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 increasingly defined by Sino-American competition. India is also weighing Saab as one of the contenders
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. Integrating ILIAS Solutions’ advanced expertise and software with Patria’s defence expertise will provide comprehensive solutions
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 soared 61 percent to €1.478 billion, raising the operating margin to 15.2 percent, up from 12.8
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 deals may open the door for defence firms from elsewhere — including Nordic companies —
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 marked by a flurry of technological advancements: new fighter and UAV tech, smarter sensors and
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 digital operations. Last year continued an upward trend – 2023 sales were up from ~€547
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 Norway and allies with cutting-edge systems, such as anti-ship cruise missiles. Operating revenue of Kongsberg
The 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 the key players, and where does this leave the industry? Tariff disputes and uneasy allies – including Portugal
U.S. Tops Arms Trade – While Allies Plot a Plan B Read More »
In 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 to €800 billion by 2030 to enhance Europe’s military readiness and reduce reliance on external allies. The policy
ReArming Europe: €800 Billion Defence Investment Project Read More »
Denmark 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 October 2024, the U.S. Department of State approved a potential sale of up to 203 advanced missiles to
Denmark Boosts Defence Spending Amid U.S. Pressure Over Greenland Read More »
