Tag #Defense Industry

Showing 97 to 107 of 107 results

t24.com.tr

🌐 85% Global Worthiness

Dec 18, 16:15

Otokar Wins 31 Billion TL Romanian Military Vehicle Contract

Otokar, a Koç Holding subsidiary, won a Romanian Ministry of National Defense contract to supply 1059 4x4 tactical wheeled light armored vehicles for approximately 31 billion TL, with initial production in Turkey and subsequent vehicles manufactured in Romania, finalized on November 27, 2024.

Otokar Wins 31 Billion TL Romanian Military Vehicle Contract

Otokar, a Koç Holding subsidiary, won a Romanian Ministry of National Defense contract to supply 1059 4x4 tactical wheeled light armored vehicles for approximately 31 billion TL, with initial production in Turkey and subsequent vehicles manufactured in Romania, finalized on November 27, 2024.

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What are the immediate financial and strategic implications for Koç Holding and Otokar resulting from the Romanian defense contract?

Otokar, a Koç Holding subsidiary, has finalized a contract with Romania's Ministry of National Defense to supply 1059 4x4 tactical wheeled light armored vehicles for approximately 31 billion TL (Turkish Lira). The contract, signed on November 27th, 2024, includes integrated logistical support services. Initial production will take place in Turkey, with subsequent vehicles manufactured in Romania.

nos.nl

🌐 75% Global Worthiness

Dec 9, 22:09

Dutch Insurers Explore Defense Investments Amidst Ethical Concerns

Dutch insurers are in talks with the government to allow investments in the nation's defense industry, potentially through a new defense bond or fund, to address increased geopolitical tensions and support national security, while navigating ethical concerns regarding arms manufacturing.

Dutch Insurers Explore Defense Investments Amidst Ethical Concerns

Dutch insurers are in talks with the government to allow investments in the nation's defense industry, potentially through a new defense bond or fund, to address increased geopolitical tensions and support national security, while navigating ethical concerns regarding arms manufacturing.

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What immediate actions are Dutch insurers and the government taking to address the need for increased investment in the Dutch defense industry?

Dutch insurers are discussing with the government the possibility of investing in the Dutch defense industry, driven by increased geopolitical tensions and the war in Ukraine. Insurer A.S.R. has already adjusted its policy to allow investments in companies related to the arms industry under strict conditions. This follows a government call for increased investment in European defense.

faz.net

🌐 85% Global Worthiness

Dec 5, 21:05

Rheinmetall strengthens supervisory board with Gabriel and Jeschke

Former German Minister Sigmar Gabriel and digitalization expert Sabina Jeschke joined Rheinmetall's supervisory board on May 13th, 2024, strengthening the company's position in national and international security and its focus on digitalization and AI.

Rheinmetall strengthens supervisory board with Gabriel and Jeschke

Former German Minister Sigmar Gabriel and digitalization expert Sabina Jeschke joined Rheinmetall's supervisory board on May 13th, 2024, strengthening the company's position in national and international security and its focus on digitalization and AI.

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What are the broader implications of this appointment for the German defense industry and its relationship with the European Union?

The appointments reflect Rheinmetall's evolving role as a key player in European defense. Gabriel's experience in politics and Jeschke's expertise in digital technologies will enhance Rheinmetall's capabilities in these critical areas. This strengthens Germany's and Europe's defense industry.

dw.com

🌐 85% Global Worthiness

Dec 2, 10:31

Turkish Arms Sales Surge 24% in 2023

According to SIPRI, Turkish arms manufacturers Aselsan, Baykar, and TUSAŞ saw a combined revenue increase of 24% to $6 billion in 2023, driven by domestic demand and exports related to the war in Ukraine.

Turkish Arms Sales Surge 24% in 2023

According to SIPRI, Turkish arms manufacturers Aselsan, Baykar, and TUSAŞ saw a combined revenue increase of 24% to $6 billion in 2023, driven by domestic demand and exports related to the war in Ukraine.

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What is the significance of the increase in Turkish arms manufacturers' global market share?

Turkish companies increased their share of the global arms trade in 2023, with Aselsan, Baykar, and TUSAŞ seeing a combined revenue increase of 24% to $6 billion, according to the Stockholm International Peace Research Institute (SIPRI). Baykar's revenue surged by 25% to $1.9 billion, driven largely by exports, while TUSAŞ saw a 45% increase, reaching $1.7 billion. Aselsan's revenue grew by 12% to $2.4 billion.

pda.samara.kp.ru

🌐 65% Global Worthiness

Dec 2, 23:47

Russian Defense Industry Seeks Efficiency Improvements, Civilian Production Increase

A State Council meeting in Tula on November 29th, 2023, addressed improving Russian defense industry enterprises, focusing on regulatory changes, financial mechanisms for government contracts, and increasing civilian production to meet a 2030 goal of 50%, with Samara Region temporarily below target ...

Russian Defense Industry Seeks Efficiency Improvements, Civilian Production Increase

A State Council meeting in Tula on November 29th, 2023, addressed improving Russian defense industry enterprises, focusing on regulatory changes, financial mechanisms for government contracts, and increasing civilian production to meet a 2030 goal of 50%, with Samara Region temporarily below target ...

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What specific measures were discussed to improve the operational efficiency and financial stability of Russian defense industry enterprises?

