BAE sales boosted as world moves to war footing

4 days, 16 hours ago

Warning North Korea can produce ballistic missiles for Russia ‘in months’

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy North Korea has demonstrated that …

Ukraine Russia Missile North Korea Council Security Council North

5 days, 2 hours ago

Germany doubles arms exports to Ukraine, halves them to Israel in 2024

The Hindu

The German government has doubled its arms exports to Ukraine this year and halved them to Israel compared to 2023, data from the economy ministry showed on Wednesday. Being the main recipient country, Ukraine will have received weapons and other military equipment worth 8.1 billion euros, up from 4.4 billion euros last year. Germany has so far approved arms exports …

Ukraine Germany Israel Euros German

6 days, 2 hours ago

Global arms sales rise to $632 billion in 2023, up 4.2% from 2022: Report

India Today

The Stockholm International Peace Research Institute has revealed that global arms sales surged to $632 billion in 2023, marking a 4.2 per cent increase from 2022. A significant trend noted in the report is the expansion of arms revenues among a higher number of companies, with 73 companies in the SIPRI Top 100 Arms-Producing and Military Services Companies 2023 reporting …

India Defence Indian 2023 Companies Report Revenue Increase Global Arms Sales

1 week, 3 days ago

Companies from UK, Italy and Japan to form joint venture for new fighter jet

Associated Press

LONDON — The three companies building a next generation fighter jet for the U.K., Italy and Japan revealed Friday that they are forming a joint venture to deliver the aircraft. Under the agreement, Britain’s BAE Systems, Italy’s Leonardo and Japan Aircraft Industrial Enhancement will each own a third of the new joint venture, which will be subject to regulatory approvals. …

Italy Japan Joint Venture Partner Nations

3 weeks ago

Top 100 arms makers' sales hit record high

China Daily

The world's top 100 arms manufacturers reported revenues of $632 billion in 2023, marking a 4.2-percent increase from the previous year, according to figures released by a global think tank on Monday. "The arms revenues of the top 100 arms producers still did not fully reflect the scale of demand, and many companies have launched recruitment drives, suggesting they are …

Ukraine Companies Sales Manufacturers Arms Revenues Sipri

3 weeks ago

Top 100 arms makers' sales hit record high

China Daily

The world's top 100 arms manufacturers reported revenues of $632 billion in 2023, marking a 4.2-percent increase from the previous year, according to figures released by a global think tank on Monday. "The arms revenues of the top 100 arms producers still did not fully reflect the scale of demand, and many companies have launched recruitment drives, suggesting they are …

Ukraine Companies Sales Manufacturers Arms Revenues Sipri

3 weeks ago

Arms producers saw revenue up in 2023 with the wars in Ukraine and Gaza, a new report says

Associated Press

STOCKHOLM, Sweden — Major companies in the arms industry saw a 4.2% increase in overall revenue in 2023 with sharp rises for producers based in Russia and the Middle East, a new report said Monday. The report by the Stockholm International Peace Research Institute, or SIPRI, said revenues from the top 100 arms companies totaled $632 billion last year in …

Ukraine Russia Companies Revenue Gaza Report Billion

3 weeks, 1 day ago

Wars, regional tensions boost arms sales around the world: Report

Firstpost

Sales of arms and military services by the world’s 100 largest arms companies totalled $632 billion in 2023, up 4.2 per cent, according to a report by the Stockholm International Peace Research Institute People check the site on an Israeli strike at a house in Nuseirat in the central Gaza Strip on November 22, 2024, amid the ongoing war between …

Ukraine Russia World Companies Sales Gaza Report

3 weeks, 1 day ago

Russia races ahead of NATO in weapons production for Ukraine war: SIPRI

Al Jazeera

Despite a defence budget 10 times Russia’s, new report lays bare how NATO is unable to turn spending power into firepower in a crisis. New research shows that the revenues of Russia’s top defence contractors outpaced those of their United States and European counterparts last year, as they increased weapons production more effectively than their Western rivals. While Russia’s leading …

