Category: Defence Industry
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Rheinmetall has inaugurated a new munitions factory in Unterlüss, Germany, 18 months after laying the first stone, with NATO chief Mark Rutte in attendance. The Lower Saxony government expedited permits, and nearby allotment gardens were cleared to make way for the site. The plant is designed to produce hundreds of thousands of artillery shells annually,…
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NATO Secretary General Mark Rutte said in Germany on 27 August that Europe can now produce six times more artillery shells annually than two years ago, with output expected to reach 2 million rounds by the end of this year. Rutte spoke at the opening of Rheinmetall’s artillery plant in Unterluess, described as Europe’s largest…
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Saab has signed a SEK 5.3 billion (EUR 480 million) contract to deliver four Gripen E/F aircraft and an offset package to the Royal Thai Air Force. On 25 August 2025, Saab announced it had signed a contract with the Swedish Defence Materiel Administration (FMV) to supply the Royal Thai Air Force (RTAF) with four…
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Raytheon and Diehl have agreed to collaborate on the production of Stinger missile components at a European facility. Raytheon and Diehl have entered an agreement to co-produce components for the Stinger missile system in Europe. This initiative will see key missile elements being manufactured on the continent rather than solely in the United States. The…
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Rheinmetall has been awarded a contract worth €250 million to deliver maintenance and repair services for tanks in the Czech Republic. The agreement will cover the Leopard 2A4 main battle tank as well as the BPz3 Büffel armoured recovery vehicle. Rheinmetall will be responsible for ensuring these vehicles remain operational as part of the fleet…
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Spain’s tax agency has launched an inspection into Indra, focusing on the company’s corporate income tax and value-added tax. The review covers operations from the years 2019 and 2022. Indra operates in sectors including technology and defence. The aim of the inspection is to examine compliance with tax obligations related to corporate tax and VAT…
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Thyssenkrupp shareholders have approved the spin-off of the company’s marine division, Thyssenkrupp Marine Systems (TKMS). The shareholders’ meeting on Friday saw 99.9% of present shareholders, representing almost 56% of the company’s share capital, vote in favour of the proposal. The new entity, TKMS, is set to be listed on the Frankfurt stock exchange in mid-October.…
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A group of leading financial institutions, including ING, JP Morgan Chase, and Commerzbank, are supporting the launch of the Defence, Security and Resilience Bank (DSRB) — a proposed European initiative aimed at boosting military financing. The goal is to raise £100 billion (€114 billion) to fund defence projects across Europe, according to the bank’s CEO.…
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Kongsberg has received a full-rate production contract from the United States Marine Corps for ACV-30 turrets. This contract involves the manufacture of advanced turret systems, enhancing the capabilities of the Amphibious Combat Vehicle (ACV) programme. The ACV-30 turrets are a critical component for the Marine Corps, providing enhanced firepower and operational effectiveness. This development marks…