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Sedgefield headquartered Filtronic has won a $68.1 million (£51.52m) order from SpaceX to support its Starlink network, highlighting the growing global demand for UK-developed space technology.
Over a quarter of UK defence firms will invest over £100 million in the next year, with air defence, counter-drone systems and cybersecurity as priorities.
Larger businesses are adopting AI at nearly twice the rate of smaller firms, with NatWest warning that skills and investment barriers could leave many SMEs struggling to keep pace.