Defence industry

Lockheed Martin's sales target has been raised for the entire year due to strong demand for fighter jets and its missiles, which helped the performance in the second quarter exceed expectations. The US Defence Group said that it expects…

Two of Europe's largest arms companies will form a joint venture worth €20 billion to build tanks. Leonardo and Rheinmetall announced that they would jointly develop, industrialise, and market a fourth generation main battle tank to be used…

The Nato alliance has invested $1.1bn (£870m ) in a British start-up, which is planning to launch robot factories into the space. Cardiff's Space Forge is looking to launch satellites and take advantage of the low gravity conditions to…

Airbus unveiled a new unmanned fighter jet capable of serving as a "loyal wingman", for RAF pilots who fly Eurofighter Typhoon aircraft. The European aerospace giant revealed the sleek-looking drone concept at the Berlin International…

The biggest British defence companies are in line to bid for a £1.6bn Royal Navy Supply Ship contract, amid fears that the company tasked with fulfilling it may collapse. A Government source confirmed on Thursday that rival companies…

Rishi Sunak, who announced last month a £75billion boost in funding for the British Defence Industry over the next 6 years, was disappointed. The share prices of BAE Systems, and Rolls-Royce - the two largest defence contractors in the UK -…

The head of Germany's biggest military contractor Rheinmetall has called on European countries to abandon their preference for national champions in favour of building larger, more specialised defense groups to compete against US rivals.…

In an effort to counter China, the US and Japan plan to upgrade their security alliance to its highest level since 1960 when they signed a Mutual Defence Treaty. Five people with knowledge of the situation have confirmed that President…

BAE Systems won a multi-billion-pound contract to build Australia's nuclear-powered submarines, which will boost British jobs and industry. The Australian government, as part of the Aukus Defence Pact between the UK and US, has selected…

The CEO of MBDA (Europe's largest missile manufacturer) has urged EU decision-makers to ensure the UK is included in the new strategy for the bloc to develop its defence industry, as the region seeks a response to increasing geopolitical…

BAE Systems is expected to make a profit of £3 billion this year, as the wars in Ukraine and the Middle East are boosting the company's coffers. The company, which builds the UK's nuclear submarine fleet, squadrons of fighter planes, and…

Due to the increasing geopolitical tensions, such as the conflict in Ukraine, the order books of world's largest defence companies have reached near-record highs. They have grown by over 10 percent in only two years. The analysis found…

After Denmark reversed decades-old foreign policy and became the last country in the region in which to sign an agreement on defence cooperation with Washington, the US will now be able base troops and equipment in Denmark permanently.…

Cohort is facing a backlog of orders worth £353.9m after a surge in demand The rising tensions between China, its neighbours and the United States has boosted orders for British developers of hypersonic missile defenses and submarine…