BusinessPostCorner.com
No Result
View All Result
Saturday, July 18, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Defence firms ‘need reassuring’ that big orders will be long-term

August 26, 2024
in Business
Reading Time: 2 mins read
A A
0
Defence firms ‘need reassuring’ that big orders will be long-term
ShareShareShareShareShare

But how easy or otherwise has it been for Western defence firms to increase production? And how long will the demand boom last?

To boost armament production since 2022 it has mainly been a matter of increasing output at existing factories. But this is not quite as easy as it sounds.

Many sites had only really been ticking over, if that, for years. This made expanding production not something that could be done quickly or easily.

Andrew Kinniburgh, director general of Make UK Defence, one of the industry’s trade bodies gives me an example.

“If you look at the Nlaw [a shoulder-fired anti-tank missile system] designed by Saab, and built by Thales in Belfast, they hadn’t had any new orders for many years, and the production line was basically mothballed.”

Then in 2022, Thales got a £223m contract from the UK Ministry of Defence (MoD) to make thousands more over in Belfast the next four years. Going from “mothballed” to fulfilling an order of that size is quite the challenge.

The facility has more recently won a £176m order from the MoD for a separate weapon, Thales’ lightweight multi-role missiles.

“I’m incredibly proud of our Belfast workforce, who have massively stepped up to the challenge,” says Alex Cresswell, chief executive of Thales in the UK. “This has included new shift patterns, and processes being implemented to maximise working time.

“Since just before the invasion of Ukraine up to this year, just a little over two years, factory outputs have doubled. It’s doubled to the most this factory has produced in living memory. And then in the next couple of years it will double again.”

Credit: Source link

ShareTweetSendPinShare
Previous Post

Telegram says detained founder Pavel Durov has ‘nothing to hide’

Next Post

Marketing for the lulz

Next Post
Marketing for the lulz

Marketing for the lulz

What’s really going on with mental health?

What’s really going on with mental health?

July 11, 2026
What history tells us about Trump’s self-enrichment

What history tells us about Trump’s self-enrichment

July 11, 2026
This former U.S. soccer player built a  billion-a-year company, but he says resilience matters more than talent

This former U.S. soccer player built a $20 billion-a-year company, but he says resilience matters more than talent

July 12, 2026
Cost segregation in the age of AI: What the IRS Audit Technique Guidelines reveal

Cost segregation in the age of AI: What the IRS Audit Technique Guidelines reveal

July 13, 2026
AI — the catalyst and solution to advisory

AI — the catalyst and solution to advisory

July 13, 2026
U.S. companies have received  billion in tariff refunds but now must combat Iran war inflation

U.S. companies have received $71 billion in tariff refunds but now must combat Iran war inflation

July 17, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

After Supreme Court loss, Trump tests a new tariff strategy on Brazil and other countries may follow

After Supreme Court loss, Trump tests a new tariff strategy on Brazil and other countries may follow

July 17, 2026
Wall Street’s record profits boost NYC tax revenues

Wall Street’s record profits boost NYC tax revenues

July 17, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!