DefenseNews

Babcock, Fincantieri, Saab seek Poland ties as ‘Orca’ sub award nears

WARSAW, Poland — U.K. company Babcock International, Sweden’s Saab and Italian Fincantieri have signed deals to boost cooperation with Polish state-run defense group PGZ. The developments come as Poland’s Ministry of National Defence is accelerating efforts to select new submarines that will expand its capacities in the Baltic Sea’s shallow waters, a program all three companies have shown…
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DefenseNews

Investors are waking up to the defense sector

For too long, there has been a limited investment base in publicly traded defense stocks — even as the benchmark SPADE Defense Index produced a 15-year return of nearly 17% annually. Many institutional and professional investors remained on the sideline either due to their…
DefenseNews

Russia’s ‘Zapad’ drill has Europe on edge about low-key attacks

WARSAW, Poland — As Russia and Belarus launch the “Zapad 2025” joint military drill this month, eyeing buildups of military forces along NATO’s eastern borders and direct simulations of attacks on Poland and the Baltic States, the four Eastern European allies are gearing up for the drills of their own in anticipation of low-intensity attacks against their infrastructure. Estonia, Latvia…
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DefenseNews

EU sets military spending record, expects more growth in 2025

BERLIN — The European Union collectively spent €343 billion ($402 billion) on defense last year, exceeding projections and setting a new record, according to a new report by the European Defense Agency. The agency said it expected defense spending to increase further in…
DefenseNews

Swastikas on some Finland air force flags to be phased out

Finland’s Air Force, now part of NATO, still flies swastikas on a handful of unit flags — but is preparing to phase them out, largely to avoid awkwardness with its Western allies. The history of the Finnish air force’s use of the swastika, which since the 20th century…
DefenseNews

Rocket Lab unveils new pad as firm preps first Neutron rocket launch

WALLOPS ISLAND, Virginia— As Rocket Lab prepares to roll out its new Neutron rocket as a fresh competitor for military and commercial missions, the firm on Thursday unveiled the launch complex from which the vehicle will fly – possibly by the end of the year. Housed within the Virginia Space Authority’s Mid-Atlantic Regional Spaceport in Wallops Island, the facility, dubbed Launch Complex 3…
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DefenseNews

Why is the Army chopping away at its chopper fleet?

Editor’s note: This article first appeared on The War Horse, an award-winning nonprofit news organization educating the public on military service. Subscribe to their newsletter. For many Americans, the U.S. Army is nearly synonymous with its helicopters. Think of popular…
DefenseNews

NATO says all allies to meet 2% defense-spending target this year

PARIS — NATO said all alliance members will spend at least 2% of their GDP on defense this year, the first time for that to happen since the spending target was set more than a decade ago. Three countries – Poland, Lithuania and Latvia – are on track to meet a more ambitious target for 3.5% spending, set at a meeting just over two months ago, according to data on allied defense spending…
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