Defence firms 'need reassuring' that big orders will be long-term [Yahoo! Finance]
BAE SYSTEMS PLC S/ADR (BAESY)
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Source: Yahoo! Finance
While Nato member states are not directly involved in the conflict, support for Kyiv has ramped up production of weapons and other military equipment. And longer-term concerns about Russia has meant that Nato countries are continuing to increase their own armament stockpiles. For defence firms like the UK's BAE Systems, it has meant a surge in sales over the past three years. This month the company announced that its latest half-year revenues were up to £13.4bn, 13% higher than the same period in 2023. Meanwhile, its order backlog now stands at £74.1bn, its highest ever. “We will keep investing in new technologies, facilities and our people, so that we can deliver on our record order backlog, and help our government customers stay ahead in an uncertain world,” said BAE's chief executive Charles Woodburn. But how easy or otherwise has it been for Western defence firms to increase production? And how long will the demand boom last? To boost armament production since 2022 it h
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