On November 29th, 2023, a State Council meeting in Tula, Russia, focused on improving the efficiency of defense industry enterprises (OПК). Key discussion points included streamlining regulations and adjusting pricing and banking mechanisms for government defense contracts to reduce financial burdens on companies. A goal of 50% civilian production by 2030 was reaffirmed.

theglobeandmail.com

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Nov 13, 07:05

CAE CEO to Step Down

CAE CEO Marc Parent to step down after 15 years, company reports better-than-expected earnings amid recent challenges.

CAE CEO to Step Down

CAE CEO Marc Parent to step down after 15 years, company reports better-than-expected earnings amid recent challenges.

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What challenges has CAE Inc. faced recently?

CAE recently took a significant impairment charge on its defense business and saw several key executives depart. This, combined with a drop in share price from its 2021 peak, highlights recent challenges.

theguardian.com

🌐 85% Global Worthiness

Dec 13, 16:12

UK, Italy, and Japan team up to build rival to US fighter jet

A new company, combining UK, Italian, and Japanese defense firms, will develop a sixth-generation fighter jet by 2035, aiming to compete with American technology and expand global sales, with potential Saudi Arabian involvement.

UK, Italy, and Japan team up to build rival to US fighter jet

A new company, combining UK, Italian, and Japanese defense firms, will develop a sixth-generation fighter jet by 2035, aiming to compete with American technology and expand global sales, with potential Saudi Arabian involvement.

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What is the composition and objective of the newly formed joint venture in the aerospace industry?

A new joint venture company, comprising BAE Systems (UK), Leonardo (Italy), and JAIEC (Japan), will design, develop, and deliver a sixth-generation fighter jet by 2035. The company, headquartered in the UK with an Italian CEO, will leverage the combined expertise of its partners.

welt.de

🌐 85% Global Worthiness

Dec 5, 10:08

Global Arms Sales Rise Despite US Manufacturers' Revenue Dip

The global arms trade increased by 4.2 percent in 2023, reaching $632 billion, but the two largest US manufacturers, Lockheed Martin and RTX, saw a decrease in revenue, while Russia's Rostec saw a massive 49 percent increase.

Global Arms Sales Rise Despite US Manufacturers' Revenue Dip

The global arms trade increased by 4.2 percent in 2023, reaching $632 billion, but the two largest US manufacturers, Lockheed Martin and RTX, saw a decrease in revenue, while Russia's Rostec saw a massive 49 percent increase.

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What were the key findings of the SIPRI report on the global arms trade in 2023?

Despite a slight overall increase in global arms sales, the top two US weapons manufacturers, Lockheed Martin and RTX, experienced a minor revenue decrease in 2023. This is according to a new report by the Stockholm International Peace Research Institute (SIPRI). Total sales for the 100 largest arms companies rose by 4.2 percent to $632 billion.

taz.de

🌐 75% Global Worthiness

Dec 5, 21:05

Germany Classifies Arms Investments as Sustainable

The German government reclassified arms industry investments as sustainable, allowing ESG funds to invest and strengthening the sector, despite ethical concerns and potential for misuse of ESG funds.

Germany Classifies Arms Investments as Sustainable

The German government reclassified arms industry investments as sustainable, allowing ESG funds to invest and strengthening the sector, despite ethical concerns and potential for misuse of ESG funds.

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How will classifying arms industry investments as "sustainable" impact the flow of capital into the German arms sector and international arms trade?

The German government classified investments in the arms industry as sustainable, enabling ESG funds to invest in these companies. This decision, agreed upon by Defense Minister Pistorius and Economics Minister Habeck, aims to strengthen the German arms industry and its production of advanced weapons systems.

politico.eu

🌐 85% Global Worthiness

Dec 2, 17:17

Poland, Netherlands Seek to Ease EU Rules on Non-EU Defense Spending

Poland and the Netherlands proposed loosening EU rules for the €1.5 billion European Defence Industry Programme (EDIP) to fast-track non-EU defense purchases, particularly for supporting Ukraine, potentially allowing EDIP funds for producing non-EU weapons in Europe.

Poland, Netherlands Seek to Ease EU Rules on Non-EU Defense Spending

Poland and the Netherlands proposed loosening EU rules for the €1.5 billion European Defence Industry Programme (EDIP) to fast-track non-EU defense purchases, particularly for supporting Ukraine, potentially allowing EDIP funds for producing non-EU weapons in Europe.

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How will relaxing EU sourcing requirements for the EDIP affect the speed and effectiveness of supplying Ukraine with crucial defense equipment?

Poland and the Netherlands jointly proposed relaxing EU criteria for the European Defence Industry Programme (EDIP) to expedite non-EU defense procurement, particularly for Ukraine support. This involves potentially using EDIP funds for joint production of non-EU weapons systems like Raytheon's Patriot missiles on European soil. The proposal aims to accelerate access to EU funding for crucial defense needs.

elmundo.es

🌐 30% Global Worthiness

Nov 18, 16:23

Spain's Defense Industry Booms

Spain's defense industry is experiencing a boom, with significant growth in revenue and employment. The government aims to further increase defense spending in the coming years.

Spain's Defense Industry Booms

Spain's defense industry is experiencing a boom, with significant growth in revenue and employment. The government aims to further increase defense spending in the coming years.

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What factors have contributed to the recent growth of the defense sector in Spain?

The overall defense, security, aeronautics, and space sectors in Spain achieved a combined turnover of \u20ac13.9 billion, a 15% increase compared to the previous year. This recovery is largely attributed to the rebound in civil aviation.

Showing 97 to 107 of 107 results