Home | FCA & regulatory news | British English edition
Trade Hub UK

Independent coverage of UK markets, FCA policy and institutional trading

AD Bank of England Statistics AD Investing.com Markets AD LSEG Data AD CME Group Education
FCA & Rules

Burnham urged to award £2.4bn military satellite contract to Airbus over US rival

Trade Hub UK briefing (2026-07-24): One of the Labour party’s biggest union backers has called for Andy Burnham to award a £2.4bn military satellite contract to the European manufacturer Airbus… Primary source: original at The Guardian (theguardian.com).

Burnham urged to award £2.4bn military satellite contract to Airbus over US rival

One of the Labour party’s biggest union backers has called for Andy Burnham to award a £2.4bn military satellite contract to the European manufacturer Airbus rather than a US rival, Lockheed Martin, amid concerns that as many as 600 jobs may be at risk.

Sharon Graham, the general secretary of the Unite union, said it would be a “massive mistake” to go for a US company over Airbus, which is headquartered in France but designs and builds satellites in Stevenage in Hertfordshire and Portsmouth in Hampshire.

Continue reading...