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Rolls-Royce reports improved outlook for AUKUS-related business due to UK defence investment commitments. Submarine activity also supported growth in the first half of 2026.
BAE Systems anticipates significant growth in submarine and surface ship programs, including AUKUS submarines and Type 26 warships. The company's CEO, Charles Woodburn, highlighted the potential for decades of allied naval investment across three markets. Additionally, MBDA's substantial order backlog and investment plan are expected to drive missile growth in Europe.
The Australian government has selected Leidos Gibbs and Cox to design a floating dry dock supporting AUKUS infrastructure for its future nuclear-powered submarine fleet. The dry dock is a critical component of the AUKUS program, which aims to provide Australia with conventionally-armed, nuclear-powered submarines. The selection marks an important step in the development of Australia's submarine capabilities.
Australia is investing an additional $3.2 billion in the Osborne AUKUS submarine shipyard. The investment is part of the country's efforts to enhance its submarine capabilities. The AUKUS program is a trilateral partnership between Australia, the UK, and the US.
The UK Ministry of Defence has awarded Lockheed Martin UK a £20 million contract to develop a hypersonic target for missile-defense testing. This project is part of the AUKUS cooperation, a trilateral security pact between Australia, the UK, and the US. The development of hypersonic targets will enhance missile defense testing capabilities.