Defense news

• Italy’s veto on French deal shows EU defence consolidation is a distant dream

  07-12-2023 06:00 via ft.com
  Rome’s decision to block Safran’s acquisition of Microtecnica is latest shot in an often strained security relationship
  
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• UK fraud agency opens probe into aircraft parts supplier

  06-12-2023 16:25 via ft.com
  SFO raided a site in connection with suspected fraud at AOG Technics Ltd
  
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• Airbus might need state backing to replace A320, chief says

  05-12-2023 06:00 via ft.com
  Guillaume Faury comments could test 2021 agreement that resolved long trade dispute between Europe and US
  
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• Airbus might need state backing for new aircraft programme to replace A320, chief says

  05-12-2023 06:00 via ft.com
  Guillaume Faury comments could test 2021 agreement that resolved long trade dispute between Europe and US
  
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• Airbus might need state backing for new aircraft programme, chief says

  05-12-2023 06:00 via ft.com
  Guillaume Faury comments could test 2021 agreement that resolved long trade dispute between Europe and US
  
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• US, UK and Australia move to track ‘emerging threats’ in space

  02-12-2023 01:21 via ft.com
  Aukus security pact formed to counter advances by China will also boost autonomous naval systems
  
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• Rolls-Royce: bold targets keep engine maker flying

  28-11-2023 17:34 via ft.com
  Aerospace group’s pledge to quadruple operating profits looks more credible than past efforts
  
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• Rolls-Royce targets vast upturn in profits

  28-11-2023 13:49 via ft.com
  Chief executive Tufan Erginbilgic sets out ambitious targets as part of sweeping overhaul
  
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• Hydrogen-electric aircraft start-up secures UK Infrastructure Bank backing

  27-11-2023 05:00 via ft.com
  Anglo-US venture ZeroAvia raises $116mn from several investors
  
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• South Korean defence industry rides global order wave

  26-11-2023 06:00 via ft.com
  After decades of preparation for war with North Korea, the country has become a top 10 defence exporter since the start of Ukraine conflict
  
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• ‘Deep corruption’ at centre of SFO Saudi bribery trial

  22-11-2023 18:20 via ft.com
  Prosecution case turns on a UK government deal to provide military communication networks
  
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• Rheinmetall sales to double by 2026 bolstered by heightening geopolitical tensions

  21-11-2023 16:14 via ft.com
  Defence contractor is leading beneficiary of European governments’ rush to increase capabilities
  
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• Italy blocks Safran deal over national security concerns

  21-11-2023 06:57 via ft.com
  Giorgia Meloni’s government exercises ‘golden power’ over jet engine maker’s purchase of Italian flight controls business
  
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• Middle East conflict restarts German debate on selling jets to Saudi Arabia

  20-11-2023 06:00 via ft.com
  Israel-Hamas war has prompted several ministers in Berlin to reconsider relations with Gulf kingdom
  
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• Russian hitmen and saboteurs target Bulgaria’s arms industry, magnate says

  19-11-2023 06:00 via ft.com
  Weapons maker Emilian Gebrev survived two poisoning attempts and his munitions plants were set ablaze
  
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• Northrop Grumman pulls out of satellite tender for UK armed forces

  17-11-2023 15:39 via ft.com
  US defence group’s decision to withdraw from first stage of competition leaves just one contender
  
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• The Redditch factory with links to Russia

  17-11-2023 06:00 via ft.com
  Activity of British arm of VSMPO-AVISMA is legal because of carve-out in sanctions regimes
  
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• Emirates rules out Airbus A350 purchases until Rolls-Royce resolves engine issues

  14-11-2023 18:00 via ft.com
  Airline’s president says engine does not meet its maintenance requirements
  
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• Babcock pays first dividend in 4 years ‘with confidence’

  14-11-2023 13:23 via ft.com
  Higher military spending and stronger balance sheet has made group’s results more predictable, says CEO
  
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• Middle Eastern carriers place orders worth tens of billions of dollars

  13-11-2023 16:58 via ft.com
  Deals for over 100 aircraft on first day of Dubai air show cement industry rebound despite regional tensions
  
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• South Korea shoots for the stars in Asia’s space race

  12-11-2023 02:30 via ft.com
  Seoul has big ambitions for independent launches and a GPS-like satellite network
  
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• Babcock wins £750mn UK submarine maintenance contract

  10-11-2023 16:17 via ft.com
  Defence company to upgrade infrastructure at the Devonport naval base
  
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• German chancellor Olaf Scholz admits uncertainty over defence spending

  10-11-2023 13:11 via ft.com
  Berlin pledges to plug budgetary holes that will speed up procurement and help meet Nato targets
  
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• Airbus criticises Berlin’s export ban on fighter jets to Saudi Arabia

  08-11-2023 21:23 via ft.com
  Guillaume Faury says curbs on selling Eurofighter are damaging to Germany’s reputation as an exporting nation
  
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• German arms exports to Israel surge as Berlin backs campaign against Hamas

  08-11-2023 15:25 via ft.com
  Defence sales worth €300mn this year is 10-fold rise on 2022, with most licences approved after October 7 attack
  
