Finance news

ICEYE to double radar-satellite capacity by late 2027 as demand surges

The company's goal is to ramp up production to two satellites a week as it responds to surging demand from European militaries.

Budget: The federal government is sticking to its debt planning for the current year – 138 billion euros in the summer quarter alone

In order to increase the budget for infrastructure and defense, the federal government wants to borrow a record sum. But the high interest rates on government bonds make the national debt more expensive.

Poland buys V-BAT drones to boost Baltic Sea naval operations

The deal puts Poland in line to become the first country on NATO’s eastern flank to acquire the Shield AI-made drone.

As US wavers, ex-minister says Japan and South Korea ‘only have each other’

Japan and South Korea should build a stronger security alliance to anchor regional stability as US commitment to East Asia becomes less certain, former Japanese foreign and defence minister Taro Kono said on Wednesday. “I think it is indispensable for peace and stability for East Asia that Japan and Korea create a very strong security alliance, not just the economy. Japan and Korea need to sit down and discuss security in the region,” Kono said during the “Asia-Pacific in the age of American...

Military service: More young people want to join the Bundeswehr

More and more young people want to join the Bundeswehr. The Ministry of Defense is drawing positive conclusions a good five months after the start of the new military service law.

Family holding: More defense, less VW: Porsche SE wants to diversify more

VW's major shareholder has six unicorns in its portfolio. Porsche SE wants to make itself more independent from the car business. However, the company lost out to the ship engine manufacturer Everllance.

Business ticker: Anthropic accuses Alibaba of a large-scale copy attack

Allegedly 29 million unauthorized accesses +++ Oil prices fall to their lowest level since the start of the Iran war +++ Rheinmetall share price falls by 17 percent +++ Ifo index increases after Iran agreement +++ News in the company live blog.

What Keir Starmers' resignation means for European security

British Prime Minister Keir Starmer was widely known for his support of Ukraine and his efforts towards a new EU–UK defense partnership. What will happen to those policies now that Starmer has announced his resignation? submitted by /u/Any-Original-6113 [link] [comments]

India catching up on China's arsenal with focus on longer-range weapons

Trump meets munitions makers amid push to replenish weapons stockpiles

Pentagon negotiators are pressing contractors to move much faster to boost output.

Interview: Baerbock criticizes Trump: “What has been achieved with this war?”

The President of the UN General Assembly sharply criticizes the USA in an exclusive Handelsblatt interview. And analyzes how the German defeat in the Security Council came about.

House appropriators approve $1T defense bill, adopt ‘War Department’ renaming

No amendments offered by Democrats survived the long mark up session for the fiscal 2027 spending bill.

Rocket Lab, Lockheed Martin among the partners in SpaceX’s military space-laser project

Government documents show a lineup of defense contractors joining SpaceX to create a satellite network to track airborne threats.

Trump meets defense CEOs as Iran operations strain U.S. missile stockpiles

The White House is pressing major defense firms to expand missile and munitions output as Iran talks and weapons stockpile concerns put new pressure on the Pentagon’s industrial base.

Lockheed inks massive THAAD deal worth up to $35B

The company said the contract “puts in action” the THAAD framework agreement Lockheed signed with the DoD in January designed to quadruple interceptor output.

White House asks Congress for $87.6 billion, mostly for Iran war

The request includes $67.15 billion for the military, including $21 billion for munitions and to strengthen the U.S. industrial base.

8 takeaways from the US-Iran war

The war in Iran is effectively over. Although the dust has yet to settle, some lessons are already visible. First, US President Donald Trump has waged a personal war at the world’s expense. Chinese philosopher Lao Tzu warned that arms are ill-omened tools, employed only as a last resort. Trump, who has admitted he doesn’t like to read, may not realise this. Few people know why he ordered a strike on Iran. Maybe kidnapping president Nicolas Maduro in Venezuela was too easy or Israeli Prime...

White House sends $87.6B supplemental to Congress, with $67B for defense

The request includes $21 billion to recoup munitions used in the conflict, as well as other pots of money – some related to the Iran war, some not.

Japan defense forces used USB drives with China-linked virus: Nikkei investigation

Business ticker: Oil prices fall to their lowest level since the start of the Iran war

Brent and WTI are falling significantly +++ Rheinmetall share price falls by 17 percent +++ Ifo index rises after Iran agreement +++ News in the company live blog.

Germany nixes multi-billion-dollar F126 frigate program, opts for MEKOs instead

Germany wants to purchase eight MEKO frigates to conduct anti-submarine warfare and satisfy NATO requirements instead.

US, UK, France, Germany raise alarm about Chinese patrols off eastern Taiwan

The countries said Chinese patrols off the coast of Taiwan threaten regional stability and freedom of navigation.

Boeing wins $2B Space Force contract for 2 new MUOS satellites

Set to be launched “no earlier” than 2031 and 2032, the new satellites will extend the life of the MUOS constellation through 2035, according to SSC.

Pentagon races to spend $152B reconciliation pot — or face cuts

Pentagon program offices are under pressure, juggling the urgency of getting reconciliation funding under contract by Oct. 1 while making sure those contracts include fair pricing and adequate oversight, one defense official told Breaking Defense.

China studied US stealth aircraft — and learned the wrong lessons

An Air Force researcher said China's assessments of U.S. stealth capabilities "diverge from technical reality and operational practice."

Airstrike killed senior ISIS commander in Syria, CENTCOM says

A senior Islamic State leader was killed by an airstrike last week, Central Command announced on Wednesday.

Army’s top general in Europe set to retire next week

Gen. Christopher Donahue is the latest esteemed officer to leave the military under Defense Secretary Pete Hegseth’s tenure.

Biodefense: “Cheaper than atomic bombs” – genetic engineering and AI create new dangers from biological weapons

CEOs from the pharmaceutical and tech industries warn against the misuse of biological weapons technology. This is how companies and politicians are tackling the threat.

Air Force could spend $1.5B, get ‘Doomsday Plane’ data in T-7 engine ‘horse trade’

“There’s goodness in it, but not as a taxpayer,” a source told Breaking Defense about the prospective deal. “And only if the Air Force gets it right with its requirements.”

Weapons company: Rheinmetall share price has halved in nine months

After the start of the war in Ukraine, Rheinmetall's shares rose sharply, and the weapons manufacturer sold many tanks and guns. But the stock market boom has turned into a decline.