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04 Mar 2024

Defence Contracts Digest: Top Reads 29/02

Defence Contracts Digest: Top Reads 29/02
UK MOD © Crown copyright 2023, Cpl Aaron J Stone.

Top reads from last week's edition of the Defence Contracts Digest, published 29.02.2024.

The UK’s £4.5 billion drone drive | New Integrated Procurement Model | Upcoming webinar led by UK MOD

The UK has released its Defence Drone Strategy, supported by £4.5 billion in funding. Over the course of a decade, the new strategy is intended to rapidly equip UK forces with a range of drones, ‘working in lockstep with industry’.

The UK’s new Medium Helicopter programme is set to begin inviting industry bids, with Airbus Helicopters UK, Leonardo Helicopters UK, and Lockheed Martin listed as the three candidate suppliers. In a speech at the International Military Helicopter Conference earlier this week, Minister for Defence Procurement, James Cartlidge MP dubbed the programme “a beacon of smart procurement”. This came ahead of his speech to the House of Commons yesterday, where he outlined a 

new 'Integrated Procurement Model', promising a joined up approach, new checks and balances, prioritised exportability, empowered industrial innovation, and spiral development to rapidly adopt capabilities.


Top contracts last week:

The UK allocates £4.5 billion for new military drones following new strategy - Breaking Defense

The UK will spend billions on new military drones, pledging to equip its armed forces with advanced air, land and sea based uncrewed systems. The move reflects modern battlefield realities seen in Ukraine, such as ‘previously unseen levels of Electronic Warfare’.

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South Korea's Hanwha poised for $751 million K9 self-propelled howitzer contract with Romania - Army Recognition

A significant development in South Korea's defence industry is underway as Hanwha Aerospace is poised to secure its sixth contract in Europe, with now sights set on the UK.

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Elbit Systems wins $600 million Redback IFV system contract - Asia Pacific Defence Reporter

Elbit Systems announced that it was awarded a contract worth approximately $600 million (A$917 million) to supply systems to Hanwha Defense Australia for the Land 400 Phase 3 Project. This project aims to deliver advanced protection, fighting capabilities, and sensors suites to the Redback Infantry Fighting Vehicles (IFV) for the Australian Army.

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