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Latest defence & aerospace news

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EADS lifts sales and profit forecasts
- Europe's biggest aerospace and defence group adds further weight to signs of a global industrial upturn after raising its sales and profit projections for the year, in spite of recording a 51 per cent fall in net profits for the first half
Cabinet clash on Trident
- Chancellor publicly confirms that the Ministry of Defence would carry the full �20bn costs of renewing the Trident nuclear deterrent
Rolls-Royce lifts guidance as order book expands
- Order activity in many markets remained subdued but Rolls-Royce still secured orders worth �5.9bn in the first half, increasing its total order book to �58.4bn. About �17.9bn of the order book related to service contracts
BAE bullish on UK defence market
- The country's biggest manufacturer swings back into profit, helped by its strong support and services operations, and still sees 'a lot to play for' in the sector despite looming cutbacks

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