RE: Enjoy the bags!3 Dec 2025 21:58
Simpleinvestor,
I can't find anything referring to a 'December funding cycle' in any DH published materials. There may well be a MOD Tier 1 funding cycle in December, and from my understanding DH has been referred to as a "tier 1 asset". Does that make DH a Tier 1 supplier? I don't know.
I was looking in the MOD Engine for Growth reforms and it mentions a new procurement system on a three month cycle for "purchases of off-the-shelf kit – such as drones and software – will run in three-month cycles. For Armed Forces, this will mean they will get what they need when they need it, and for investors, it will mean a timelier return on investment." Also "UK Defence Innovation, will help deliver cutting-edge technology to the Armed Forces and will be up and running by July this year, with a ring-fenced budget of £400 million this financial year."
But I am concerned about the news that the UK not joining the EU Defence Fund. This may have explained the drop on Monday. This fund was mentioned in the DH Five Year plan. I wonder how much the company were banking on the UK being part of that...
So I am still optimistic because the company have stated December as a milestone in the commercialisation, but I don't know exactly what that will be or when. Fingers crossed! not long to wait, hopefully. GLA