Business · 30 June 2026
Rolls-Royce, BAE shares jump on £15B defence spending plan
Investors saw defence company shares climb after fresh government spending plans pointed to more military investment. Keir Starmer announced a £15 billion increase for defence on Tuesday as part of a long-delayed investment plan. Rolls-Royce and BAE Systems were among the companies gaining, while the package includes £5 billion for drones and autonomous systems over four years.
Reported by City AM · How we write briefs