Latest news and articles about defense industry from NEX English
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 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.
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.
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 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 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 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 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.
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, 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.
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.
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.
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.
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.
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.
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.
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 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, 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.