Finance news

Trump flies old Air Force One out of Turkey, switches to new jet in Britain for trip home

President Donald Trump unexpectedly left Turkey on Wednesday aboard an older Air Force One rather than the newly renovated Qatari-donated jet.

UK eyes $50 billion in pooled NATO funds for new long-range strike initiative

Details were scant about a project that may amount to another European weapons-coordination umbrella rather than new technology development.

Defying Trump, Italy’s Meloni ‘maintaining’ hard line against Iran war help

At the start of the NATO Summit, the American president lambasted allied nations that refused to aid in US strikes against Tehran, including Italy.

Why DoD, Silicon Valley now are betting on solar power beaming sats

“Space Operational Energy is a growing focus for us. We hope to host industry days and create avenues for collaboration with industry partners in the near future,” an Air Force spokesperson told Breaking Defense.

Up to 100 gigawatts: China unveils its high-power microwave weapon arsenal

China’s high-power microwave (HPM) weapons can deliver an output of up to 100 gigawatts (GW), according to defence scientists – a milestone that could transform the future of warfare and stimulate advancements in civilian research and industry. In a paper published this month in the journal High Power Laser and Particle Beams, researchers from the National University of Defence Technology (NUDT) detailed a series of advanced pulsed-power devices built by China’s military in recent years. This is

Germany to buy US Tomahawks in shift toward own long-range capability

Germany will purchase Tomahawk cruise missiles from the United States and station them on German soil.

Ukrainian ground robot maker doubles production, eyes ventures with foreign partners

“The most important mission that we have now is the robotization of the battlefield, because only this will allow our country to win the war.”

There’s promise — and pitfalls — in the Army’s low-cost interceptor plan, experts say

Two analysts and a former defense official praised the Army’s new LCI program, while also pointing to concerns over production bottlenecks, budget constraints and testing procedures.

went 30% cash on tuesday when iran escalated,now i am questioning every decision I made.

I made what felt like a sensible call tuesday evening, moved 30% of my portfolio to cash when I saw US iran strikes breaking and felt validated on wed when the fow dropped 576 points and oil spiked 5%. Well today futures are mixed,the selloff seems to be stabilizing and energy and defense rotation is continuing but the broader panic appears to be cooling and alsoo pepsico is reporting Q2 earnings before the open this morning ( a stock I trimmed tues thats down 16% from highs) The exit was clean

Authorities investigate suspected fuel leak from cargo plane at Hong Kong airport

Authorities are investigating a suspected fuel leak from a cargo aircraft at Hong Kong airport that prompted an emergency response from police and firefighters, the South China Morning Post has learned. A source said the airport control centre alerted police to a fuel leak from a Boeing 747 cargo aircraft operating flight CV531 at around 8.32am on Thursday, later confirmed to be from the aircraft’s left wing. “The aircraft was parked outside the Cathay Pacific Cargo Terminal at that time,” a...

Billion dollar deal: Deutz wants to buy arms manufacturer FFG

The oldest engine manufacturer in the world has long wanted to emancipate itself from pure combustion engines. Now the Cologne company is taking a big step.

Bonnie Tyler, singer of epic ‘Total Eclipse of the Heart’ dies at 75

Bonnie Tyler, the gravelly voiced, Grammy-nominated Welsh pop star best known for singing the chart-topping power ballad “Total Eclipse of the Heart” in 1983 and seeing new generations succumb to its bombastic charms during solar and lunar eclipses, has died. She was 75. Tyler died “unexpectedly” in a hospital in Portugal where she was being treated for an illness, her family said on Thursday in a statement on her website. She was hospitalised in May in Faro, where she had a home, for emergency.

PanzerGetriebe: Renk is benefiting more and more from the demand for armaments

The order backlog is at an all-time high of more than seven billion euros. CEO Alexander Sagel is now expanding the business with takeovers.

North Korea’s premier heads to China for defence treaty anniversary as allies extend thaw

North Korean Premier Pak Thae-song will arrive in China on Friday for a three-day trip to mark the anniversary of a friendship treaty between the two countries, in another sign of improving ties between the two traditional allies. This year is the 65th anniversary of the signing of the China-North Korea Treaty of Friendship, Cooperation, and Mutual Assistance, Beijing’s only formal defence pact, and Pak will be at the head of a party and government delegation. “China and North Korea are...

