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Keywords: Defense


French drone manufacturer Delair expands to Morocco with new defense hub

French drone manufacturer Delair is expanding its international presence by establishing a new subsidiary in Morocco, marking a strategic step in its ambition to strengthen its footprint across Africa’s growing defense and security market. The new entity, named Delair Africa, will be based in......

Australia boosts drone spending to adapt to modern warfare

Australia is significantly increasing its investment in drone technology as part of a broader effort to modernize its defense capabilities and respond to evolving forms of warfare. Defense Minister Richard Marles announced that the government plans to allocate up to 5 billion Australian dollars in additional......

Rheinmetall and destinus team up in new missile venture

German defense company Rheinmetall and Dutch-based aerospace and defense firm Destinus have announced the creation of a new joint venture aimed at developing advanced missile systems for the European market. The new company, to be named Destinus Strike Systems, is expected to be formally established......

European defense stocks fall as Ukraine peace hopes lift builders

European defense stocks dropped sharply on Friday after Ukraine’s chief negotiator signaled progress toward a potential peace deal with Russia, prompting investors to shift toward construction and materials companies expected to benefit from postwar rebuilding. Kyrylo Budanov said in an interview......

Ukraine confirms downing Iranian drones in Middle East operations

Ukrainian President Volodymyr Zelensky confirmed that Ukrainian forces have actively intercepted Iranian-designed Shahed drones in several Middle Eastern countries, marking a significant expansion of Kyiv’s operational role beyond its own territory. Speaking to journalists during a briefing reported......

Arxis aims for multi-billion valuation in US initial public offering

Aerospace components manufacturer Arxis is preparing for a major debut on Wall Street, targeting a valuation of more than $11 billion in its planned initial public offering (IPO) in the United States. The company’s listing comes at a time when defense and aerospace-related firms are attracting......

Elbit Systems to begin drone deliveries to Romania after delays

Israel’s Elbit Systems is preparing to start deliveries of Watchkeeper X drones to Romania under a 1.89 billion lei ($428.75 million) contract, following delays that raised concerns from Romanian officials. The agreement, signed in 2022 for seven unmanned aerial systems, was originally scheduled......

Gulf states near depletion of air defense interceptors as Iran's missile campaign grinds on

Five weeks into Iran's sustained drone and missile campaign against Gulf states, the arithmetic of air defense is turning against the defenders. Gulf countries have exhausted the vast majority of their pre-war interceptor stocks repelling thousands of incoming projectiles, and resupply is falling......

Six injured in Kuwait following Iranian missile and drone strikes

Six people were injured in Kuwait on Monday after a series of missile and drone attacks attributed to Iran, local authorities reported. The incidents are part of ongoing regional tensions involving Tehran and its neighboring Gulf states. According to the Ministry of Health, emergency responders attended......

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