BAE Systems (BA.) has said the recent passing of a $95bn supplemental aid package by the US government for Ukraine and the UK government’s renewed commitment to spend 2.5 per cent of GDP on defence “should build further positive momentum” in terms of its order intake.
The defence contractor highlighted a series of recent contract wins in a trading update, including more than $1bn-worth of orders from the US army for multi-purpose vehicles and self-propelled howitzers and a $650mn deal with Denmark to upgrade and maintain a fleet of CV90 tanks.