MBDA reported €5.8B revenue in 2025, up from €4.9B in 2024. Order intake was €13.2B (70% from European customers), and the order backlog stood at €37B at year-end (Source: FlightGlobal; Breaking Defense).
MBDA delivered one-third more missiles in 2024 than 2023 and doubled production in 2025 vs 2023. The company is targeting a further +40% missile output growth in 2026, supported by a €5.8B multi-year capacity expansion programme (Source: Defense News; Breaking Defense).
Flagship programmes include the Meteor beyond-visual-range air-to-air missile (being integrated with the Lockheed Martin F-35), the Aster missile (production doubling planned 2026), and the Stratus (formerly FC/ASW) cruise/anti-ship weapon — with France + UK committed to development phase in 2025 and Italy joining the low-observable variant (Source: Janes; Defense News).
Up from €4.9B 2024; record order intake €13.2B in 2025 (70% European).
European top missile maker; production doubled vs 2023; targeting +40% output in 2026.
Multi-year capacity investment to meet European rearmament demand.
Beyond-visual-range air-to-air missile being integrated with Lockheed Martin F-35.
France + UK committed 2025 to development phase; Italy joining low-observable variant.
Build missile systems at the leading European missile manufacturer in the middle of a defence-spending supercycle (Source: Breaking Defense).
Develop the next-generation cruise/anti-ship weapon for France + UK + Italy under the Future Combat Air System programme (Source: Defense News).
Work across the most operationally relevant European missile portfolio with multi-year backlog visibility (Source: MBDA.com).
Cross-European primes ownership structure (Source: Wikipedia).
France + UK + Italy + Germany + Spain operations (Source: MBDA.com).
Concentrated R&D investment in complex missile technologies (Source: MBDA.com).
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