Artillery price

Britain to dramatically increase production of artillery shells after handing over thousands to Ukraine

However, the heavy use of these guns depleted artillery stocks in the West. Over the summer, Pentagon sources told the Wall Street Journal that U.S. 155mm inventories had become “uncomfortably low” after shipping 806,000 rounds to Ukraine. It can take up to 18 months from ordering to delivery of the ammunition, the newspaper reported.

Artillery, particularly unguided shells such as the six-inch-thick, waist-high 155 mm caliber, was key to the success of Ukrainian and Russian offensives during the war.

BAE Systems declined to comment. The MoD has been approached for comments.

News of the comfort letter comes as doubts emerge over whether the UK will stick to former Prime Minister Liz Truss’s pledge to dramatically increase Britain’s defense spending.

Rishi Sunak refused to commit to spending 3% of national production on defense as he announced a new order for spearfishing frigates to be added to the Royal Navy.

BAE has won a £4.2 billion contract to build five City Class Type 26 frigates for the Royal Navy in Glasgow.

Anti-submarine ships will also be able to serve as hospital ships and transport aids.

Ben Wallace, Secretary of State for Defence, said: “We are investing in our fleet to ensure our Royal Navy maintains its world leading capability to protect and defend our nation at sea.

“This design has already been successfully exported to Australia and Canada, proving to be a world-class maritime capability, securing thousands of UK jobs and strengthening alliances with our allies.”

BAE said on Tuesday that an order to upgrade a ballistic missile defense system to counter threats from Russia and China, and to revamp US F-15 fighter jets, helped it get through £10bn in orders since the summer. The increase in orders takes BAE to £28bn of work secured year-to-date.

The defense firm said a weak pound could add up to 9% to sales this year. The company has its eye on potential orders from Japan, which recently said it wants to drastically increase defense spending.

The company is also encouraged by bullish signals from NATO customers. BAE will design and manufacture next-generation infrared seekers for Lockheed Martin’s Terminal High Altitude Area Defense (THAAD) interceptor missiles, which are designed to neutralize medium-range threats.

BAE has won a $278 million contract to build and maintain a cold weather combat vehicle for the United States and add a new warning and jamming system to its F-15 fighter jets.

He stuck to his forecast that earnings for the year would rise 4% to 6%, excluding strong dollar gains. BAE does much of its business in America and a weak pound means dollar earnings flatter its bottom line. Including these gains, profits could climb by as much as 12%.

Like many manufacturers, BAE is struggling with a shortage of computer chips, which the company will “overcome”, he said. High energy prices are unlikely to have a major impact on its earnings, he said.

The company said: “We are well covered in the UK and our other main markets are relatively energy independent.”