Australia and India seal uranium export pact, boost defense ties

NATO summit: Germany buys Tomahawk cruise missiles from the USA

The US did not want to deploy the Tomahawk missiles. Now there is an agreement: Germany is buying the weapons system.

Tanks and transporters: Deutz wants to buy armaments company FFG

The engine manufacturer Deutz is on a shopping spree. The company is now making a major acquisition to strengthen its defense business.

Armament: Germany buys Tomahawk cruise missiles from the USA

The US government has rejected the agreed deployment of Tomahawk cruise missiles under Trump. Now there is an agreement: Germany is buying the weapons system.

Tanks and transporters: Billion acquisition: Deutz wants to buy arms company FFG

The engine manufacturer Deutz is on a buying spree, announcing one acquisition after another. The company is now making a major acquisition to strengthen its defense business.

Armament: Billion dollar deal: Deutz takes over defense technology company and expands defense business

With Flensburger Fahrzeugbau Gesellschaft, the engine manufacturer secures access to the complete military vehicle business. The purchase price is in the billions

South Korea set to power US fight for naval dominance amid rising geopolitical tensions

The United States is turning to South Korea’s world-leading shipbuilding industry to refresh its ageing naval fleet, a move set to expand the bilateral alliance beyond security into defence manufacturing, technology and industrial production. The approach reflects Washington’s efforts to address long-standing problems in its own industry, according to analysts – chronic construction delays, cost overruns, shortages of skilled workers and supply chain constraints among them. It also signals a...

Airplane: Navy collects debris from Boeing - search for crew

A Pakistani cargo plane crashes into the Arabian Sea. After twelve hours of searching, the first pieces of rubble were found. What about the crew?

US says China gave only hours’ warning before Pacific submarine missile launch

Washington criticised China on Wednesday for providing only a few hours’ notice ahead of its launch of a submarine-fired ballistic missile into the Pacific, saying Beijing’s actions fell short of standards followed by other major nuclear powers. The US State Department said China failed to provide sufficient information ahead of Sunday’s test, which it said took place amid Beijing’s “rapid and opaque nuclear weapons build-up”. “We monitored China’s submarine-launched ballistic missile test on...

Nato summit delivers unity and billions in defence deals, Rutte says

Nato Secretary General Mark Rutte defended US President Donald Trump’s criticism of the transatlantic security alliance, while saying this year’s summit showed “a huge sense of unity” and produced procurement plans worth tens of billions of dollars. During a press conference after the North Atlantic Council meeting of leaders at the Nato summit hosted by Turkey in Ankara on Wednesday, Rutte said this year’s gathering had resulted in more than US$50 billion in procurement deals as part of efforts

Trump surprises Nato allies with arms deals and praise as summit ends positively

US President Donald Trump has promised new arms sales in Europe, including advanced air defence systems to Nato allies and Ukraine, as the transatlantic alliance ramps up its military partnership, signalling a potential thaw after Trump repeatedly railed against the coalition. In a press conference on the last day of the Nato summit in Ankara, Turkey, on Wednesday, Trump said that as European nations rebuild their militaries, American equipment will be the “largest beneficiary”, claiming US$3...

Trump leaves summit praising NATO ‘unification,’ floats Ukraine-made Patriots

Kyiv has sought more Patriot interceptors to aid in its defense against Russian missiles and drones.

Space Force adds two startups to small, medium launch pool

The two additions to SSC’s National Security Space Launch Phase 3 Lane 1 program bring the total number of qualified launch providers to seven.

Trump unexpectedly switches back to old Air Force One, sidelining Qatari jet

US President Donald Trump said on Wednesday that he would fly from Turkey to Britain on an older Air Force One aircraft, an unexpected switch that raised questions about a retrofitted Boeing 747 donated by Qatar that ‌he unveiled only weeks ago as his new presidential jet. The trip to Turkey was the first international trip for the new plane. The switch follows months of scrutiny over the luxury gift intended to serve as a temporary replacement while Boeing struggles to deliver long-delayed...

Eight NATO allies to create new satellite mega-constellation

The network will involve Denmark, Canada, Finland, Germany, Norway, the Netherlands, Sweden and Turkey.

Pentagon to explore cheaper replacements for the MQ-9 Reaper

The Massed Modular Aircraft project aims to develop a drone that can operate in such large numbers that it can absorb losses and still overwhelm defenses.