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

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BAE Systems CEO Charles Woodburn is urging the UK government to publish its delayed Defence Investment Plan (DIP) as soon as possible. The call comes as BAE Systems reports record sales, exceeding £30 billion, driven by increased global demand following the war in Ukraine. Woodburn argues that the delayed DIP, expected in late 2025, is hindering investment and that clarity on spending priorities is crucial for industry planning. He expressed confidence in the British defense industry's ability to meet rising demand, contingent on clear government signals regarding spending commitments. The company's order backlog has reached a record £83.6 billion, reflecting increased demand from NATO allies.
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