BAE Systems sees scope to expand its defence business in Japan and Canada, two markets that remain relatively small for the group but are moving towards higher military spending.
BAE Systems is expanding manufacturing capacity at its Hägglunds business in Sweden to support rising European demand for CV90 and BvS10 combat vehicles.
BAE Systems is increasing manufacturing investment across the United States and Europe to meet higher demand for missiles, munitions and other defence equipment.
BAE Systems has increased production rates at its Bofors business by three to four times across several product areas.
BAE Systems expects its U.S. operations to benefit from rising demand for munitions, counter-drone weapons and military space systems.
MBDA plans to invest €5 billion through 2030 after its order backlog reached a record €48 billion, BAE Systems Chief Executive Charles Woodburn said.
BAE Systems expects drones and autonomous systems to become a larger part of military forces without displacing combat aircraft, submarines and other high-end platforms.
BAE Systems expects submarine and surface ship programs to support growth for decades.
BAE Systems expects rising defence budgets across Europe and other major markets to support sustained growth, Chief Executive Charles Woodburn said.
Diehl Defence and BAE Systems are expanding cooperation on maritime defense systems for Germany and international armed forces.
BAE Systems Chief Executive Charles Woodburn said the Global Combat Air Programme is advancing at pace, with Canada joining the project as an observer.
BAE Systems plans to nearly double Eurofighter Typhoon production as it works through its existing backlog and prepares deliveries for Türkiye.
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