.
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Per GlobalData estimates, the space industry was worth $450 billion in 2022 and is expected to expand at a CAGR of somewhere between 6% and 10% by 2030. Investor interest, evident gaps in the market, and advancements in space technologies have led to a surge in start-ups entering the space economy in the last five years. The unforgiving environment of space exploration is matched by the harsh financial reality of developing space technologies, which has made acquisitions of complementary companies, strategic suppliers, and partners more likely.
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