Fincantieri Acquires Leonardo’s Underwater Subsidiary
Italian shipbuilder Fincantieri will acquire Leonardo’s subsidiary, WASS, which is responsible for underwater systems development.
Investment News
Investment
Homeland Security
Investment
ASELSAN Signs a New Contract for Border Protection
ASELSAN and the Secretariat of Defence Industry (SSB) signed a new contract for border protection.
Air
Investment
Unmanned Systems
Altınay Defence to Join Stock Market
Altınay Defence Technologies is preparing to become the newest member of Borsa Istanbul after its approval from the Capital Markets Board (SPK).
Investment
Engine and Transmission
RENK Group to Establish a Manufacturing Unit in India
RENK, a company specialising in developing essential drive systems for the military, is expanding its operations in India.
Investment
Expo and Air Show
ASELSAN Opens Branch Office in Latin America
ASELSAN opened its Santiago Office in Latin America as part of its global growth strategy.
Land
Investment
Engine and Transmission
Rheinmetall Constructs a New Hybrid Facility in Hungary
Rheinmetall is establishing a new facility in Szeged, Hungary, to increase its presence in the EU and NATO partner countries.
Investment
Doğan Holding Visits Karel Company
Doğan Holding Senior management visited Karel facilities, which offers products and solutions for the electronics and defence industry, in Ankara.
Air
Investment
Engine and Transmission
GE Becomes GE Aerospace after GE Vernova Spin-Off
GE Aerospace launches as an independent public company positioned to deliver propulsion, services and systems.
Investment
Regional / Strategy
EU: United for Europe, Divided about Defence
The EU is divided into northern and southern countries regarding the proposal to issue a Eurobond for EU defence support.
Land
Investment
Otokar Announces the Romanian Bid at KAP
Romania-based “Defense Romania” recently claimed that only OTOKAR made a bid in the 4×4 armoured vehicle tender opened by Romania.
Land
Investment
France and Germany Sign MGCS Tank Development Agreement
France and Germany agreed to develop a planned next-generation tank known as the Main Ground Combat System (MGCS).
Weapon / Missile
Investment
Russia Hits Dnipro Dam with Cruise Missiles
Dnipro Dam of Ukraine in the city of Zaporizhzhia used as a hydroelectric power plant, was targeted by a Russian cruise missile strike using flare decoys.
Air
Investment
Indonesia Conditionally Returns KF-21 Boramae Programme
Indonesia returns to the KF-21 Boramae programme by agreeing to pay the debt for the development of the jet but wants to produce 48 units at PTDI.
Weapon / Missile
Investment
The EU Invests for War in Horizon
The European Commission allocates €500 million to boost 155 mm artillery shell production to strengthen the EU's defence industry.
