Missile maker MBDA buys Safran’s stake in rocket-engine supplier Roxel
The deal gives Europe’s largest tactical-missile vendor full control over its main supplier of propulsion, a key asset in an industry prone to bottlenecks.
Europe
Italy sells Piaggio Aerospace to Turkish drone maker Baykar
The choice of a Turkish buyer for an Italian aviation firm is a remarkable turnaround given Italy’s traditional heft in the aviation industry.
US Army extends Palantir’s contract for its data-harnessing platform
The Army is poised to grow Vantage, its major data platform, by awarding Palantir a $400 million contract to continue its expansion across the force.
French, Turkish naval companies tinker with torpedo interceptors
Some experts believe that only hard-kill countermeasures will be able to keep warships safe from torpedoes in the future.
Defense tech firms establish AI-focused consortium
The consortium is led by Anduril and Palantir and comes amid a flurry of recent partnership announcements involving the two firms.
BAE wins $2.5B deal to supply more CV90 vehicles to Denmark, Sweden
Denmark and Sweden are collectively spending $2.5 billion to bolster their CV90 combat vehicle stock while still supplying more vehicles to Ukraine.
Safran plans significant US expansion of defense and space business
Safran has announced major plans to grow its defense and space business in the U.S. to include increased manufacturing and technology development.
German arms industry plan seeks fresh boost for a sector once shunned
A new government strategy names specific areas deemed key national competencies for Berlin that must be maintained domestically.
KNDS, Europe’s biggest tank maker, names Safran veteran Alary as CEO
The company faces competition from rival and partner Rheinmetall, which is pushing a competing offer for the delayed Main Ground Combat System.
Italy’s small defense firms ride high amid military spending boon
Family-run firms have long been the backbone of Italian capitalism, pushing the country to become the eighth biggest manufacturing power in the world.
US Army fires Precision Strike Missile in salvo shot for first time
The Army and Lockheed Martin head into soldier user testing next month following qualification testing including the double shot from a HIMARS launcher.
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.
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.
