DefenseNews

UK, Netherlands, Finland in talks to set up defense investment bank

PARIS — The United Kingdom, the Netherlands and Finland, together with several other countries, are in talks to set up a financial institution that would provide funding for joint multi-year defense projects, similar to the European Investment Bank but focused on defense. The participating countries would provide capital to the institution that could serve as a guarantee for issuing bonds, the…
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DefenseNews

European allies tell Trump ‘nein,’ ‘non’ and ‘no’ on help to force open Hormuz Strait

PARIS — European NATO allies pushed back against demands by U.S. President Donald Trump to help reopen the Strait of Hormuz by force, weeks after Iran shut down the majority of shipping through the critical trade artery in response to the American-Israeli war against the country. British Prime Minister Kier Starmer said on Monday the United Kingdom “will not be drawn into the wider war,”…
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DefenseNews

Fincantieri is itching to build more ships for the US Navy

ROME — Fincantieri is ready to build everything from corvettes and unmanned vessels to ice breakers and cable laying ships for the U.S. government as it rebounds from the cancellation of the Constellation frigate program, a senior official has said. “We are ready to take on complex shipbuilding,” George Moutafis, the CEO of Fincantieri Marine Group, told Defense News. Fincantieri was ramping…
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DefenseNews

After Ukraine, FPV drones could take on Arctic warfare

Setermoen, Norway — Following their success in Ukraine, Arctic nations are assessing whether first-person-view drones could be deployed on Arctic battlefields. Roughly 240 kilometers north of the Arctic Circle, two soldiers — part of the Norwegian Armed Forces’…
DefenseNews

Lebanese government tries to avoid internal strife amid Israeli bombardment

BEIRUT, Lebanon — Days after the United States and Israel started a war against Iran on Feb. 28, the Lebanese Cabinet banned any military activities of Iran-backed Hezbollah, requiring the armed group to hand over its weapons to the Lebanese state. The decision followed Hezbollah’s launch of a barrage of missiles toward northern Israel, the first such attack since the ceasefire of late…
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