20th Oct 2025 13:21
(Alliance News) - Defence Holdings PLC on Monday said it has made "material progress" in product development and partner collaboration as it moves to a new phase of expansion.
Shares in the London-based software platform for defence applications were up 13% at 2.59 pence in London on Monday afternoon.
Defence said it is now engaged with "leading global technology providers and allied defence stakeholders" to develop critical systems to "strengthen national resilience and decision advantage across domains".
"This growing momentum reflects not only Defence Holdings' ability to deliver at pace, but also the increasing inbound engagement from technology, defence, and national-security communities seeking the company's expertise to help address complex, real-world capability challenges," the company said.
It added the project Ixian is progressing toward commercialisation after validation with UK defence stakeholders.
Defence Holdings said it now collaborating at "the highest echelons" of the UK defence and national security community, as well as within NATO frameworks.
The company said it continues to execute its strategy with financial discipline, and has maintained a "robust" balance sheet with "significant" headroom to support ongoing delivery.
The firm added that recruitment is under way for "key senior roles" including a chief operating officer, to allow it to "scale operations in line with growing customer engagement and programme delivery".
Defence Holdings said it is now entering "a new phase of execution and expansion".
"In under a year, we've moved from concept to capability. Defence Holdings is now delivering sovereign software that addresses real operational needs. Software that's deployable, scalable, and aligned with allied infrastructure. The most considerable change in recent months is the level of engagement. We're no longer presenting ideas from the outside; we're being brought into the core of defence transformation, working directly with those shaping the UK's and NATO's digital operating model. That shift reflects disciplined execution, credible delivery, and the calibre of the team driving it," said Chief Technology Officer Andrew McCartney.
"Our focus now is on scale - expanding our engineering capacity, deepening collaboration with hyperscalers, and embedding our technology into live defence environments to strengthen national resilience and operational advantage for the UK and its allies."
By Michael Hennessey, Alliance News reporter
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