A J-10C fighter jet of the Chinese air force’s Ba Yi’s aerobatics team conducting adaptive training. Vcg | Visual China Group | Getty Images Tensions between India and Pakistan are rising, with Chinese defense stocks surging after Pakistan’s apparent use of China-made weapons to down Indian jets. Pakistan’s Foreign Minister Ishaq Dar claimed on Wednesday…
Armin Papperger, Chairman of the Executive Board of Rheinmetall AG, stands at the annual press conference at Group headquarters. Picture Alliance | Picture Alliance | Getty Images European defense giants whipsawed on Monday, abruptly paring losses as investors continue to grapple with a broad stock market downturn. U.S. President Donald Trump showed no signs of…
Roberto Cingolani, CEO of Leonardo. Bloomberg | Bloomberg | Getty Images ROME, Italy – European defense giant Leonardo hopes to present a satellite alliance with Airbus and Thales within months, the company’s CEO told CNBC, as the continent looks for alternatives to Elon Musk’s Starlink. Following months of talks, Leonardo’s Roberto Cingolani told CNBC: “At…
Ukrainian army soldiers of the 22nd brigade during tank training as Russia-Ukraine war continues in Donetsk Oblast, Ukraine on October 29, 2023. Diego Herrera Carcedo | Anadolu Agency | Getty Images The European Union has plans to step up its defense spending in a big way — but some leaders want it to go even…
Europe should “take its destiny in its own hands” and strive to keep new defense budgets within its own borders, according to the chief executive of French defense giant Thales. The European Union plans to mobilize as much as 800 billion euros ($841 billion) to ramp up defense spending. The announcement came after the U.S….
Europe should “take its destiny in its own hands” and strive to keep new defense budgets within its own borders, according to the chief executive of French defense giant Thales. The European Union plans to mobilize as much as 800 billion euros ($841 billion) to ramp up defense spending. The announcement came after the U.S….
In this handout photo released by the South Korean Defense Ministry, South Korean navy vessels taking part in a naval drill off the east coast on September 4, 2017 in East Sea, South Korea. Getty Images South Korean defense stocks rose Tuesday, in line with a broad-based pickup in defense names globally, as the Russia-Ukraine…
LONDON — The European Union is expected to announce “concrete” measures on boosting defense financing this week, sources told CNBC, as Europe and the United States clash over support for Ukraine. The 27 EU leaders will gather in Brussels on Thursday for a meeting dedicated to defense and support for Ukraine. It follows two particularly…
The Pentagon said on Friday that it would fire 5,400 civilian probationary workers starting next week, in the first of what officials say will likely be a wave of much larger layoffs at the Defense Department, the government’s biggest agency. “We anticipate reducing the department’s civilian work force by 5 to 8 percent to produce…
A construction worker climbs above a line of fencing at the site of a large public infrastructure reconstruction project of an elevated roadway and bridges in upper Manhattan in New York City, New York, U.S., April 22, 2021. Mike Segar | Reuters The infrastructure that makes up the U.S. is, in some cases, flailing. More…
