MBDA and the UK Ministry of Defence have renewed their strategic partnership on complex weapons for a further decade, with a renewed Portfolio Management Agreement (PMA). 

Known as PMA2 and worth at least £6.5 billion, the agreement will deliver complex weapons to the UK Armed Forces faster, at lower cost and with greater agility. PMA2 will also support British jobs, skills and industrial investment.

The new agreement confirms MBDA as the MOD’s preferred supplier of complex weapons. Its framework will drive a further £2 billion in benefits while enhancing current capabilities. The new agreement also is anticipated to deliver new systems such as the Future Cruise and Anti-Ship Weapon (FC/ASW), Land Precision Strike and continue the evolution of Meteor.

The PMA2 incorporates a decade of learning into the running of the complex weapons portfolio. It includes a number of measures to enhance performance including, improved commercial agreements, acceleration of procurement processes and enabling ‘always-on’ manufacturing.

The original PMA secured a strong and innovative British industrial base. While providing the UK with the freedom of action to respond to conflicts on its own terms, the original PMA also produced confirmed savings of £2.6 billion. With the UK seen as a strong partner, the original PMA also supported international collaborations and saw UK exports grow by 6.5 times. 

According to MBDA, today more than 5,500 people work at MBDA UK sites in the North-West, East and the South-West of England, nearly doubling the workforce since 2010. MBDA’s work also supports thousands of further jobs in the ecosystem of the UK’s supply chain. 

The value of the PMA model has enabled MBDA to invest over £550 million in the UK, including a new manufacturing site in Bolton. PMA2 will see a further £500 million of MBDA investment in British manufacturing and technologies.

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