Denmark is dramatically boosting its Arctic surveillance capabilities by purchasing four over-the-horizon unmanned drones. Norway has also been studying long-range drones for its High North, eyeing the MQ-9B and other platforms for Arctic surveillance. This is a significant upgrade of
Arctic Defence: Denmark to Patrol Airspace with Over‑the‑Horizon Drones Read More »
Chancellor Friedrich Merz has secured an exemption for military expenditure from Germany’s strict debt-brake rules, enabling a dramatic boost in the defence budget – and reverberating through Europe’s defence industry. Germany is embarking on its largest military buildup in decades,
Germany’s Historic Military Expansion €83 Billion Defence Budget for 2026 Read More »
BAE Systems delivered robust financial results in 2024, reflecting strong defence sector momentum. Annual sales reached £28.3 billion, a ~14% year-on-year increase in constant currency terms. Underlying EBIT climbed to £3.0 billion, up 14% in constant currency, and operating profit was £2.69 billion,
Thailand is modernising its air defences by selecting the Saab Gripen E/F fighter jet as the next cornerstone of the Royal Thai Air Force (RTAF). Thailand’s renewed interest in the Gripen signals a desire for strategic flexibility in a region
Saab Secures Thai Sale, India Still on the Radar Read More »
Defence systems often suffer from a glaring disconnect between mission and logistics. ILIAS Solutions – a leading digital defence platform now under Patria’s wing – is set to close that gap. The acquisition marks Patria’s serious move into digital services.
Efficiency in Defence Operations: Connecting Strategic, Operational and Tactical Data Read More »
Rheinmetall AG delivered record financial results in 2024, driven by surging demand amid Europe’s “Zeitenwende”, historic shift in security policy. Group sales jumped 36 percent to €9.75 billion, from €7.18 billion in 2023, reaching the company’s target of ~€10 billion. Operating profit
Modernising its military and flexing its muscle in the Middle East, Saudi Arabia has signed $142 billion worth of arms deals with the U.S. It’s also pledged to pour $600 billion into American investments over the next four years. The
Trump’s Saudi Visit: $142 Billion Arms Bonanza and a Nuclear Gambit Read More »
Saab 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. Saab’s 2024 was
All-Time High Order Intake: Saab (Sweden) – 2024 Performance Review and Growth Outlook Read More »
Finland’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 while strengthening its
Kongsberg 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 strategic value – equipping
