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Defence Industry
European Defence Giant Calls for Local Military Procurement to Match US Strategy
The European Union should mirror American approaches by advocating increased local procurement of military equipment to strengthen regional defence capabilities, according to a prominent German defence contractor.
Oliver Dörre, chief…
Defence Industry Merger Activity Set to Soar as Tech Investment Takes Centre Stage
Global defence contractors are poised for a significant surge in merger and acquisition activity, driven by expanding cash reserves and an urgent need to invest in cutting-edge technologies including artificial intelligence, advanced drone…
UK Defence Industry Skills Crisis Looms as Typhoon Orders Stall
The future of Britain's defence manufacturing capabilities hangs in the balance as BAE Systems' historic Warton facility in Lancashire faces uncertainty over its Typhoon fighter jet programme. The factory, which has been a cornerstone of…
UK Services Export Growth Set To Hit Record £500bn As Eastern European Nations Close Economic Gap
British services exports are projected to reach a historic milestone of £500 billion in 2025, marking a remarkable doubling of foreign business over the past decade. The surge is primarily driven by the nation's robust finance, legal, and…
Tech Giants Unite to Challenge Traditional Defence Contractors in 850bn Dollar Market
Leading US defence technology companies Palantir and Anduril are orchestrating a significant shift in the military-industrial landscape by forming a powerful consortium aimed at securing government contracts. The alliance, set to be…
Silicon Valley Tech Giants Unite to Challenge Traditional Defence Contract Hierarchy
Two of America's leading defence technology companies, Palantir and Anduril, are orchestrating a groundbreaking consortium with prominent tech organisations to compete for lucrative US government contracts, challenging the long-standing…
EU Launches €10 Billion Euro Space Programme To Challenge Starlink Dominance
The European Union has embarked on an ambitious €10 billion space initiative, unveiling plans for a constellation of 290 satellites designed to rival Elon Musk's Starlink network. This strategic move marks a significant development in…
NATO European Members Consider Defence Spending Increase to 3 Percent of GDP
European NATO members are engaged in discussions about a significant increase in defence spending, potentially raising the alliance's target from 2 to 3 percent of GDP. The talks, which began during a recent meeting of alliance foreign…
Europe Contemplates €500 Billion Euro Defence Fund Amid US Security Concerns
European Union nations are deep in discussions regarding a proposed €500 billion joint defence fund, marking a significant shift in the continent's military financing strategy. The ambitious plan, which would utilise bond markets to boost…
Qatar Signals Intent to Purchase 12 Additional Typhoon Fighter Jets in British Defence Deal
The Gulf state of Qatar has announced plans to acquire 12 more Eurofighter Typhoon aircraft from Britain, addressing concerns about potential workforce gaps in UK assembly operations. This commitment emerged following diplomatic talks…
UK Cyber Defence Capabilities Face Critical Shortfall as Threats Multiply
The United Kingdom's cyber defence capabilities are struggling to keep pace with escalating threats, as artificial intelligence and widely accessible technologies fuel an unprecedented surge in attacks, according to alarming new findings…
BAE Systems Shares Plunge 2bn as Musk Efficiency Drive Sparks Defence Spending Concerns
British defence giant BAE Systems witnessed a staggering £2 billion market value erosion as investors reacted to concerns over Elon Musk's proposed government efficiency programme, which could potentially impact US military spending.
The…
UK Serious Fraud Office Launches Joint Bribery Investigation into Thales Defence Group
The Serious Fraud Office (SFO) has initiated a significant investigation into defence company Thales regarding allegations of bribery and corruption. The probe, announced on Thursday, marks a collaborative effort between the UK agency and…
UK Military Cuts Older Assets in £500 Million Pound Defence Savings Plan
The United Kingdom's defence sector is set to undergo significant restructuring as Defence Secretary John Healey announces plans to retire ageing military assets, targeting £500 million in savings over the next five years.
The…
Chinese Bulk Carrier Under Investigation After Baltic Sea Cable Damage Raises Security Concerns
Swedish authorities have launched an investigation into a Chinese-registered vessel's movements coinciding with the severance of two critical undersea data cables in the Baltic Sea, marking the latest in a series of infrastructure security…
Taiwan Mulls Significant Defence Package to Curry Favour with Trump Administration
Taiwan is contemplating a substantial military procurement package from the United States, signalling its commitment to bolstering defences against China as Donald Trump potentially returns to office. The proposed acquisitions include the…
Chinese Government Ordered to Sell UK Chipmaker Stake After Russian Tank Discovery
The British government has issued a decisive order forcing a Chinese technology company to divest its majority stake in a UK-based semiconductor manufacturer. This landmark decision follows revelations that the company's microchips were…
British Aerospace Pioneer Reaction Engines Falls Into Administration After Funding Crisis
In a significant blow to British aerospace innovation, Reaction Engines has entered administration following unsuccessful attempts to secure vital funding, marking the end of its ambitious vision to revolutionise air travel through…