Finance news

Great Britain: Drones instead of warships: Starmer announces the largest restructuring of the armed forces in generations

The British want to spend more money on defense and will increasingly rely on unmanned, autonomous and AI-controlled weapon systems in the future. Military experts complain that it is too little, too late.

◇ unclassifiedusa · europe · india

SOCOM is seeking a long-range kamikaze drone

Armed with loitering munitions, SOCOM MC-130J gunships and other aircraft would be able to hunt targets deep inside enemy lines.

◇ unclassifiedusa · europe · russia

How Ukraine’s military is adapting after four years of war with Russia

This week on The Break Out, former Pentagon official Mara Karlin shares what she learned during a recent trip to Ukraine.

◇ unclassifiedgermany · europe · china

Today: Breaking taboos: VW is examining the sale and production of Chinese models in Europe

Individual VW China models could be sold in Europe in the future and later built in German plants. And: Why the 2026 stock market year has so far been weak for Rheinmetall and other defense companies.

◇ unclassifiedusa · europe · russia

Latvia and Ukraine to open drone factory right on Baltic nation’s border with Russia

The Latgale region, where the new drone factory is to be built, is historically one of Latvia’s most economically disadvantaged.

Overland AI nets Marine Corps autonomous ground vehicle contract

The autonomous ground vehicle is not intended to replace the JLTV, according to Overland AI CEO Byron Boots.

UK Prime Minister pledges near $105B defense budget by 2029

Courtesy of a £8.6 billion investment in the forthcoming Defence Investment Plan, the UK is also “renewing” a commitment to build sixth generation fighter jets, under the Global Combat Air Programme (GCAP), in collaboration with Italy and Japan.

AeroVironment skyrockets 21% as dronemaker capitalizes on defense spending surge

AeroVironment is benefiting from U.S. plans to modernize the U.S. military and secure space.

Pentagon seeks to hire ‘hundreds’ of software engineers for 2-year tours

Building on the ongoing, government-wide Tech Force hiring initiative, the new War Force effort announced today will emphasize attracting AI talent, a defense official told Breaking Defense.

Trump's massive defense budget, depleted war machine, spark U.S. state battle for business and jobs

Trump's huge defense budget request and a race to replenish weapons stocks while building hypersonic missiles lead to war between U.S. states for jobs.

◇ unclassifiedgermany · europe · usa

Armor: Hensoldt affected by Aus for Frigate F126

Federal Defense Minister Boris Pistorius stopped the construction of six F126 frigates last week. The sensor specialist is hoping for new orders.

◇ unclassifiedusa · europe · germany

Ascendant Paris to hold European-flavored Bastille Day flyover with nuclear undertones

The symbolism is notable as all four participating countries have signed up for some variation of France’s promised forward nuclear-deterrence scheme.

Armor: Hensoldt affected by Aus for Frigate F126

Last week the Defense Minister announced the end of the naval project. In addition to Rheinmetall, the defense company Hensoldt is also affected.

◇ unclassifiedchina · asia · uk

UK lays out defence plan with drones, self-flying fighter jets, no-crew submarines

Self-flying fighter jets, uncrewed submarines and drones will be at the centre of Britain’s future military under a defence plan announced on Tuesday that reflects a world of conflicts transformed by technology. Prime Minister Keir Starmer said Britain would spend almost £300 billion (US$397 billion) over the next four years to modernise its armed forces amid rising threats. Starmer, expected to leave office next month after losing the support of Labour MPs, announced an increase in defence...

◇ unclassifiedchina · asia · russia

Should China worry more about keeping defence customers than winning new deals?

Retaining existing customers and a potential resurgence of Russian competition may be among the biggest challenges for sales of Chinese weapons systems, according to a report from an Indian think tank. The study, published this month by the Bengaluru-based Takshashila Institution, questioned whether weapons made in China were “foolproof or in muddy waters” and cautioned against the “reductive assumption that Chinese weaponry is uniformly poor in quality”. Instead, the report’s author Anushka...

