British multinational defence, security and aerospace company
U.S. officials have signalled a plan to reduce the pool of military capabilities available to NATO, cutting strategic bombers, some fighter deployments, naval assets and withholding certain drones, while senior U.S. diplomats are touring India to repair trade and energy ties and press Quad cooperation (as of 09 Jun 2026).
Germany has agreed with France to take a large stake in Franco‑German defence group KNDS and to set joint governance, clearing the way for a potential IPO. Berlin has said it intends to buy roughly 40% from family shareholders to secure long‑term influence over a firm that supplies tanks and armoured vehicles and supports European rearmament.
The White House has requested $87.6 billion in supplemental spending, primarily to replenish Pentagon munitions and operational costs tied to the Iran war, and to fund farm aid, Ebola response and domestic projects. OMB Director Russell Vought has urged Congress to act quickly; lawmakers in both parties are questioning whether to approve tens of billions more for the conflict.
The Defence Investment Plan has been revised to prioritise frontline equipment, drones and rapid-reaction forces. Dan Jarvis has secured additional funding and the plan emphasizes high-speed boats, strike drones and uncrewed vessels, with a focus on the High North amid rising Russian activity. The plan aims to equip troops faster while addressing concerns about funding gaps and the pace of modern warfare.
Lime has priced its IPO at $25 per share and sold 6.68 million shares, valuing the company around $1.66 billion. Trading has begun on Nasdaq under the ticker LIME, with the stock showing initial strength amid a volatile market for micro-mobility firms.
The US has intensified strikes against Iran as defense stocks remain depleted. A Pennsylvania defense summit highlights vulnerabilities in the supply chain, with officials urging faster production and greater resilience as regional conflicts escalate.
The Farnborough Airshow highlights a surge in defence and aerospace ambition. UK firms unveil the Brontanax unmanned combat aircraft demonstrator, while governments announce funding and orders that underpin a national push to lead in next‑generation air power and reindustrialisation.
At Farnborough, Boeing’s Ghost Bat leads a pack of rival autonomous combat aircraft, with General Atomics, Anduril, and Lockheed Martin unveiling or showcasing models. The U.S. Air Force aims for a price well under $80 million per jet and expects hundreds of aircraft annually by the mid-2030s, as world powers invest in crewed-uncrewed teaming and next‑generation combat air power.
The Isles of Scilly is replacing the Scillonian III with Scillonian IV after 49 years; the new 75-metre vessel will carry 600 passengers, improve comfort, reduce journey times, and start service in March 2027. The upgrade follows a multi-decade investment in regional ferry links to boost reliability for residents and visitors.
The government has announced funding for the Dreadnought-class submarine programme, replacing Vanguard and enabling up to 47,000 UK jobs and apprenticeships as Barrow builds the submarines. The plan supports HMS Dreadnought and HMS Valiant through readiness and sea trials, with total defence investment in the next four years reaching about £298bn and defence spending expected to hit 2.7% of GDP by 2035.
The Federal Reserve has held its policy rate, with investors pushing yields higher amid concerns about inflation. Markets are signaling a harder path ahead, with oil prices rising and equities correcting after recent swings.
Grab reports strong Q2 results and lifts full-year outlook as AI-driven efficiency boosts margins; Grab is accelerating in Southeast Asia while pursuing Taiwan expansion. Rolls-Royce posts higher semi-annual profit guidance on defense demand and data-centre power growth, with AI-influenced efficiency lifting margins.
Goodwin has begun a strategic review to consider options, including the potential sale of a substantial part of its mechanical engineering division, which serves UK and US submarine and frigate programmes. No certainty of a sale, discussions ongoing, Rothschild & Co is advising. Shares rose about 10%.
Rheinmetall has revised its revenue guidance for 2026 to as low as €13.7 billion, down from €14.0 billion, while maintaining its operating margin. The company reports a 39% rise in first-half sales and a 74% jump in profits, with new naval division contributing to growth; investors weigh valuations amid strong orders and potential shifts in government spending.