Thales remains open to pour capital on additional mergers and acquisitions after three new acquisitions worth about $4.3 billion, the French defense electronics group’s Chairman and CEO Patrice Caine told the Financial Times. The recent buyouts include the purchase of U.S. cybersecurity group Imperva for $ 3.6 billion in July, the largest since the 2017...
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Category: General News
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EU OKs Ammunition Supply to Ukraine With Groundbreaking Joint Procurement Deals
The European Defence Agency, in charge of the European Union’s Common Security and Defence Policy, has signed eight joint procurement contracts on 155 mm ammunition for Ukraine. The procurement marks the first time that the EU purchased weapons as a bloc. Twenty-five EU member countries and Norway signed a Collaborative Procurement of Ammunition agreement in...
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Joint Multibillion-Dollar Jet Fighter Development Sets 2025 Timetable for Sensors
The Global Combat Air Program of multinational companies developing a new jet fighter has set a timetable for designing its sensors, Defense News reported Monday. The radar and other sensors of the planned sixth-generation warplane, involving defense contractors from the United Kingdom, Japan and Italy, account for up to 30 percent of the value of...
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Israeli Company Smartshooter Establishes Subsidiary to Support Australian Defense Needs
Smartshooter subsidiary Smash Australia has received interest from Australia’s army and special operations command for its products designed to counter ground targets and small unmanned aircraft systems. The subsidiary showcased its products at the Army Robotics eXposition in Perth, on invitation by QinetiQ, which has integrated Smartshooter’s Smash Hopper remote-controlled weapon station into the Talon...
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Thousands of NATO Personnel Join Baltic Sea Maritime Exercises
Northern Coasts, an annual maritime exercise hosted by the German navy, has commenced in the Baltic Sea. About 30 warships and 3,200 personnel from 14 nations, including the United States and NATO member states, will participate in activities designed to build skills in amphibious operations, air defense, sea-to-land strikes and securing sea lanes. The latest iteration...
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UK Report Warns RAF Fleet Would Not Survive Full-Scale War
The British Royal Air Force’s diminished aircraft fleet would not survive a full-scale war with an equally capable adversary, according to the UK parliament’s new defense committee report. The document, published on Sunday, indicated that Britain’s fleet of 169 Typhoons and F-35s is the smallest among the four major European military powers, Defense News reported....
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Canada to Probe Potential Foreign Interference in 2019, 2021 Elections
The Canadian government has selected a Quebec Court of Appeal judge to lead an investigation into possible interference by foreign countries, such as Russia and China, in Canada’s democratic institutions and federal general elections held in 2019 and 2021. Marie-Josee Hogue, puisne judge of the Quebec Court of Appeal, has been appointed as the commissioner...
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Report: China to Raise $41B Fund to Develop Advanced Chips
The China Integrated Circuit Industry Investment Fund, also known as the Big Fund, is planning to launch its third investment initiative supporting the country’s development of advanced semiconductors. People familiar with the matter told Reuters that China’s state-owned fund aims to generate investments worth $41 billion, a significant increase compared to the previous funds worth...
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Poland Boosts Naval Strike Capability With Kongsberg Missiles Worth $1.49B
Norway’s Kongsberg Defence & Aerospace has won a $1.49 billion contract to supply Poland with four Naval Strike Missile Coastal Defense System squadrons. Both land- and sea-based platforms can launch the NSM fifth-generation strike missile, for delivery to or already in use in 12 countries. It was initially developed for the Norwegian Navy. The NSM...
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Ukraine Anti-Aircraft Tanks To Receive Ammunition Supply From Rheinmetall
Duesseldorf-based arms company Rheinmetall has started shipments of 35 mm ammunition for the German-made Gepard anti-aircraft tanks deployed in Ukraine, with 40,000 rounds expected to be delivered by the end of 2023. The Federal Ministry of Defence awarded the contract in mid-February, guaranteeing a supply of up to 300,000 rounds of ammunition for Ukrainian troops....