Bloomberg Airbus SE’s plans to ramp up production of its Eurofighter aircraft and other key weapons systems are being held back because governments aren’t committing to orders, the head of its defense unit said. Michael Schoellhorn, the chief executive officer of Airbus Defence and Space, said he expects an uptick in orders for jets, drones and space-based products in the ...

Bloomberg Lockheed Martin Corp. has outlined plans to build a satellite factory in the UK, which would be its first such facility outside of the US, according to a report in the Telegraph. The Maryland-headquartered defence company has been looking into suppliers around the northern city of Newcastle, an emerging hub for space technology, said the company’s UK Chief Executive ...

  Bloomberg British supermarket chain Morrisons said it would cut prices across many of its own-brand products to help consumers squeezed by the cost of living crisis. The move, which Morrisons said would cost $30 million, will reduce prices by an average of 19% on items including potatoes, coffee and rice. The company has invested £148 million in cutting the ...