KNDS Group Announces Governance Structure to Safeguard IPO
The CEO of the KNDS Group, Jean-Paul Alary, has pledged to protect the upcoming IPO from political interference, targeting a market value between €15 and €20 billion.
defense industry
Latest news and articles about defense industry from NEX English
Anduril Raises Valuation to $61 Billion Amid Defense Funding Boom
Anduril, a leading defense technology company, has successfully raised $5 billion in a new funding round, doubling its valuation to $61 billion. This surge comes as investments in the defense sector rise due to increasing geopolitical risks.
Turkey and Japan Launch Strategic Partnership in Drone Manufacturing
Turkey and Japan have announced a strategic partnership in defense manufacturing, focusing on the development and production of unmanned aerial vehicles (UAVs). This initiative comes amid rising regional tensions, reflecting Japan's desire to enhance its defense capabilities.
Turkey Begins Exporting Heavy Machine Gun to Counter Drone Threats
Turkey's SYS Defense Company has announced the start of exports for the heavy machine gun model <strong>CANiK M3 FALCON</strong>, developed specifically to address threats posed by drones and loitering munitions. This was stated by the company's president, <strong>Zafar Aral</strong>.
Rise of Drone Industry in France: New Challenges and Hopes
France is experiencing a surge in its military drone industry, with numerous startups launching projects in this field. However, these companies face significant challenges related to weak demand and intense competition.
France Accelerates Missile Production Through Civilian Companies
General Jérôme Bellanger, Chief of Staff of the French Air and Space Force, announced the government's initiative to collaborate with civilian industrial companies to enhance missile production amid a significant ammunition shortage.
Transform Civil Technology in Ukraine into Defensive Drones
Ukrainian entrepreneur <strong>Yaroslav Agniuk</strong> has revealed a significant shift in Ukraine's civil technology sector, moving from pet entertainment devices to manufacturing <strong>attack drones</strong>. This transition reflects major changes in Ukraine's defense industry amid ongoing conflict.
Turkey Negotiates with Italy for Missile Defense Systems Amid Iranian Threats
Turkey is seeking to enhance its defense capabilities through negotiations with Italy for the joint production of European missile defense systems, following missile threats from Iran. This comes after NATO intercepted missiles launched from Iran towards Turkey.
Serbia to Produce Drones in Collaboration with Israeli Elbit
Serbia has announced plans to produce drones in collaboration with Israeli company Elbit, marking a strategic shift in its defense industry amidst rising regional tensions. This partnership aims to enhance Serbia's military capabilities and technological advancements.
European Automotive Industry Turns to Defense for Survival
The European automotive industry is facing a structural crisis due to declining demand and increased competition from Chinese companies. In response, some manufacturers are considering a return to their roots in the defense sector as a means of survival.
Launch European Program to Strengthen Defense Industry
European Union countries have announced a new action program aimed at enhancing the European defense industry. This initiative is part of increasing efforts to bolster military capabilities and cooperation among member states.
Egypt Enhances Defense Industry Localization with Foreign Partners
Egypt is working to strengthen its defense industry capabilities by localizing production in collaboration with foreign companies. This initiative aims to address regional challenges and enhance military independence.
South Korea Unveils KF-21 Fighter Jet: Will It Succeed in Sales?
South Korea has announced the completion of its new fighter jet, the <strong>KF-21 Boramae</strong>, developed in collaboration with Indonesia. The aircraft was unveiled on March 25, marking a significant step towards enhancing South Korea's position in the global arms market.
South Korea Breaks US Arms Market Dominance Amid Iran War
South Korea has successfully broken the US dominance in the arms market due to escalating tensions from the Iran war. This shift reflects strategic changes in the global balance of power.
Indian arms exports reach new record in 2025-2026
Indian Defense Minister Rajnath Singh announced that Indian arms exports have achieved a new record, valued at <strong>$4.1 billion</strong> for the fiscal year 2025-2026. This milestone reflects India's significant progress in the defense industry.
Indonesia to Acquire 48 KAAN Fighter Jets from Turkey with Foreign Funding
The Indonesian Ministry of Defense has announced plans to purchase 48 KAAN fighter jets from Turkish Aerospace Industries through foreign funding. This move aims to strengthen Indonesia's military capabilities in response to increasing regional security challenges.
KNDS NV prepares for potential IPO to raise €5 billion
KNDS NV, the manufacturer of German Leopard 2 tanks, is gearing up to attract investor interest for a potential initial public offering (IPO) that could reach €5 billion. This offering may be the largest in Europe in years, reflecting a recovery in the financial market in the region.
Israel Halts Security Purchases from France, Seeks Alternatives
The Israeli Ministry of Defense announced its decision to stop security purchases from France, aiming to explore alternatives in other European countries while enhancing reliance on local industry.
Critics Slam Rheinmetall CEO for Comments on Ukrainian Drones
The CEO of German arms manufacturer Rheinmetall faces widespread criticism for negative remarks about the advanced drone technology used by Ukraine. This comes at a sensitive time as pressure mounts on arms manufacturers to support Ukraine amid the ongoing conflict.
Zelensky Responds to Rheinmetall's Remarks on Ukrainian Drones
Ukrainian President Volodymyr Zelensky sharply reacted to comments made by Rheinmetall's CEO, Armin Papperger, who mocked Ukraine's drone industry. Zelensky emphasized the capabilities of Ukrainian women in defense, igniting widespread debate in Ukraine.
Israel announces $48 million artillery shell purchase deal
On Monday, the Israeli Ministry of Defense announced a new deal worth <strong>$48 million</strong> to purchase <strong>tens of thousands</strong> of <strong>155 mm</strong> artillery shells from the Israeli defense company Elbit Systems. This deal aims to enhance Israel's military capabilities amid rising regional tensions.
Warn of Deterrence Gap: Calls to Prepare German Army Against Russian Threats
The German Armed Forces Association warns of increasing Russian threats, emphasizing the need for the country's defense industry to be prepared for potential escalations. This comes amid rising tensions in Europe and an unstable American stance.
Address Internal Struggles Hurdling Anduril's Defense Industry Growth
Anduril, a prominent defense startup, faces significant challenges in its manufacturing operations, grappling with safety and production issues. Despite its ambitions to revolutionize the arms industry, actual performance falls short of expectations.
Volkswagen may produce parts for Israeli Iron Dome system
Reports indicate that German automaker Volkswagen is in talks with Israeli defense company Rafael to potentially convert its Osnabrück plant for defense-related parts production. This comes as the plant faces closure threats by 2027, risking around 2,300 jobs.
Volkswagen Negotiates with Rafael to Produce Iron Dome Components
Volkswagen is in talks with Israeli defense firm Rafael to manufacture components for the Iron Dome, aiming to shift production at its Osnabrück plant. This move comes as Volkswagen seeks new solutions amid challenges in the automotive industry.
Sion Power shifts to defense manufacturing amid EV market decline
Sion Power, based in Tucson, Arizona, has announced a strategic shift from electric vehicle battery production to manufacturing batteries for defense industries. This decision comes in response to rising tensions in the Middle East and increased demand for drones from the U.S. government.