I do indeed, and my hon. Friend is right. Firms such as that in her constituency hold the future of our security and our economic growth. That is why we have set up UK Defence Innovation and ringfenced it with at least £400 million in the Budget this year, with fresh freedoms. We have also doubled to £4 billion the amount of money that we will invest in British drones and autonomy over this Parliament.

UK Defence Innovation has been set up to transform defence’s innovation system. One of its priorities is to foster collaboration with small and medium-sized firms in fields beyond defence, just like A&M EDM Ltd in my hon. Friend’s constituency. I have set out my determination to see Britain become the best place to start, grow and invest in new defence companies.

The west midlands has a very proud tradition of being at the heart of British invention and engineering, and it has huge potential for the future of defence engineering and invention. In the last year, the Ministry of Defence has spent £1.7 billion directly into the region, which is the highest level for the last 10 years. The Minister for Defence Readiness and Industry, my hon. Friend the Member for Plymouth Sutton and Devonport (Luke Pollard), met with the Mayor of the West Midlands just last week to discuss what other opportunities there may be for firms such as that and areas such as that of my hon. Friend in the west midlands.

We have increased defence investment by a record amount since the end of the cold war and three years earlier than the Conservatives’ unfunded plans proposed. Since the election, we have signed over 1,000 major contracts, 84% of them with British firms. We have brought £1.7 billion of foreign direct investment into defence and won export deals that the Conservatives failed to secure. For example, on Monday, the Prime Minister and I signed an £8 billion deal with Turkey for 20 British Typhoons, which will support 20,000 jobs in the wider supply chain.