My ride in a helicopter over London as Leonardo expands its UK presence Business Helicopter travel is the preserve of London’s elite: Celebrities, billionaires and high flying – if you’ll pardon the pun – City chief executives. Leonardo attracted headlines earlier this year when it secured a £1bn contract to build helicopters for the Ministry of Defence. The company had warned it could shut its UK helicopter manufacturing facility [...]
Mark Kleinman: £1bn Leonardo deal betrays Whitehall toxicity Business Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly Morning Wire column How’s this for joined-up government? The chancellor, could not bear to let 3,000 skilled manufacturing jobs at a helicopter factory in Somerset evaporate – or so the story went – because “Rachel cares about keeping the [...]
Starmer is in denial over defence spending Opinion Keir Starmer’s dither and delay on defence spending is leaving Britain vulnerable in uncertain times, says Eliot Wilson Trades unions have no monopoly on wisdom. They are advocates for the interests of their members, and they have been wrong just as often as government or big business over the years. But on this occasion, Sharon [...]
Starmer calls for ‘moment to unite’ as Nato agrees defence pledge June 25, 2025 Keir Starmer said the latest Nato summit represented a “moment to unite” as 32 member countries committed to ramp up spending on defence to 3.5 per cent by 2035, with a further 1.5 per cent allocated towards security and infrastructure. The Prime Minister said investment will go towards cyber security and protecting key infrastructure while [...]
Qinetiq share price slump shows defence firms aren’t immune from turbulence March 17, 2025 Defence stocks are some of the hottest in Europe right now as government’s ramp-up military spending in response to developments in Ukraine. Donald Trump’s push for European nations to take more responsibility for security has driven up shares in the likes of BAE Systems, Thales and Leonardo. In the UK, Prime Minister Sir Keir Starmer [...]
Italian firms Leonardo and Marcegaglia to invest £485m in Britain, Starmer reveals September 16, 2024 Two Italian companies Leonardo and Marcegaglia are set to invest £485m into the UK, Sir Keir Starmer has announced. The news came during a joint press conference in Rome with the Prime Minister of Italy, Georgia Meloni, as part of Sir Keir’s trip to strengthen ties on migration, trade and defence. Aerospace firm Leonardo will [...]