Tag: defense
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Hanwha Ocean shares sink 23% as it loses bid to build Canada’s next fleet of submarines
Canadian Prime Minister Mark Carney announced Monday that Germany’s Thyssenkrupp Marine Systems would be the preferred supplier for delivering the submarines.
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NATO chief boasts European spending ahead of key summit
Under pressure from Washington, the impetus is on European NATO members at this week’s summit in Ankara to show they can deliver on defense spending commitments.
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NATO tensions are ‘growing pains,’ U.S. ambassador says as Trump presses allies
U.S. Ambassador to NATO Matthew Whitaker said NATO’s allies boosting defense spending under pressure from Trump reflects “growing pains,” not a crisis.
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‘Electronic warfare is a tech phenomenon’: Why the market is rethinking defense valuations
There’s a growing investment in newer areas of defense such as deep strike capabilities, anti-drone and unmanned systems, with different priorities for different countries.
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Trump’s calls, Ukraine’s strikes and Russia’s barrage on Kyiv put markets on alert
Trump reportedly spoke with Putin and Zelenskyy as Ukraine struck Russian targets and Moscow launched another deadly attack on Kyiv.
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‘NATO 3.0’: Defense spending pledges face the Trump test
Leaders are expected to focus on whether Europe can turn higher defense spending into military power as Washington pushes allies to shoulder more of the burden.
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Australia, Fiji sign defense alliance pact to counter China
Fiji, which had grown closer to Beijing under its former leadership, will now consult Canberra on security developments.
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Trump set to put NATO unity to the test at Turkey summit
NATO Secretary-General Mark Rutte is working to keep the alliance united and Donald Trump engaged. But disputes over burden sharing, US military commitments, and the Iran war are creating a major test for NATO unity.
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Germany: Merz rebukes Trump jab over defense at Baltic event
In a meeting with Baltic leaders, Germany’s Chancellor Friedrich Merz played up Germany’s defense spending. It comes after new criticism from President Donald Trump that Germany is lagging behind other NATO allies.
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KNDS: German-French tank manufacturer postpones IPO
The German government had been set to purchase a 40% stake in KNDS, but the prerequisite stock market flotation has been postponed. Meanwhile, a German drone start-up has raised $1 billion in fresh funding.
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