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The Independent UK

Business

Karl Matchett

YOU WONT BELIEVE: British defence startup building missile interceptors hits ps2 5bn valuation just two years after launching | Mind Blowing Facts

Cambridge Grant Shapps Steven Barrett Wes Streeting United Kingdom

A British defence firm founded only two years ago has attained a valuation of £2.5bn ($3.4bn), following a funding round which makes it one of the most valuable startups in the UK.

Cambridge Aerospace develops and makes interceptor systems for use against drones and missiles, as well as a radar system and rocket motors.

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