Share with your friendsSaab AB delivered exceptional financial results in 2024, marking another year of accelerated growth as global demand for its defence products soared. Saab’s revenues have roughly grown by more than 50 percent over the past two years.
All-Time High Order Intake: Saab (Sweden) – 2024 Performance Review and Growth Outlook Read More »
Share with your friendsFinland’s Patria Group recorded strong financial growth in 2024, fuelled by defence procurement upticks post-NATO accession. Net sales reached €825.7 million in 2024, a healthy ~12.5 percent increase from €733.8 million in 2023. Patria is expanding globally
Share with your friendsKongsberg Gruppen achieved all-time high revenues and profits in 2024, capping a multi-year growth streak. The company’s success in 2024 reinforced its importance: it continues to deliver both economic value – profits, jobs, tax revenues – and
Share with your friendsThe United States has dominated the global arms trade for decades. In the past five years, its exports have surged, reinforcing its position at the top. But the ground is shifting. What are the trends, who are
U.S. Tops Arms Trade – While Allies Plot a Plan B Read More »
Share with your friendsIn response to escalating geopolitical tensions and a shifting global security landscape, the European Union (EU) has unveiled an ambitious plan to bolster its defence capabilities. Dubbed the “ReArm Europe” initiative, this strategy aims to mobilize up
ReArming Europe: €800 Billion Defence Investment Project Read More »
Share with your friendsDenmark has significantly enhanced its defence capabilities recently, particularly in the Arctic and North Atlantic regions. This move comes in response to escalating geopolitical tensions and renewed interest from U.S. President Donald Trump in acquiring Greenland. In
Denmark Boosts Defence Spending Amid U.S. Pressure Over Greenland Read More »
Share with your friendsGermany has officially become a full member of the Common Armoured Vehicle System (CAVS) program as of January 2025, marking a significant advancement in European defence collaboration. This strategic move not only enhances Germany’s military capabilities but
Germany Becomes a Full Member of the CAVS Program Read More »
Share with your friendsPatria has made a decisive move in the global defence industry by acquiring ILIAS Solutions, a Belgium-based leader in digital defence platforms. This acquisition catapults Patria to the forefront of military digitalisation, reinforcing its commitment to data-driven
Reshaping Defence Tech: Patria Seizes Digital Power with ILIAS Solution Acquisition Read More »
Share with your friendsThe Italian Army has decided to significantly enhance its air defence capabilities by contracting Rheinmetall Italia S.p.A. to supply four Skynex air defence systems. The total value of the deal is approaching €280 million. The initial system,
Italy Bolsters Air Defence with €280 Million Skynex Acquisition Read More »
Share with your friendsThe Lithuanian defence industry has evolved significantly from its modest beginnings in the early 20th century, through the challenges of Soviet occupation, to its status as a burgeoning sector within the European defence landscape. It focuses on
Lithuanian Defence Industry: Cyber-security and Unmanned Systems Read More »
