Defense Business Brief: Dispatch from Farnborough

LONDON—Private capital is becoming a key part of the defense industrial bases on both sides of the Atlantic, but distinct “cultural differences” in the UK may stymie progress, finance experts say. Asked what the UK could learn from how private capital has rallied behind defense tech in the U.S. in recent years, Fiona Walters, CEO of Serco’s UK and Europe business, cited a sense of enthusiasm to move quickly—and to persist even when things get hard. “