Paragon Now Part of Defence Innovation Cluster
Paragon Engineering are now a part of the Defence Innovation Cluster.
Paragon Engineering and Logistics have moved directly into the wider defence market as part of its sustained growth and business resilience strategy. The MOD has the largest external spending budget in the UK Government and currently has 6,600 contracts with a total value of £212 B, the UK has the third largest annual spend in the world at £51 B or 2% GDP (USA has the largest at £438 B and 3% GDP).
The MOD is seeking to develop new non-traditional defence suppliers into participating in procurement programmes across their supply chain, for Paragon this is the new opportunity.
Paragon is now part of a growing, select group of complementary (not in competition) international businesses called the ‘Defence Innovation Cluster’ which in combination have proved to be an irresistible one-stop-shop for defence contractors, this has already triggered engagement with primes and tier 1 manufactures who want a single point of contact, a collective offer, collaborative solutions and quality introductions to new suppliers with capacity to grow and fresh approaches and methods.
Click here to view the overview PDF.