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business investment deal

Keywords: Defence industry


Erdogan calls for removal of NATO defence barriers as Turkey seeks deeper industry role

Turkish President Recep Tayyip Erdogan has urged NATO members to remove restrictions affecting defence cooperation between allies, arguing that greater industrial integration is essential to strengthening the alliance’s security capabilities. Speaking at the opening of the NATO leaders’......

South Korea seeks deeper NATO defence industry partnership through joint innovation

South Korean President Lee Jae Myung has called for a broader defence industry partnership with NATO allies, proposing expanded cooperation in advanced technology research, weapons development and joint production programmes. Speaking at the NATO Summit's Defence Industry Forum in Ankara, Lee said......

Diehl Defence develops longer-range IRIS-T system to ease dependence on Patriot missiles

German defence manufacturer Diehl Defence is developing a new long-range version of its IRIS-T air defence system that could reduce the need for the limited supply of Patriot interceptor missiles, according to the company's chief executive. Speaking during a presentation of the Diehl industrial......

Lockheed Martin and Rheinmetall plan first ATACMS missile production outside U.S. in Germany

U.S. defence giant Lockheed Martin and German defence company Rheinmetall have signed an agreement to jointly produce ATACMS missiles in Germany, marking the first planned manufacturing of the short-range ballistic missile system outside the United States. The two companies announced on Tuesday that......

Delay in UK defence investment plan weighs on military supply chain

Britain's prolonged delay in publishing its long-awaited Defence Investment Plan has created growing uncertainty across the country's defence industrial base, with suppliers warning that postponed procurement decisions are disrupting investment and weakening domestic manufacturing capacity. The......

Canada invests in Greenland critical minerals project to strengthen strategic supply chains

Canada has announced financial support for a major mining project in Greenland, reinforcing Western efforts to secure reliable supplies of critical minerals used in defence, aerospace, energy, and advanced manufacturing. The Canadian government will provide C$7 million (approximately US$4.9 million)......

Man detained in France over alleged espionage on drone factory for Russia

A 48-year-old man has been placed in pre-trial detention in France after being accused of spying on a drone manufacturing facility allegedly on behalf of Russia, according to the Paris prosecutor’s office. The suspect, born in Belarus, was arrested on June 3 while reportedly filming a prototype......

Renault partners with Thales to produce military drones for French defence sector

French automotive manufacturer Renault has announced a new partnership with defence technology company Thales to produce military drones, marking a significant expansion of the carmaker’s activities into the defence sector. Under the agreement, Renault will manufacture remotely operated loitering......

Daimler Truck launches defence brand backed by major investment push

Daimler Truck has announced the creation of a dedicated defence business unit as part of a broader strategy to expand its role in the military and security vehicle sector, supported by a substantial multi-million-euro investment program. The German manufacturer confirmed that its global defence-related......

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