Defence companies continue to ride procurement wave
Sweden’s MilDef has seen revenues grow through supplying subsystems to vehicles such as BvS10. (Photo: BAE Systems)
Vehicle and technology companies are reporting substantial growth compared to the first half of 2024. Italy’s Fincantieri saw revenues jump 24% for the first half of the year compared to 2024 and Thales up 6.8% for the same period. General Dynamics reported second quarter revenue growth of 8.9% for the second quarter compared to last year and MilDef reported organic order intake growth of 58%.
Defence companies are continuing to reap the rewards of growing expenditure in NATO and EU countries with positive results across the board and one company predicting “high demand in the second half of 2025”.
Company officials pointed to growing demand through increased defence expenditure and one-off ringfenced spending boosts in an uncertain geopolitical environment in Europe, Africa and the Middle East.
General Dynamics (GD), with its ship and vehicle divisions, was indicative of company trends. GD’s 2Q 2025 operating earnings of US$1.3 billion on revenue of $13 billion, representing an increase of 8.9% on 2Q 2024 and similarly its revenue
Already have an account? Log in
Want to keep reading this article?
More from Defence Notes
-
![Amazon Project Kuiper emphasises user-friendly solutions for multi-domain connectivity (Studio)]()
Amazon Project Kuiper emphasises user-friendly solutions for multi-domain connectivity (Studio)
At DSEI 2025, Shephard's Alix Valenti spoke to Project Kuiper's Rich Pang about the importance of enabling seamless communication between allied forces such as NATO members in challenging operational environments.
-
![Israel defence ministry pushes ambitious spending plans for tanks, drones and KC-46 aircraft]()
Israel defence ministry pushes ambitious spending plans for tanks, drones and KC-46 aircraft
The procurement and acceleration production plans – some of which still await approval – across the air and land domains will aim to strengthen the operational needs of the Israel Defense Forces.
-
![US reforms its defence acquisition system to focus on commercial capabilities]()
US reforms its defence acquisition system to focus on commercial capabilities
This shift is planned to accelerate the procurement and fielding of capabilities. As part of this strategy, the US also intends modernise its regulations in an attempt to change its bureaucratic and risk-averse culture.
