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Telegraph

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World

We won’t let US buy up Britain’s defence industry, says Starmer

Telegraph
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Prime Minister vows to put Britain first every step of the way’ as he praised companies in the industry.

Comments suggest UK may take a more muscular approach to defence takeovers than in the past.

US private equity firm Bain Capital has tabled a 1.1bn bid to buy Chemring.

It makes crucial countermeasures to defend RAF and US Air Force jets against missiles.

Defence Secretary hints that investment rules could be relaxed further to pave the way for more UK spending in the private sector.

Mr Healey added that extra defence spending would be used to produce more weapons for troops on the ground which he described as “not good enough” at the moment.