European Commission Proposes €5.5 Billion Fund For Defence Procurement, Tech Development

June 7, 2017 @ 02:21 PM

The European commission today proposed to mobilise €5.5 billion per year as part of unified defence fund to boost Europe's defence capabilities and to coordinate, supplement and amplify national investments in defence research, in the development of prototypes and in the acquisition of defence equipment and technology,

Hackers Hit Organizations Worldwide Using US Security Agency Software Tool

May 13, 2017 @ 01:09 PM

Hackers using software tools developed by US National Security Agency have made cyber attacks Friday on many countries, disrupting global shipper FedEx, Britains health system and freezing computers at Russias Interior Ministry. Transmitted via email, the malicious software locked British hospitals out of their computer systems and demanded ransom before users...

Norway To Receive Kongsberg Maritime's HUGIN Underwater Autonomous Systems

March 28, 2017 @ 04:35 PM

Norways Kongsberg Maritime has signed a $18.2 million contract with the countrys Defence Materiel Agency (NDMA) to deliver four complete HUGIN AUV systems (Autonomous Underwater Vehicles) for detection, classification and identification of mines

US Required To Clarify Its Policy Towards NATO, Europe: German Defense Minister

January 20, 2017 @ 09:17 AM

German Defense Minister Von der Leyen while defending NATO and the transatlantic relationship on Wednesday, has sought for clarification from the incoming US Trump Administration regarding its policy towards Europe. Questions on transatlantic relations abound as Donald Trump prepares to take over the White House

Defense Stocks Soar With Trump Victory

November 10, 2016 @ 11:20 AM

The victory of Republican Party in the US presidential election has soared the defense stocks all around the world. The US firms - Northrop Grumman, Lockheed Martin and Raytheon have gained about 5

Germany To Nearly Double Defense Spending

October 17, 2016 @ 07:06 PM

Germany will be increasing its defense spending to 2 per cent from their economic output in line with an agreement that NATO states reached in 2014. “Germany would drastically increase defense spending in the coming years to move towards the NATO target for member states to spend 2 percent of their economic output on defense,” German Chancellor Angela Merkel said Saturday

US Could Impose $10 Billion Retaliatory Duties Against Airbus For Receiving $22bn...

September 23, 2016 @ 03:17 PM

US is likely to impose $10 billion a year retaliatory duties against Airbus, following the World Trade Organization rule that the EU has failed to comply with its obligation to remedy the massive subsidies European governments have provided to Airbus for more than 40 years. “The next step for the US is to obtain WTO authorization to impose billions in retaliatory duties

Brexit Could Scale-back European Defense Spending

June 24, 2016 @ 09:03 AM

British exit (Brexit) could slowdown collaboration and purchases across Europe. Brexit will make European countries to scale back defense spending and also prompt companies across Europe to rethink their strategic goals

Five Firms Win $500 Million US Army Base Construction Contract

November 10, 2015 @ 11:12 AM

The five construction firms have won $500 million worth contract from the US army to build new facilities on military bases worldwide. The work will be performed at US government locations worldwide and is expected to be complete by November 8, 2023, the department of defense announced today

Rheinmetall’s Defence Records Sharp Growth In 9 Month Earnings

November 5, 2015 @ 01:31 PM

The Rheinmetall Groups Defence sector generated sales of Euro 1.6 billion in the first nine months of 2015

UK Plans 166bn Pounds Spend On Aircraft Carriers, Subs

October 23, 2015 @ 12:08 PM

The UK Ministry of Defence has published its latest equipment plan for spending 166 billion Pounds on new equipment including aircraft carriers and submarines over the next decade. The Spending plan is a part of a stable base for the Strategic Defence and Security Review (SDSR) of the UK Ministry of Defense The ministry has published the third annual update on Defence Equipment Plan after an independent audit found the cost of the departments 13 biggest equipment programmes fell by 247m pounds last year

EU To Define 'Rules of Engagement' For Intercepting People-smuggling Boats

September 14, 2015 @ 02:50 PM

EU officials are set to draft rules of engagement for intercepting people smuggling vessels in the Mediterranean Sea. The interception is part of the Phase two of the anti-people smuggling project of the EU which "provides for the search and, if necessary, diversion of suspicious vessels" in international waters and is expected to start in mid-October