Finance news

Nose down: Lufthansa investigating Boeing 787 landing gear collapse in Frankfurt

German airline Lufthansa said several employees were injured on Thursday after the nose gear of a Boeing jet collapsed while the aircraft was parked at a gate at Frankfurt Airport. Only crew members and ground staff were on board the Boeing 787-9 Dreamliner when the front tip of the plane crashed to the ground ahead of passenger boarding for a scheduled flight to Los Angeles. The flight was later cancelled. “Several employees were injured and are currently receiving medical attention,” Lufthansa

House passes Ukraine aid bill with new sanctions for Russia

House members voted 226-195 to pass the Ukraine Support Act, which authorizes $8 billion in military finance loans to Ukraine and extends the Ukraine Security Assistance Initiative through 2027.

Accident: Search for the cause of the Dreamliner breakdown

On Thursday morning, the nose gear of a Lufthansa Boeing 787-9 suddenly retracted at Frankfurt Airport. The aircraft, which only went into service in February, was badly damaged.

Boeing boss: “The US President is very actively promoting Boeing”

After the 737 accident and management changes, the current boss sees Boeing on the road to recovery. In the interview, Kelly Ortberg talks about a changing corporate culture, Trump's politics and a possible drone order from the Bundeswehr.

Time to invest in anti drone stocks?

Drones are now the number one cause of casualties in Ukraine. They are also the cheapest way to kill someone, at about $800/casualty. Pretty clear that this is the way war will be conducted in the coming era and that our existing legacy defense hardware is nearly useless in defending against them. I don't think there is a ton of money to be made in drones themselves bc they will be a commodity. However I think anti-drone tech is much harder to commoditize bc it involves multiple layers of system

Cyber Innovation Warfare center will pair industry side-by-side with operators

Elements of the concept are already operational today.

Amendment to eliminate funds for Trump-class battleship falters in HASC defense bill markup

“Whatever the number is [for the BBG(X) program], I’m going to give you right one of the surest fire Kalshi bets you will ever have: Take the over,” said Rep. Adam Smith, D-Wash.

Brazil plans to buy 20 more Gripen fighters

Gen. Marcelo Kanitz Damasceno, the Brazilian air chief, told Breaking Defense that the need for extra jets was born from a serious look at Brazil’s air power.

Pentagon’s Cyber Defense Command drafting plan to defend critical infrastructure

DoD Cyber Defense Command is working to develop a joint task force for defense of critical infrastructure.

Hidden chemical weapons sites emerge in Syria amid fragile security transition

Over a decade after Syria agreed to dismantle its arsenal, international inspectors have uncovered scores of previously hidden chemical weapons materials.

A Navy carrier is about to deploy with a robot ship. Could it change the service forever?

Experts said that this deployment could lay the foundation for how the Navy develops its concept of operations for unmanned systems.

How to boost defense aviation in an election year? Sen. Budd has a few ideas.

North Carolina Sen. Ted Budd outlines his concerns for defense firms as lawmakers get closer to the midterm elections.

Accident: Landing gear of a Lufthansa plane retracts - plane sinks

On Thursday morning, the nose gear of a Lufthansa Boeing 787-9 suddenly retracted at Frankfurt Airport. The aircraft, which only went into service in February, collapsed onto the apron at the gate.

Dutch plant for combat-zone robots offers fresh supply pipeline for Ukraine

The facility has already produced its first THeMIS vehicle for the Dutch government, part of a run of more than 100 such robots pledged by the Netherlands.

Thales ramps up guided rocket production to address increased ME demand

“We more than doubled the [production] number, considering the situation at the moment in the Middle East,” a company executive told Breaking Defense.

Japan’s PM Takaichi eyes India trip for talks with leader Modi

Japanese Prime Minister Sanae Takaichi is considering visiting India early next month to meet with her counterpart Narendra Modi to discuss cooperation on strengthening supply chains of critical goods given concerns about China’s economic coercion, government sources said on Thursday. Takaichi aims to deepen bilateral collaboration in a wide range of fields covering defence, economic issues and cutting-edge technologies such as semiconductors and artificial intelligence, according to the...

