European defense firms book double-digit growth amid war in Ukraine
The sector also saw employment swell by 8.9 percent to reach a head count of 581,000, according to the pan-European industry group ASD.
Pentagon
AeroVironment to acquire BlueHalo for $4.1 billion
The merger is expected to close in the first half of calendar year 2025.
Kongsberg wins biggest-ever missile contract from US Navy, Marines
The Norwegian company will provide its Naval Strike Missile, which is being installed on the Navy’s Littoral Combat Ships and Constellation-class frigates.
France taps defense-industry retirees to keep arms flowing during war
The idea behind the reserve is to create a pool of skilled experts that can be activated to train others or help boost production.
Iveco to get a piece of Italy’s massive combat vehicles, tanks program
Iveco said it would be looking to offer its capabilities in “advanced propulsion and drivetrain systems to highly specialized protection technologies.”
Army awards contract to build new TNT production facility in Kentucky
The U.S. has picked a location to restart its TNT production domestically as it races to ramp up 155mm production.
Army’s long-range assault aircraft fuselages to be built in Kansas
Bell will churn out fuselages for the Army's Future Long Range Assault Aircraft in the sunflower state.
Boeing factory strike ends as machinists vote to accept contract
The aerospace giant's unionized machinists voted to accept a company contract offer that includes a 38% wage increase over four years.
France looks to boost export financing to help mid-sized defense firms
French public investment bank Bpifrance wants to increase the amount of export financing it can provide to small and medium-sized defense firms.
Turkey, Indonesia advance joint armor lineup with new troop carrier
FNSS executives unveiled the conceptual design for the envisioned troop transporter, dubbed “Kaplan,” at the Istanbul Saha Expo arms fair in late October.
US Army buys long-flying solar drones to watch over Pacific units
Kraus Hamdani Aerospace has won a Pentagon contract to provide K1000ULE solar-powered unmanned aircraft to the Army and Joint Special Operations Command.
Czech Republic picks Embraer C-390 cargo planes for its air force
Prague secured participation of local companies in the deal with the Brazilian vendor to the tune of $80 million, officials said.
Boeing machinists reject labor contract, extending strike
The labor standoff comes during an already challenging year for Boeing, which became the focus of multiple federal investigations earlier this year.
Engine maker Renk opens shop in Italy ahead of armor spending frenzy
The move to Italian tank hub La Spezia will put Renk in “a strategically important region,” close to “Italian customers and partners,” said the firm.
Army moves ahead on plans to replace storied Bradley Fighting Vehicle
The program to replace the venerable Bradley infantry fighting vehicle is expected to cost $45 billion.
RTX to pay more than $950M to resolve Qatar bribery, fraud claims
According to court documents, company employees offered and paid bribes to secure contracts with the Qatar Emiri Air Force and Qatar Armed Forces.
PrimerAI introduces ‘near-zero hallucination’ update to AI platform
An AI company says it's figured out a way to get its platform to make almost zero mistakes when assessing data.