War Ukraine Defence Supply Weapons Production Russian

3 weeks, 4 days ago

Biden to leave Trump with billions for Ukraine weapons

Live Mint

The Biden administration doesn’t have enough time left to use the billions of dollars lawmakers have authorized to arm Ukraine, U.S. and congressional officials said, leaving in President-Elect Donald Trump’s hands what to do with the remaining money. The administration still has more than $6.5 billion left in what is known as drawdown authority, which allows the Defense Department to …

Defense Ukraine Russia Congress Trump Weapons Administration

4 weeks ago

Borussia Dortmund CEO defends club’s sponsorship deal with Germany’s biggest arms manufacturer

The Hindu

Borussia Dortmund chief executive Hans-Joachim Watzke has defended the Bundesliga club’s controversial sponsorship deal with Germany’s biggest arms manufacturer despite strong criticism from fans. The Rheinmetall deal was a major issue at the club’s AGM on Sunday, when members were greeted by two mock tanks and an information stand against the agreement as they arrived at the venue. Dortmund’s three-year …

Germany Dortmund Club Deal Rheinmetall Watzke

1 month, 1 week ago

TikTok parent ByteDance's valuation hits $300 billion: Report

Hindustan Times

TikTok's parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed by Reuters. Buy TikTok Followers: 5 Best Sites For Real Growth ByteDance reached out to investors in recent weeks, offering a price of $180.70 per share, the …

Tiktok Buy Bytedance

1 month, 1 week ago

Amid war efforts, Ukraine advances arms production with three new JVs with European firms

Firstpost

Deputy Prime Minister Yulia Svyrydenko, who is also the economy minister, said five joint ventures with Western weapon producers had already been set up, including with German and Lithuanian companies Ukrainian First Deputy Prime and Economy Minister Yulia Svyrydenko speaks with Reuters, amid Russia's invasion of Ukraine, in Kyiv, Ukraine February 1, 2024. Reuters File Ukraine is close to setting …

Ukraine Russia Production Reuters European Ukrainian German

1 month, 3 weeks ago

L3Harris Unit Making Rocket Motors Used in Ukraine Says Business Has Surged

Hindustan Times

L3Harris unit making rocket motors used in Ukraine says business has surged due to the ongoing war in the region. The company has doubled its monthly production of motors for GMLRS rockets, which are heavily used in Ukraine. This surge in demand has driven new entrants into the U.S. rocket motor manufacturing business, but they do not have mass production …

Business Law Technology Military Huntsville

1 month, 3 weeks ago

China vows ‘counter-measures’ after $2bn US arms sale to Taiwan

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The arms sale, which includes advanced missile systems intended …

China Military Sale Taiwan Chinese Beijing Ministry

1 month, 3 weeks ago

India's Defence Exports Soar, with US, France and Armenia Top Buyers

Firstpost

India's defense exports reach a record high of $2.6 billion in 2023-24, with the US, France and Armenia ranking as the top three buyers. Armenia has emerged as India's biggest client of 'finished' weapon systems, including Akash air defense missile systems, Pinaka multi-launch rocket systems and 155mm artillery guns.

Law International Relations Defense Global Affairs New Delhi

1 month, 3 weeks ago

US approves $2 billion in arms sales to Taiwan including advanced missile defense system

The Independent

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3 months, 1 week ago

Intel shares jump on chip deal with Amazon

CNN

New York CNN — Intel’s struggling chip-making business got a boost Monday from a high-profile client: Amazon. Intel Foundry and Amazon Web Services will coinvest in a custom chip design for the latter and “announced a multi-year, multi-billion-dollar framework,” according to a release. “Specifically, Intel Foundry will produce an AI fabric chip for AWS on Intel 18A,” Intel CEO Pat …

Intel Chip Making

3 months, 2 weeks ago

The EU buys too much defense equipment abroad, especially from the US, a major report says

Associated Press

BRUSSELS — European Union countries are buying too much of their defense equipment abroad, almost two thirds of it in the United States, and failing to invest enough in joint military projects, a landmark report on EU competitiveness warned on Monday. The 27 member states are also failing to make best use of Europe’s research and development capacities to modernize …

