RE: £1bln+ addressable defence market1 Jun 2026 11:11
Invoiced sales in April 2026 were 3x those achieved in September 2025.
• First phase of contract with UK Public Sector Space Client delivered successfully, with exceptional customer feedback and current commercial discussions over a potential second phase.
• Substantial progress made towards a major framework agreement with a top-seven prime contractor to MoD, now in the final stages of commercial approvals.
• Strong commercial execution driving results, with eight new clients (including two top-six prime contractors to MoD), a further Prime framework on track, and a c.2.5x uplift in win rate.
• The Board remains encouraged by long-term UK defence spending trajectory, with spending projected to reach 2.5% of GDP by 2027.