Leonardo, Rheinmetall in JV for Italian Tank, Lynx Infantry Vehicle
Leonardo and Rheinmetall have signed an MoU to form a 50:50 joint venture for developing and commercializing new land defense systems, including a Main Battle Tank and the Lynx Platform for the Italian Army. In particular, the future joint venture - headquartered in Italy - will be the Lead System Integrator,...
John Cockerill Defense Buys French Military Vehicles Supplier ‘Arquus’
John Cockerill Defense announced Tuesday the conclusion of the acquisition process of Volvo Groups Arquus, the French supplier of military vehicles. The conclusion of the operation comes as France and Belgium recently signed a Memorandum of Understanding to support and oversee this alliance, with both states each entering at 10% in...
Boeing Acquires Spirit AeroSystems for $8.3B, Airbus to Take Over its Manufacturing...
Video Boeing today announced a definitive agreement to acquire Spirit AeroSystems, a key supplier of sub-assemblies for both Boeing and Airbus
Safran-MTU Joint Venture to Develop Engines for Future European Military Helicopters
Safran Helicopter Engines and MTU Aero Engines have signed a cooperation agreement to establish a 50/50 joint venture named EURA (European Military Rotorcraft Engine Alliance). This new entity, which aims to develop engines for military helicopters, will be based at Safran Helicopter Engines headquarters in Bordes, France
Patria Acquires Nordic Drones to Enhance Unmanned Aerial Systems Capabilities
Patria has signed a bill of sale on Thursday to acquire the entire share capital of Nordic Drones Oy, a Finnish drone pilot trainer and manufacturer specializing in professional drones. The value of the acquisition has not been disclosed
Indonesia’s PT Len Industri, Thales Form Joint Venture to Develop Surveillance Radars...
Thales is forming a joint venture with Indonesian defence firm PT Len Industri to collaborate on air surveillance radars, Command & Control systems, and a national Air Operations Centre. A Centre of Excellence, the first of its kind in Indonesia, will be created to meet the air surveillance requirements of the Indonesian Air Force, enhancing airspace protection capabilities
Fincantieri Buys Leonardo's Submarine Business for €415M
Italian shipbuilder Fincantieri announced on Thursday the acquisition of Leonardo's Underwater Armament Systems (UAS) for an enterprise value of €415 million. The
Airbus Finalises Acquisition of Flexrotor VTOL UAS Developer ‘Aerovel’
Airbus announced Tuesday that it has finalised the acquisition of U.S
Czech Firm, RSBC Group Acquires Austrian STEYR ARMS
RSBC Investment Group has completed the acquisition of STEYR ARMS, the Austrian firearm manufacturer, on April 23. RSBC Group has acquired 100% ownership of STEYR ARMS from its previous owner, SMH Holding GmbH
L3Harris Sells Antenna Business for $200M
L3Harris Technologies has signed an agreement under which an affiliate of Kanders & Company, Inc. will acquire its antenna and related businesses for $200 million
Austal Confirms Receipt of Conditional Acquisition Proposal from Hanwha Ocean
Austal Limited confirmed on April 1, that it received an unsolicited, conditional, and non-binding indicative proposal from Hanwha Ocean Co., Ltd
Belgium Gets U.S. Clearance to Buy Small Diameter Bombs for F-35 Jets...
Hanwha Introduces New KF-21 Engine Prototype at FIA-24
Russia's UEC Opens Plant to Speed up Engine Production for MC-21, SSJ...
Israel Aerospace Unveils ‘WIND DEMON’ Stealthy Air-To-Surface Cruise Missile at FIA-24
NATO’s Intensified Exercises a Prep to Attack Russia?
Recent NATO exercises such as the BALTOPS-24, Steadfast Defender 2024 and its first-ever Basic Fighter Maneuvers exercise have been its...
Precision in the Skies: The Evolution of Loitering Munitions
Loitering munitions - drones that hover over a target and blow up near it - have become the weapon of...
Is the Patriot Air Defense System Outdated?
After Israel revealed its decision to decommission its U
Russia's Growing Influence in Africa: Arms Sales and Military Bases
Russia's expanding influence in Africa, demonstrated by arms sales, military deployments, and diplomatic engagements, reflects a significant geopolitical shift on...
Development Trends in Unmanned Surface Vessels
Unmanned surface vessels (USVs) have caught the attention of the world following their spectacular success in sinking Russian warships in...