New UK Defense Strategy to Give Priority to Local Firms, Growth.

The UK government will prioritize defense contracts for local firms to strengthen the domestic supply chain and boost growth, according to a new Defense Industrial Strategy announced by Defense Secretary John Healey. The strategy aims to create jobs across the UK and increase defense spending to 2.5% of GDP, with a focus on resilience in critical industries like steel and semiconductors. The plan comes amidst global geopolitical threats, including tensions between China and Taiwan, and includes investments from major defense contractors like BAE Systems and Rolls Royce to support job growth and security. [Extracted from the article]