Rheinmetall sells struggling auto division to focus on defense

The unit will be sold to Aequita for a provisional €350 million, subject to potential adjustment when the deal closes, expected in the fourth quarter.

Trump Plans $700 Million Lifeline for U.S. Coal Power Plants

President Donald Trump plans to allocate a support package of $700 million for coal power generation, Reuters has reported, citing an unnamed White House official ahead of a formal announcement by the U.S. President. The plan is to invoke the 1950 Defense Production Act, which grants the president of the country powers to provide financial support to industries considered critical for national security. The money will be used to upgrade more than 12 coal power plants, the report said. Of the tot

F.A.Z. podcast series: A legend fights for survival

“The VW Story”: Will Volkswagen soon be building armaments instead of cars? The company is deep in crisis. 2026 will be a fateful year. Will the company turn things around? Listen to the FAZ podcast now!

Exclusive: Electricity network operators believe energy transition goals are not achievable

A survey among electricity distribution network operators reveals great pessimism in the industry. This is an alarm signal for politics.

How Beijing could use its military and trade to hit back at Tokyo-Manila ties

Beijing could conduct military operations, bolster its electronic warfare strength and roll out trade sanctions in response to Tokyo and Manila’s deepening defence cooperation, according to Chinese experts. Last week, Manila and Tokyo announced they would launch negotiations on the maritime boundary of their exclusive economic zones and continental shelves around Taiwan, a move that Beijing called “completely illegal and invalid”. In a report on Wednesday, the Beijing Lande Information...

Armament program: North Korea's ruler wants to radically expand its nuclear weapons stockpile

North Korean President Kim Jong Un wants to dramatically expand the country's nuclear forces. In doing so, he is continuing his course of nuclear armament - despite rigid UN sanctions.

Nokia’s quantum-safe integration with QuStream that hasn’t been widely disclosed yet

Been digging into some quantum security stuff and came across what looks like a quiet collaboration between Nokia and a smaller player called QuStream. At Nokia’s Swiss Innovation Day this year, QuStream’s CEO Adrian Neal (who also leads post-quantum at Capgemini) presented their joint work. They’re running QuStream’s Quantum Safe Network (QQSN) on Nokia’s high-performance hardware, with firmware integration and upgrades planned. The tech stands out: it uses information-theoretic security with p

US’ Bessent says China eyeing more Boeing purchases ahead of Xi visit

US Treasury Secretary Scott Bessent claimed on Wednesday that China is “very interested” in additional Boeing plane purchases, an issue the Trump administration plans to press when President Xi Jinping visits the United States in September. “They agreed to 200 aeroplanes during the visit. We will see if they commit to a larger number when Xi Jinping arrives in Washington,” Bessent said in his budget request testimony to the Senate Finance Committee. China’s commitment to buy 200 Boeing aircraft.

Analysis: Why China's defense minister skipped the Shangri-La Dialogue

Experts warn terrorism threat is rising in Africa as US pulls back

A jihadist front is gaining ground across Africa, the Center for Strategic and International Studies warned in its annual risk analysis.

Air Force awards GE, Rolls-Royce for ‘medium thrust’ drone engines

The two engine makers will advance designs to power medium thrust class drones, an Air Force spokesperson told Breaking Defense.

Marine Corps’ Harrier completes final flight following SOUTHCOM deployment

The Marine Corps is moving through its Tactical Aircraft Transition Plan as it plans to fully adopt fifth-generation aircraft across the entire fleet.

The biggest industry, training hurdles for making drone wingman a reality

In our final video looking at manned-unmanned teaming, we consider likely changes ahead for defense manufacturers as the US increasingly partners with drones in combat.

Anduril teams with Elbit America for Army’s self-propelled howitzer competition

Anduril joins the US subsidiary of Israeli company Elbit along with OshKosh Defense for the team’s offering for the highly anticipated competition.