--BAE Systems is ready to boost capital investment beyond the 1 billion pounds ($1.3 billion) it spends annually once the U.K. government's defense spending plans become actual orders, according to Chief Financial Officer Bradley Greve, Bloomberg reports.
--The U.K. defense group could lift its capital investments as soon as this year to boost production, Greve tells Bloomberg.
--Europe and the U.K. are "under-invested" in space capabilities and need to do more to reduce their dependence on the U.S., and any such goals will take "years, not months," he says in an interview with Bloomberg.
Full story: https://tinyurl.com/84chakbn
Write to Cristina Gallardo at cristina.gallardo@wsj.com
(END) Dow Jones Newswires
March 26, 2025 10:23 ET (14:23 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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