Business

Rheinmetall’s First Satellite Order with ICEYE – €4 Billion Deal With the Bundeswehr

Business, Technology

Germany’s Bundeswehr is on the verge of commissioning a major new satellite constellation from an unprecedented partnership between defence giant Rheinmetall AG and Finnish start-up ICEYE. According to Rheinmetall CEO Armin Papperger, the plan is to deliver 40 low-Earth orbit (LEO) reconnaissance satellites to the German military over the next two years. This deal would

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From Saabs to Armoured Vehicles: Finland’s Uusikaupunki Car Plant Becomes a Defence-Industry Asset

Business

The transformation of Valmet Automotive’s Uusikaupunki plant from a Saab car line to a future armoured-vehicle factory marks a new chapter in Finland’s industrial evolution: farewell, cars — welcome, armour. When Patria Land Oy and Valmet Automotive Oyj announced their Letter of Intent (LOI) to cooperate on the manufacturing and testing of armoured vehicles, it

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DSEI UK

DSEI 2025 – Innovation, Partnerships and New Kit in London

Business

The Defence & Security Equipment International (DSEI) exhibition, held at London’s ExCeL centre on 9–12 September 2025, was one of the largest in the show’s history, drawing more than 1,600 exhibitors and 45,000 attendees. The event ran against a turbulent geopolitical backdrop – including the release of the United Kingdom’s long‑awaited Defence Industrial Strategy and news of Russian drones

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KNDS: A Franco–German Land‑Systems Champion on the Road to a Potential IPO

Business

In the aftermath of Russia’s invasion of Ukraine, European governments have boosted defence budgets and begun a slow re‑armament. Listed defence firms have enjoyed surging valuations, while privately held groups are looking for ways to fund expansion. Against this backdrop, the Franco–German land‑systems specialist KNDS – created in 2015 by the merger of Krauss‑Maffei Wegmann (KMW) and

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Chris Spicer, the Managing Director at Engineering & Systems Integration at Babcock International Group

Strategic Partnership Between Patria and Babcock to Build Armoured Vehicles in UK – Over 1000 Vehicles Could be Needed

Business, News

Finnish defence firm Patria and UK-based Babcock International Group have sealed a teaming agreement to produce the Patria 6×6 armoured vehicle within the United Kingdom, as part of the multinational Common Armoured Vehicle System (CAVS) programme. Babcock may open more markets for Patria in the Commonwealth countries, like Canada. The UK Ministry of Defence has

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INS Tamar during its trials. (Image: Screenshot from Indian Navy video / Indian Navy PR Department )

Indian Warship in the Baltic Sea: Signalling Support for Russia

Business, Diplomacy, Technology

In mid-July 2025, Finland’s navy was alerted to an unusual visitor: INS Tamal, a newly delivered Indian Navy frigate built in Russia, was transiting northern European waters. Finnish and Swedish maritime authorities confirmed Tamal reported it was bound for the Bothnian Bay, off Finland’s west coast. Finnish Navy spokesperson Commander Markus Malila emphasised the ship

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Artist’s rendering of a Danish MQ-9B SkyGuardian drone patrolling icy Arctic waters. Denmark is acquiring four of these long-range U.S.-built drones to bolster surveillance over Greenland and the North Atlantic. (Image: Danish Ministry of Defence)

Arctic Defence: Denmark to Patrol Airspace with Over‑the‑Horizon Drones

Business, Strategy

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 NATO’s eyes in the Far North. In July 2025, Copenhagen signed an agreement via NATO’s

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Eurofighter Typhoon fighters. Germany’s latest defence budget will fund 20 new Eurofighters among other major procurements (Image: Stefan Petersen/Luftwaffe)

Germany’s Historic Military Expansion €83 Billion Defence Budget for 2026

Analysis, Business

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, with plans to spend around €83 billion on defence in 2026 – a jump of €20 billion

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Air, Sea and Space – Pushing Boundaries: BAE Systems (Britain) 2024 Performance Review and Growth Outlook

Analysis, Business

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, up 4% on a reported basis. Order intake in 2024 was £33.7 billion – slightly lower

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