Europe Defense Ukraine Russia Report European Nato

3 months, 2 weeks ago

U.K. Suspends Some Arms Exports To Israel Over Risk Of Breaking International Law

Huff Post

A man takes cover behind a column as an explosion propagates smoke and dust during an Israeli strike which reportedly targeted a school in the Zeitoun district on the outskirts of Gaza City, on Sept. 1, 2024. OMAR AL-QATTAA via Getty Images LONDON — U.K. Prime Minister Keir Starmer’s government said Monday that it’s suspending exports of some weapons to …

Law International Law Exports Palestinian Gaza Israel Israeli

3 months, 3 weeks ago

Serbia and France sign $3bn deal for sale of French fighter jets

Al Jazeera

Sale comes as European nations try to coax Serbia away from traditional ally and weapons supplier Moscow. France and Serbia have signed a $3bn agreement for the sale of 12 French-made Rafale fighter jets, as European countries try to coax Serbia away from close ties with Russia. The landmark sale, signed by Serb Defence Minister Bratislav Gasic and Dassault Aviation …

France Russia European Serbia Rafale Belgrade French Fighter

4 months, 1 week ago

US approves $20 billion weapons package for Israel amid tensions in Middle East

India Today

The US has approved $20 billion in arms sales to Israel, including scores of fighter jets and advanced air-to-air missiles, the State Department announced Tuesday. Congress was notified of the impending sale, which includes more than 50 F-15 fighter jets, Advanced Medium Range Air-to-Air Missiles, or AMRAAMs, 120 mm tank ammunition and high explosive mortars and tactical vehicles and comes …

Sale Israel

4 months, 1 week ago

US approves $20 billion in weapons sales to Israel amid threat of wider Middle East war

Associated Press

WASHINGTON — The U.S. has approved $20 billion in arms sales to Israel, including scores of fighter jets and advanced air-to-air missiles, the State Department announced Tuesday. Congress was notified of the impending sale, which includes more than 50 F-15 fighter jets, Advanced Medium Range Air-to-Air Missiles, or AMRAAMs, 120 mm tank ammunition and high explosive mortars and tactical vehicles …

Sale Israel

4 months, 1 week ago

U.S. approves $20 billion in weapons sales to Israel amid threat of wider Middle East war

LA Times

The U.S. has approved $20 billion in arms sales to Israel, including scores of fighter jets and advanced air-to-air missiles, the State Department announced Tuesday. Congress was notified of the impending sale, which includes more than 50 F-15 fighter jets, advanced medium range air-to-air Mmissiles, 120-millimeter tank ammunition and high explosive mortars and tactical vehicles. It comes at a time …

Sale Gaza Israel

5 months, 1 week ago

Biden announces $225 million weapons package for Ukraine, including Patriot system

Associated Press

WASHINGTON — President Joe Biden announced a new $225 million aid package for Ukraine on Thursday, including a Patriot missile system to bolster its air defenses against a deadly onslaught of Russian airstrikes. The Patriot air defense system, the second the U.S. has provided to Ukraine, is one of several Biden announced this week at the NATO summit and is …

Ukraine Russia Biden Systems Including Provide Weapons System

6 months ago

Israel breaks arms sales record for 3rd consecutive year

Firstpost

The International Defense Cooperation Directorate, or SIBAT, of the Israeli Defense Ministry revealed numbers on Monday indicating that defense exports reached $13 billion in 2022, surpassing the previous record high of $12.5 billion in 2022. That amount varied from $7.5 billion to $8.5 billion in 2018 and 2020 Eleven percent of arms sales went toward the export of radar and …

Defense Sales Exports Defense Exports Israel Israeli Billion

7 months ago

The next frontier of the defence industry

Hindustan Times

Recently outgoing commander of the Indo-Pacific command Admiral John Aquilino made an interesting statement. But it cannot escape notice that this estimate from the United States commander comes at a time, when US elections are due, and the military is not unnaturally apprehensive of budget cuts under a new administration, even as President Biden’s request to Congress for an increase …

