MBDA encouraged by orders from ‘complex and challenging’ year
Weapons manufacturer MBDA is taking heart from a 2018 orders intake which amounted to €4 billion ($4.6 billion), equivalent to €2.5 billion from domestic markets and export bookings worth €1.5 billion.
The company admitted that several ongoing political issues had made business more challenging, referring specifically to national government policies, export licences and Brexit.
Despite the nature of those problems however, strategic ‘actions and initiatives to be more responsive’ toward customers and efforts to ‘rebalance’ new and older products, will setup more market opportunities in the future, according to Antoine Bouvier, CEO at MBDA.
Success of high profile orders, most
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 2 free stories per week
- Personalised news alerts
- Daily and weekly newsletters
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
More from Defence Notes
-
US Pentagon to reduce investments in main acquisition programmes over FY2025
The DoD requested nearly US$850 billion to fund operations over the next fiscal year. Despite the amount being 1% higher than the FY2024 budget request, it has not covered the 3% inflation rate, which could impact the DoD’s main programmes in the medium and long term.
-
Haiti crisis forces Caribbean militaries to prepare for intervention
As gangs gain control of Port-au-Prince, Haiti’s Caribbean neighbours have been preparing to intervene in the failed state, with the US and other partners waiting in the wings with equipment and financial support.
-
European Commission sets out first-ever European Defence Industrial strategy
The strategy set out by the Commission will aim to bolster Europe’s defence industry, foster innovation and strengthen international alliances.
-
Boeing fined $51 million due to unauthorised exports
An administrative settlement between the US Department of State and the manufacturer resolved 199 violations of US regulations including unauthorised exports of technical data to China.
-
Aging infrastructure is endangering US military’s capacity to innovate
The US’s ability to prepare for future conflicts had been placed at risk with many Pentagon laboratories and testing centres being housed in poorly maintained and aging structures.