Keywords: Defense industry
Private equity firm Arcline Investment Management has stepped back from its bid to acquire British aerospace and defense supplier Senior Plc, narrowing the list of potential buyers. Despite this withdrawal, interest in the company remains strong, with other investors continuing negotiations. Senior......
Global tungsten prices have soared to record levels after China tightened export restrictions on the strategic metal, triggering supply shortages that are affecting defense and technology industries worldwide. The price of ammonium paratungstate, the main benchmark for tungsten trading, has climbed......
Turkish defense company Baykar and Italian aerospace leader Leonardo have announced plans to produce medium-sized unmanned aerial vehicles (UAVs), marking a significant step in European drone manufacturing. The first drones are expected to be unveiled in April. According to Leonardo CEO Roberto Cingolani,......
Defense companies on Wall Street reached new record levels as the military campaign involving the United States and Israel against Iran entered its second week, driving investors toward aerospace and weapons manufacturers expected to benefit from rising global defense spending. Shares of Lockheed Martin......
The French government has acquired a preferential "golden share" in the defense company LMB Aerospace following its sale to an American firm, according to a decree published in the Official Journal on Sunday. This move gives France a veto right over decisions that could affect its strategic......
Russia’s Federal Security Service (FSB) announced on Tuesday that it had prevented what it described as a planned “terrorist attack” targeting a senior executive at a defense company. According to Russian authorities, special forces units intervened during an operation to detain a......
A joint unmanned aerial vehicle (UAV) program between Türkiye and Italy is nearing a key production milestone, with the first medium-class systems expected to roll out in the coming weeks. The partnership brings together Turkish drone manufacturer Baykar and Italian aerospace and defense group......
Türkiye’s ambassador to Nigeria, Mehmet Poroy, held talks with Nigeria’s defense minister, Christopher Musa, in Abuja to explore avenues for expanding cooperation in defense and security. According to a statement issued by the Turkish Embassy, the discussions centered on strengthening......
North Korea has revealed its newly produced 600mm-caliber multiple rocket launchers in a high-profile ceremony in the capital Pyongyang, ahead of the upcoming congress of the ruling Workers' Party of Korea. The event highlighted the country’s continued emphasis on military modernization and......
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