S.Korean Hanwha Group Set to Acquire Daewoo Shipbuilding in a $1.39 Billion...

September 26, 2022 @ 12:32 PM

South Korea's Hanwha Group signed a conditional memorandum of understanding (MoU) with Daewoo Shipbuilding & Marine Engineering (DSME) to acquire a controlling stake of 49.3% and managerial control of the shipbuilder

Saab Picks Minority Shareholding in Swedish Electric Aircraft Maker, Heart Aerospace

September 16, 2022 @ 08:07 AM

Saab has committed to becoming a minority shareholder in the Swedish electric aircraft manufacturer Heart Aerospace with a $5 million investment. Saab and Heart Aerospace have also signed a collaboration agreement regarding the supply of subsystems and the exploration of further areas of collaboration, including certification and manufacturing

AeroVironment Acquires UAS Navigation Solutions Provider ‘Planck’

August 18, 2022 @ 08:27 AM

AeroVironment has acquired Planck Aerosystems, Inc. (“Planck”), a provider of advanced unmanned aircraft navigation solutions

Israel’s Rafael Acquires U.S.-Based Electro-Optic Systems Manufacturing Company ‘PVP AEO’...

July 5, 2022 @ 06:23 AM

Israels Rafael Advanced Defense Systems Ltd. said it has completed the acquisition of PVP Advanced EO Systems, Inc

Leonardo DRS, Israeli Electronics Firm RADA Announce Merger

June 22, 2022 @ 10:20 AM

Leonardo DRS, the U.S

Russian Successor to McDonald’s Picks New Logo

June 10, 2022 @ 03:10 PM

The fast-food service, which will replace America's McDonalds in Russia, has selected a new logo. Sistema PBO, the company that now manages the Russian business previously owned by McDonalds, is preparing to reopen its first string of restaurants in Moscow on June 12

Rheinmetall, KMW Form JV in Lithuania to Maintain NATO Armored Vehicles

June 8, 2022 @ 07:42 AM

Rheinmetall and Krauss-Maffei Wegmann (KMW) have established a joint venture in Lithuania for providing comprehensive logistical support for combat vehicles belonging to the NATO nations stationed in the Baltic States. Known as Lithuania Defense Services, the company will commence operations in Jonava in May 2022

Poland, Czech Republic Discuss Joint Defense Equipment Procurement

June 7, 2022 @ 09:20 AM

The defence ministers of Poland and the Czech Republic signed an agreement on mutual military cooperation and the arms industry. On Friday, the June 3th in Prague, Minister Mariusz Blaszczak took part in intergovernmental Polish-Czech consultations, during which he met with the Czech Minister of Defence, Jana Cernochova

Lumibird to Acquire Saab’s Laser Rangefinder Business

June 1, 2022 @ 03:59 AM

Saab AB and European Lumibird SA completed a transaction Tuesday whereby Lumibird, through a newly established Swedish subsidiary based in Gothenburg, is acquiring Saabs laser rangefinder business. The transaction, which was signed in March 2021, was subject to a number of conditions, all of which now have been fulfilled

Kalashnikov Rifle Manufacturing in India Going as Planned, Delayed in Venezuela

May 27, 2022 @ 12:00 PM

Plans to manufacture the Kalashnikov rifles in India is going as per plan but is hit by delays in Venezuela, Vladimir Lepin, general director of the company was quoted as saying in a report by