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© 2024 a Reach plc subsidiary
Ministry of Defence
17:31, 15 APR 2024
North East deals of the week: key contracts, investments and acquisitions
Deals
Companies featuring in this week's round-up include UK Docks, Nirvana Europe, Vrai, Beyond Digital Solutions, n-gage.io, BSF Enterprise, the Lakes Distillery, PX Group, Tekmar Group and UMi Holdings
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UK Docks marks final handover of £250m Royal Navy contract
Maritime
The eight year contract will create or safeguard more than 100 jobs
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Tyneside tech firm Vrai to boost fast jet pilot training in BAE Systems project
Technology
The Newcastle virtual reality specialist will work with the defence firm to harness the power of extended reality and AI
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Pearson Engineering secures MoD deal to provide equipment to defeat explosives in Ukraine
Deals
Group CEO Ian Bell said lifesaving equipment is at the heart of Pearson Engineering’s operations
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Devon firm to supply Royal Navy warships with decoy launcher
Armed Forces
Barnstaple-based SEA has secured a £135m contract with the Ministry of Defence
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Rolls-Royce Submarines confirms 130 job investment for Cardiff with hopes it will lead to thousands more
Armed Forces
The first phase investment is linked to its role in delivering a new fleet of nuclear submarines for the Australian Government
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UK military flight training company opens new Bristol HQ
Ministry of Defence
Ascent designs and delivers flight training for all three of Britain's armed forces
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County Durham manufacturer Cook Defence Systems on track to support Ukraine
Deals
The defence firm has had to consult Cold War reference documents to reverse engineer parts compatible with Soviet-era vehicles
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GeoPura to create 400 new jobs after sealing £56m clean energy investment
Climate Agenda
The firm has bases in Newcastle, Nottingham, Matlock and Sheffield and sealed a separate deal for £36m exactly a year ago
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BAE Systems sees record order backlog amid global turmoil
BAE Systems plc
Business said it had taken in £37.7bn in new orders
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Rolls-Royce confirm Cardiff as site for potential new hub creating thousands of new jobs
Cardiff Capital Region
The company said the Hendre Lakes business district with its own mainline train station if approved could be an ideal location
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24 to watch in 2024: The South West firms set for success in the coming year
South West
Each year our business writers pick the firms that they expect to do great things in the coming year. Here we have selected 24 South West businesses for 2024
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Rolls-Royce welcomes trilateral GCAP treaty
Aerospace
The aerospace giant, which has UK bases in Bristol and Derby said this is important for its South West site
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Defence firm Babcock secures two new contracts worth £121 million
Deals
The group runs Plymouth’s Devonport Dockyard and employs more than 5,000 people in the port city
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Falmouth firm receives award from the Ministry of Defence
Awards
Take Point Training specialises in leadership and team development training
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Travelodge announces plans to expand in Bristol as it tops out new hotel
Hotels
The budget hotel chain has plans to create 100s of new jobs in the South West city
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Defence firm Babcock sees revenues rise as global demand for arms grows
Company Results
The group runs Plymouth’s Devonport Dockyard and employs more than 5,000 people in the port city
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BAE Systems sees a £10 billion rise in orders as global conflict continues
Company Results
The group builds submarines, fighter jets and ships and has bases across the country
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Defence firm Babcock signs £750 million submarine contract
Deals
The group runs Plymouth’s Devonport Dockyard and employs more than 5,000 people in the port city
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East Midlands people: Freeths, Finch Consulting, Nelsons, Simoco, Loughborough University, Wattbike & UK Industrial Fusion Solutions
Appointments
Movers and shakers include UBS chairman Colm Kelleher becoming visiting professor at Loughborough Business School
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Australia Deputy PM and UK Defence Sec tour Rolls-Royce Derby for update on next generation nuclear subs
Ministry of Defence
In the UK the boats will replace seven Astute-class subs and could double size of the hunter-killer fleet
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Harland and Wolff provides update on £77m naval programme contract
Maritime
The company hosted a government visit at its Appledore shipyard in Devon
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Airbus awarded MOD satellite communications contract
Deals
The aerospace giant said work on the project would help to secure jobs
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Leonardo sets out growth potential in Newcastle as it launches city centre base
Ministry of Defence
The Italian defence firm says it could bring more international investment to the city and region thanks to its role in a UK, Italy and Japan programme to develop new fighter jets
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