GBP 10 million Ammunition Investment
BAE Systems Land UK is
investing around £10 million
in its ammunition production
capability with the decision to
build a new production line
for 12.7mm ammunition at
the Radway Green small arms
ammunition facility, adding up
to 10 million rounds a year
BAE has been stung by the Brexit
calamity. Within the EU the group
was seen as blue chip. However once
the UK had decided to leave the EU the
risk profile of the company had changed.
Most observers agree that English military
companies now have lesser access to
financial resources than they did while in the
EU. Additionally in future BAE will be unlikely to
follow high and demanding standards set by Brussels
and those in the EU defense sector.
Thus the £10 million is seen as somewhat of a
small investment in current military senarious
played out in defense budgets today.SA Artillery