Steve Wadey
Group CEO & & Executive Director
Thank you, Stephen, and great early morning, everyone, and welcome to our half year results for FY ’26. Whilst we continue to run in difficult market conditions, we have actually taken definitive action to enhance our short-term efficiency and drive long-lasting development, developing worth for investors. And thanks to the commitment and effort of our extremely competent workers, we have actually continued to support our consumers’ functional requirements, providing mission-critical innovations and services.
Today, we’ll take you through our half 1 results and the actions we have actually required to resolve both near-term obstacles and enhance our market placing for the long term. A terrific example is revealed here, which shows the effective conclusion of the artificial trials we carried out with BAE Systems to show how drones can run together with battle airplane like Tropical storm. This was a substantial turning point in establishing important sovereign abilities required to safeguard the U.K.’s nationwide interests.
Let me begin with our crucial messages for today. Initially, in difficult near-term market conditions that have actually postponed orders in the U.K., we have actually provided robust functional efficiency and our restructuring program in the U.S. is on track. Second of all, our mission-critical abilities stay extremely pertinent to our consumers’ requirements in a growing defense market and integrated with our substantial order book and significant pipeline, supply great exposure for long-lasting development. Finally, regardless of near-term headwinds in our home markets, we
Source: Seeking Alpha.
