Spending of at least £10bln soon11 Jun 2026 13:48
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.
• Total purchase orders received ensure the Company is well positioned to benefit in FY26, FY27 and beyond as procurement clarity improves and framework participation generates increasing revenue opportunities.
Chief Executive's Comment