Europe China War Ukraine World Defence Industry

7 months, 2 weeks ago

David Cameron hints Britain won't copy US by halting arms sales to Israel if Netanyahu launches major attack on Rafah - but Foreign Secretary stresses UK won't support assault without plan to protect

Daily Mail

David Cameron today played down the prospect of Britain copying US President Joe Biden's threat to halt arms supplies to Israel. Following a speech at the National Cyber Security Centre this morning, Lord Cameron said Britain would not support a major offensive in Rafah without seeing Israel's plan to protect Gaza civilians. David Cameron today played down the prospect of …

Support Weapons Gaza Israel Netanyahu Biden Rafah

7 months, 2 weeks ago

BAE Systems eyes ‘positive momentum’ from UK defence spending commitment

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy BAE Systems has said a …

Defence Spending Positive Momentum Bae Bae Systems Systems Eyes

8 months ago

UK puts its defense industry on ‘war footing’ and gives Ukraine $620 million in new military aid

Associated Press

WARSAW, Poland — The U.K. prime minister said Tuesday the country is putting its defense industry on a “war footing” by increasing defense spending to 2.5% of GDP by the end of the decade, and pledged to send arms worth 500 million pounds to Ukraine. “We will put the U.K.’s own defense industry on a war footing,” Sunak told British …

Poland Defense War Ukraine Russia Britain Nato

8 months ago

Mastek share price jumps 20% on bagging supplier spot in UK’s Ministry of Defence

Live Mint

Mastek share price jumped 20% on Thursday after the company announced that it has been named as a supplier on the UK Ministry Of Defence’s Digital and IT Professional Services framework. The company said it has been awarded a place on Lot 1: Solution, Enterprise & Tech Architecture, Data, Innovation, Tech Assurance, and Knowledge & Information Management of the UK’s …

Defence Framework Dips Mod Ministry Of Defence Mastek Mastek Share Price

8 months, 2 weeks ago

US announces $138 million in emergency military sales of Hawk missile systems support for Ukraine

India TV News

Washington: The State Department has greenlighted an emergency $138 million in foreign military sales for Ukraine to provide critical repairs and spare parts for Kyiv's Hawk missile systems. What is the HAWK missile system The HAWK is a medium-range surface-to-air missile system that provides air defence, which is one of Ukraine's top security needs. “Ukraine has an urgent need to …

Ukraine Missile System Hawk Emergency Military

8 months, 2 weeks ago

U.S. announces $138 million in emergency military sales of Hawk missile systems support for Ukraine

Associated Press

WASHINGTON — The State Department has greenlighted an emergency $138 million in foreign military sales for Ukraine to provide critical repairs and spare parts for Kyiv’s Hawk missile systems. The HAWK is a medium range surface-to-air missile system that provides air defense, which is one of Ukraine’s top security needs. “Ukraine has an urgent need to increase its capabilities to …

Ukraine Defense Department Hawk Systems Support

9 months, 2 weeks ago

EU to boost defence industry in a bid to move away from US dependency

The Hindu

The European Union on March 5 outlined ambitious plans to boost its defence industry as it responds to the threat posed by Russia’s war on Ukraine and seeks to wean member nations off an over-dependence on the U.S. defence industry. Strategic independence In the first 16 months since the February 2022 start of the Ukraine war, “member states spent more …

Ukraine Russia Defence Industry States Trump Spending

9 months, 4 weeks ago

Ukraine warns delays in Western aid supplies ‘costing lives and territory’

The Independent

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Half of Western arms deliveries are being delayed and the hold-up is putting lives and territories …

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10 months, 1 week ago

For Ukraine’s defence industry goals against Russia, the sky’s the limit

Al Jazeera

To defeat Russia’s might and allies’ political flicker, Ukraine wants to build the defence workshop of the world. “Our task this year is not only to bolster our sky shield and Ukraine’s long-range capabilities to the fullest extent possible, but also to inflict maximum systemic losses on Russia,” Zelenskyy said. “They will need some foreign components – a little chip, …

