Boeing’s NGAD win was a notable event in the first quarter of the year and will impact future results. (Photo: Boeing)
Most US large defence companies have reported silver-linings for Q1 2025, such as RTX posting sales increased of 5% compared to Q1 2024 and L3Harris flat in the same comparison, as those with less positive outlooks find a way forward.
Even Boeing, which has had its struggles on the commercial front, had an 18% jump in revenue for Q1 2025 compared to Q1 2024. This was in the face of a drop in revenue for defence from US$6.3 billion in the quarter just gone as opposed to $7 billion for the same period last year.
Boeing was the big winner of the
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The new plan outlined how Spain would reach 2% of its GDP spend on defence by 2025, with €1.9 billion earmarked for new equipment acquisition with several land, naval and air platforms disclosed to be replaced or upgraded.
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.
Rachel Reeves announced port upgrades, protected budgets for innovation and investment in novel technologies.
The Australian Budget was marked by tax cuts and a looming general election which led to little hope that there would be a substantial defence boost even with a big bill for nuclear submarines due.
The communications company Gilat launched its new Gilat Defense division at the Satellite 2025 expo, with future solutions aimed at US military customers.
US services have already conducted multiple tests with military maritime systems fitted with the system.
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