The members of the European Parliament have approved a proposal to establish a European defence industrial development programme, under which €500 million would be allocated from the EU budget for 2019-2020 to co-finance the joint development of new defence technologies and equipment. The EU will be able to spend money on defence for the first time ever
The European Union launched a 10.5-billion euro ($12
The 28-member European Union spent €200 billion ($222 billion) on defence in 2016, the same figure as in 2015, Eurostat announced Friday. The EU, most of whose members share NATO membership with the United States are under pressure from Washington to increase military spending and buy more American arms
Leonardo announced today the signature of the grant agreement for OCEAN2020, a project related to the initiative to boost Europe's defence research under the European Defence Fund. "OCEAN2020 will make it possible to promote technological research in a sector of great interest and relevance for Europe and for the Mediterranean area in particular, such as maritime safety,” said Alessandro Profumo, CEO of Leonardo
Saab acquired Swedish combat boat producer N. Sundin Dockstavarvet AB and the repair shipyard Muskövarvet AB, in order to strengthen Saabs product offering in the naval domain
Germany's Social Democrats (SPD) on Sunday rejected NATO's target of spending 2 percent of national output on defense. The party leaders also accused German Chancellor Angela Merkel and the other conservatives that they are bending down to the demands of US President Donald Trump,
Russian and Chinese warships held gun firing exercises in the Baltic Sea Tuesday as part of the "Joint Sea 2017" naval drills. The Joint Sea 2017 drills commenced Saturday and will last until July 28, Xinhua reported Wednesday
Leonardo has inaugurated its airborne systems facility in LAquila, Italy that is also home to Thales Alenia Space (a joint venture between Thales, 67% and Leonardo, 33%) which opened a major site in the city in 2013. LAquila, the capital of Italys Abruzzo region, is one of the birthplaces of Leonardos airborne and space systems division
Germany has frozen all arms shipment to Turkey, following Ankaras arrest of many human rights activists, including a German national. Berlin issued its travel advisory Thursday for Turkey
Slovakia has received Carl-Gustaf M4 multi-role weapons from Saab, becoming the first country to deploy this new weapon. Slovakias defence ministry decided to acquire the new Carl-Gustaf M4 system in order to further strengthen their defence capability, the company announced Tuesday
StandardAero Aviation has entered into exclusive negotiations to acquire Vector Aerospace Holding SAS (“Vector”) from Airbus. Vector is a global aerospace maintenance, repair and overhaul company, providing responsive, quality support for turbine engines, components, fixed- and rotary-wing aircraft, the company announced Thursday
Germany and France are working out specific proposals for a European Union defense fund ahead of a bilateral ministerial meeting on July 13. "Joint work on drones, military transports and combined efforts to stabilize the African Sahel region were projects that could be funded by the new plan," German Defence Minister Ursula von der Leyen said in an interview published on Saturday
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The market for fighter jets in countries which are expected to have open competitions is estimated at US$50 billion to...