Arms industry: Arms boom: Where there is unused potential in Germany

The federal government wants to make the country defensible with record spending. The money hasn't reached everyone yet. An exclusive analysis shows which regions can benefit.

◇ unclassifiedchina · asia

Nepal’s bird flu outbreak spreads, breeding pandemic mutation fears

Nepal has culled more than 600,000 birds and destroyed around 1 million eggs as an H5N1 bird flu outbreak spreads across the Kathmandu Valley, shutting the capital’s only zoo and raising fears among scientists over the virus’ potential to mutate into a form transmissible between humans. The outbreak began in eastern Nepal in March before reaching the densely populated valley around mid-June – a development that health experts say raises the risk of human exposure. More than 60 poultry farms...

◇ unclassifiedchina · asia

Hong Kong’s first batch of free PLA ship tour tickets gone within 4 minutes

Hongkongers have snapped up the first batch of free tickets to visit two PLA naval ships within minutes of their release for a weekend port call in the city. A South China Morning Post reporter observed that the initial batch was gone within four minutes after being released at 10am on Tuesday. On Monday, China’s Ministry of National Defence said a People’s Liberation Army naval task group would visit Hong Kong waters from Thursday to next Monday to mark the 29th anniversary of the city’s return

Arms industry: Arms boom: Where there is unused potential in Germany

The federal government wants to make the country defensible with record spending. The money hasn't reached everyone yet. An exclusive analysis shows which regions can benefit.

In Defence Investment Plan preview, Britain bets big on drones, ‘hybrid’ navy

The Ministry of Defence has said the plan will pursue at least six “hybrid” warships designed to work with unmanned systems in the air and at sea.

11d06/29

Industry lobbyists push House committee to block a ban on Pentagon defense contractors buying back their own stock

Defense companies and their trade groups are pressing Congress not to require that the Pentagon approve stock buybacks.

11d06/29

Rocket Lab to buy satellite communications firm Iridium

“Vertical integration is at the heart of this combination – the ability to build, launch, and operate our own spacecraft quickly and cost-effectively,” a Rocket Lab spokesperson told Breaking Defense.

12d06/29⚠ war-conflict · 3/5

USMC awards $20 million contract for first autonomous ground vehicles

The Marine Corps is pursuing a first-of-its-kind $20 million production contract for fully autonomous ground vehicles.

Laser weapons aren’t science fiction anymore — and they are flipping the math on defense stocks

Why Palantir and Elbit are top plays in the booming counterdrone market.

Social◇ unclassifiedgermany · europe

#003 | About HOT US inflation, BREXIT review and Rheinmetall! 🦆

Good evening on the floor! The Schnattersee 🦆 has produced new material! In this episode we talk about US inflation data, take a quick look back at Brexit, and talk about various issues at OpenAI, MicroStrategy and Rheinmetall. There is also a small insight into the quarterly figures for the current week. As always, we look forward to your feedback, your topic requests and thank you for listening :) submitted by /u/Alpha3K [link] [comments]

Defense: Pistorius in Estonia – new NATO headquarters takes over

A new headquarters for Estonia and Latvia is intended to strengthen NATO's eastern flank. Germany and the Netherlands are taking on more responsibility for alliance defense.

12d06/29⚠ war-conflict · 3/5

Romania buys Spyder air defense system as part of ‘largest deal’ in Rafael history, CEO says

Romania has taken a number of steps to upgrade its defenses amid the war in Ukraine just across its border, including acquiring other Israeli systems.

The Navy can’t afford to slow-roll its new trainer, even as competitors drop

With Boeing and Lockheed both dropping out of the competition to replace the Navy’s T-45, service officials need to press ahead, columnist Robbin Laird writes.

Honeywell Aerospace begins trading as standalone company

Honeywell previously announced in February 2025 its strategy to split its businesses into three parts.