Military Russia Defence Missile Production Russian Ukrainian

10 months, 2 weeks ago

Arm valuation tops $130bn months after it lists in New York

The Telegraph

The British semiconductor giant Arm has achieved a valuation of more than $130bn just months after listing on the New York stock exchange and snubbing a London float. Shares in Arm surged by as much as 64pc on Thursday after it revealed booming sales in its third-quarter results – only its second set of financials since choosing the US over …

London New York Arm

10 months, 3 weeks ago

Ukraine, Russia fight from the skies as Kyiv’s EU aid hangs in the balance

Al Jazeera

As a key summit focuses on aid, Russia says it will increase air defence missile production as air wars are fought over Ukraine. In a rare appearance touring defence industries, Russia’s Defence Minister Sergei Shoigu said he hoped to increase the production of air defence missiles, used to intercept drones, missiles and planes. Ukraine’s military intelligence said the centre received …

Military Ukraine Russia Defence Air Russian Aid

1 year ago

Biden administration says New Hampshire computer chip plant the first to get funding from CHIPS law

Associated Press

WASHINGTON — The Biden administration announced the first of many coming federal investments in computer chip production, saying Monday that it would provide $35 million for BAE Systems to increase production at a New Hampshire factory making chips for military aircraft, including F-15 and F-35 jets. The Commerce Department’s choice of a military contractor instead of a conventional chip manufacturer …

Biden Chips Computer Chip Production Computer Chip Chip Production

1 year ago

Biden administration says New Hampshire computer chip plant the first to get funding from CHIPS law

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Biden administration said Monday …

Biden Chip Chips

1 year ago

Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war

Associated Press

STOCKHOLM — Many Western arms companies failed to ramp up production in 2022 despite a strong increase in demand for weapons and military equipment, a watchdog group said Monday, adding that labor shortages, soaring costs and supply chain disruptions had been exacerbated by Russia’s invasion of Ukraine. “Many arms companies faced obstacles in adjusting to production for high-intensity warfare,” said …

Ukraine Companies Production Revenue 2022 Arms Sipri

1 year, 1 month ago

‘Will pay for indiscriminate arms sales to Japan, South Korea,’ North Korea warns US

Firstpost

Pyongyang has said it would demonstrate “more offensive and overwhelming counteraction capabilities,” citing what it called “military threats” from the US and its allies North Korea on Monday warned the United States’ about plans to sell missiles to Japan and South Korea, calling it a dangerous move that raises tension in the region and may be likely to lead to …

Japan Missile North Korea South Korea South North Korea

1 year, 1 month ago

‘Strategic’ manufacturers to get billions of pounds in Treasury backing

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Car makers, aerospace companies and …

Energy British Funding Treasury Hunt

1 year, 1 month ago

Cash-strapped Pakistan sold weapons worth $364 million to Ukraine via US companies: Report

Firstpost

A British military cargo plane flew from Pakistan Air Force Base Nur Khan in Rawalpindi to the British military base in Cyprus, Akrotiri, and then to Romania a total of five times to supply arms to the war-torn country, according to a report Cash-strapped Pakistan made $364 million last year from a weapons agreement with two private US businesses to …

Military Ukraine Russia Pakistan British Romania Report

1 year, 1 month ago

Ukraine war orders beginning to boost revenues for big US defence contractors

Firstpost

US defence contractors such as Lockheed Martin, General Dynamics and others expect that existing orders for hundreds of thousands of artillery rounds, hundreds of Patriot missile interceptors and a surge in orders for armoured vehicles expected soon will boost their results in coming months The Russian invasion of Ukraine in 2022 is starting to boost defence contractors’ revenues, as customers …

Ukraine General Defence Israel Rtx Expect Patriot

BAE sales boosted as world moves to war footing

History of this topic

BAE Systems lifts forecasts amid high defence spending

BAE Systems sees record order backlog amid wars in Gaza and Ukraine

Boost for BAE as Germans finally give the green light to £5bn Saudi Typhoon jet deal

BAE Systems on track for earnings hike as global conflicts boost orders

‘Top priority’: British defence firm BAE sets up Ukraine arms facility

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