Keywords: Defense industry


Defense stocks surge to record highs as US Iran war enters second week

Defense companies on Wall Street reached new record levels as the military campaign involving the United States and Israel against Iran entered its second week, driving investors toward aerospace and weapons manufacturers expected to benefit from rising global defense spending. Shares of Lockheed Martin......

French state secures "Golden Share" in LMB Aerospace after U.S. acquisition

The French government has acquired a preferential "golden share" in the defense company LMB Aerospace following its sale to an American firm, according to a decree published in the Official Journal on Sunday. This move gives France a veto right over decisions that could affect its strategic......

Russia’s security service says it foiled alleged attack on defense executive

Russia’s Federal Security Service (FSB) announced on Tuesday that it had prevented what it described as a planned “terrorist attack” targeting a senior executive at a defense company. According to Russian authorities, special forces units intervened during an operation to detain a......

Türkiye-Italy UAV partnership approaches first production milestone

A joint unmanned aerial vehicle (UAV) program between Türkiye and Italy is nearing a key production milestone, with the first medium-class systems expected to roll out in the coming weeks. The partnership brings together Turkish drone manufacturer Baykar and Italian aerospace and defense group......

Turkish ambassador meets Nigerian defense minister in Abuja

Türkiye’s ambassador to Nigeria, Mehmet Poroy, held talks with Nigeria’s defense minister, Christopher Musa, in Abuja to explore avenues for expanding cooperation in defense and security. According to a statement issued by the Turkish Embassy, the discussions centered on strengthening......

North Korea unveils 600mm rocket launcher, Kim calls it ‘world’s most advantageous weapon’

North Korea has revealed its newly produced 600mm-caliber multiple rocket launchers in a high-profile ceremony in the capital Pyongyang, ahead of the upcoming congress of the ruling Workers' Party of Korea. The event highlighted the country’s continued emphasis on military modernization and......

Havelsan exports AI-powered video analytics system to Africa

Turkish defense technology company Havelsan has successfully exported its artificial intelligence-based video analytics system, EYEMINER, to an African country, marking a significant step in the international expansion of Türkiye’s high-tech defense software sector. The export represents......

Egypt and Turkey sign $350 million defense deal for drones and weapons

Egyptian President Abdel Fattah al-Sissi and Turkish President Recep Tayyip Erdogan sealed a major military cooperation framework on Wednesday in Cairo, marking a strategic thaw between the regional powers after over a decade of strained ties. Announced following the second meeting of the Egypt-Turkey......

Türkiye seen as a vital partner for Canada, says Carney

Canadian Prime Minister Mark Carney has described Türkiye as a key strategic partner for Canada, underlining its importance within NATO and its role in a geopolitically sensitive region. Speaking at a news conference on Thursday, Carney emphasized that Ankara plays a crucial role in the transatlantic......