3,000 jobs at risk unless MoD signs helicopter order, sources say

AI Summary
Leonardo Helicopters' factory in Yeovil, UK, faces potential closure, jeopardizing 3,000 jobs, if the Ministry of Defence (MoD) does not award the "new medium helicopter" contract by March. Leonardo, the sole bidder for the £1 billion contract launched in February 2024, requires the order by January to meet deadlines, as its "best and final offer" expires in March. The company's CEO has warned that delays could force a reevaluation of Leonardo's UK presence and investment. The Unite union has urged the government to confirm the order, while the MoD states that the UK defence budget is rising to record levels. The delay occurs despite pledges to increase defence spending amid growing Russian aggression.
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