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Keywords: Defense industry
Mercedes-Benz chief executive Ola Kallenius has said the German automaker is prepared to enter defense-related manufacturing if the move makes commercial sense. His remarks reflect a broader shift among European carmakers as the continent increases defense spending and industrial capacity in response......
Israel’s Ministry of Defense has signed a new agreement worth $34 million with Elbit Systems to develop external fuel tanks designed for F-35 fighter jets. The project aims to improve the aircraft’s operational range and flight endurance during long-distance missions. According to official......
Anduril Industries announced a major financial milestone after securing 5 billion dollars in a new investment round that doubled the company’s valuation to 61 billion dollars. The California-based defense technology company said the funding round was led by major venture capital firms Thrive Capital......
Poland has become the first member state of the European Union to sign a major loan agreement with Brussels under the Security Action For Europe (SAFE) program, securing nearly €44 billion to strengthen its military capabilities and defense industry. The agreement marks one of the largest defense......
Defense company RTX has raised its profit and revenue forecasts for 2026, citing strong global demand for weapons systems and sustained growth in its aerospace and defense businesses. The company said increased geopolitical tensions have driven higher orders for missile systems and other military equipment.......
Efforts to resolve a dispute surrounding Europe’s next-generation fighter jet program have failed to produce an agreement, adding uncertainty to one of the continent’s most ambitious defense projects. The disagreement involves companies participating in the Future Combat Air System (FCAS),......
French drone manufacturer Delair is expanding its international presence by establishing a new subsidiary in Morocco, marking a strategic step in its ambition to strengthen its footprint across Africa’s growing defense and security market. The new entity, named Delair Africa, will be based in......
German defense company Rheinmetall and Dutch-based aerospace and defense firm Destinus have announced the creation of a new joint venture aimed at developing advanced missile systems for the European market. The new company, to be named Destinus Strike Systems, is expected to be formally established......
Private equity firm Arcline Investment Management has stepped back from its bid to acquire British aerospace and defense supplier Senior Plc, narrowing the list of potential buyers. Despite this withdrawal, interest in the company remains strong, with other investors continuing negotiations. Senior......