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• Multibillion-dollar South Korean arms deals at risk after Polish election

  08-11-2023 05:00 via ft.com
  Seoul worries political change and lack of funds could scupper Warsaw’s plans to buy tanks, howitzers and rockets
  
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• UK signs £4bn air defence deal with Poland

  07-11-2023 20:04 via ft.com
  European missile maker MBDA signs its largest export contract ever
  
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• MHI plans global defence sales push after Japan expands military budget

  31-10-2023 21:00 via ft.com
  Military contractor says industry has failed to make inroads abroad to compete with US and Europe
  
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• Boom time for the $110bn a year industry keeping airlines flying

  31-10-2023 06:00 via ft.com
  Repair and maintenance specialists are working overtime as supply chain issues persist
  
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• Boeing cuts forecast for 737 Max deliveries after quality lapses

  25-10-2023 15:10 via ft.com
  Defence business takes almost $800mn in charges amid struggles with Trump-era Air Force One deal
  
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• GE/Culp: fan boy picked a ride with plenty of lift

  24-10-2023 19:31 via ft.com
  Aviation business reported a 25% jump in revenues for the third quarter
  
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• Ukraine’s race to build its own arms industry

  24-10-2023 06:00 via ft.com
  Kyiv is converting US missiles for new uses and prioritising joint ventures with western companies
  
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• ‘Arsenal of the free world’: Ukraine’s race to build its own arms industry

  24-10-2023 06:00 via ft.com
  Kyiv is converting US missiles for new uses and prioritising joint ventures with western companies
  
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• Boeing tries to rise above quality failures at 737 Max supplier

  23-10-2023 13:00 via ft.com
  Jet manufacturer faces delays after being forced to deal with cash crisis and have tasks redone at Spirit AeroSystems
  
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• Aircraft rental costs soar as industry struggles with manufacturing delays

  23-10-2023 06:00 via ft.com
  Leasing companies have been able to increase their rates significantly for the most in-demand jets
  
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• Airbus signs up Northrop Grumman in bid for SkyNet military satellite contract

  23-10-2023 06:00 via ft.com
  Programme is expected to be one of the most hotly contested procurement deals in the UK in years
  
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• Aviation is on ‘a precipice’: Airbus plots course to net zero for UK aerospace

  23-10-2023 05:00 via ft.com
  Pioneering British sector drives development of more fuel-efficient aircraft, but admits it is a ‘huge opportunity’ and a ‘big risk’
  
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• Pentagon accuses China of accelerating nuclear build-up

  19-10-2023 16:00 via ft.com
  New report to Congress finds Beijing on track to exceed previous projections
  
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• Pentagon accuses China’s fighter jets of ‘coercive’ acts in Indo-Pacific

  17-10-2023 23:54 via ft.com
  Defence department says Beijing making ‘centralised and concerted’ effort to intimidate US and allies
  
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• Pentagon accuses China’s air force of ‘coercive’ acts in Indo-Pacific

  17-10-2023 23:54 via ft.com
  Defence department says Beijing making ‘centralised and concerted’ effort to intimidate US and allies
  
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• Rolls-Royce: new chief needs steadier engine for long-term growth

  17-10-2023 15:39 via ft.com
  Tufan Erginbilgic must prevent costs from creeping back in to maintain share rally
  
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• Rolls-Royce to cut up to 2,500 jobs in bid to streamline group

  17-10-2023 09:04 via ft.com
  Chief Tufan Erginbilgic pursues sweeping restructuring of aerospace and defence company
  
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• Israel-Hamas war tests US defence sector already strained by conflict in Ukraine

  17-10-2023 06:00 via ft.com
  Washington vows to increase supplies of precision missiles and other munitions to allies
  
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• Hamas-Israel war tests a US defence sector already strained by Ukraine

  17-10-2023 06:00 via ft.com
  Washington vows to increase supplies of precision missiles and other munitions to allies
  
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• Rolls-Royce poised to cut 2,500 white-collar jobs

  17-10-2023 00:42 via ft.com
  Chief executive Tufan Erginbilgic pursues a sweeping restructuring of the aerospace and defence company
  
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• Taiwanese semiconductor suppliers target Europe’s next-generation factories

  10-10-2023 22:00 via ft.com
  Chemical companies in Asia have cornered cutting-edge chipmaking market as EU supply chain atrophied
  
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• BAE Systems wins £3.95bn contract to build next generation nuclear submarines

  01-10-2023 18:33 via ft.com
  The ships being built as part of the Aukus security pact will bring jobs and investment to Cumbria
  
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• BAE Systems wins £3.95bn contract for Aukus nuclear submarines

  01-10-2023 18:33 via ft.com
  Ships being built as part of security pact with US and Australia set to bring jobs and investment to Cumbria
  
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• Babcock: defence contractor emerges from the depths

  28-09-2023 17:54 via ft.com
  Sensible targets and good execution explain why investors are taking another look at unloved stock
  
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• Common global rules needed ahead of ‘flying taxi’ boom, UK regulator says

  25-09-2023 16:50 via ft.com
  Civil Aviation Authority head forecasts that air travel is on the brink of ‘new revolution’
  
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