Finance news

India, Japan unveil 1st defense codevelopment pact, boost AI, energy ties

UK ratchets up nuclear spending, with new warhead and delivery planes in the works

Central to the current package is Astraea, the warhead designated A21/Mk7 that the Atomic Weapons Establishment has been developing since 2020.

Iran was the most successful failure in US airpower history

The US entered the conflict with a detailed plan for a war of destruction, but no serious plan for Iran’s war of disruption.

Autonomous drone startup Quantum Systems raises $1.2 billion as investors pile into defense

Defense tech startups are raising record amounts on both sides of the Atlantic amid a flurry of investment in the sector.

European tank-maker KNDS postpones IPO due to ‘market volatility’

“KNDS and its shareholders will continue to monitor the capital markets conditions closely and stand ready to resume the IPO process as soon as market conditions allow,” said the European firm.

Is expansion of Philippine bases for US use on track? Chinese think tank weighs in

Satellite imagery shows that Philippine military bases open to US troops have expanded more slowly than expected, according to a Chinese think tank. In a report published on Thursday, the Beijing-based South China Sea Strategic Situation Probing Initiative (SCSPI) zoomed in on the nine sites covered by the Enhanced Defence Cooperation Agreement (EDCA) between the two treaty allies. It said the sites reflected Washington’s efforts to transform the Philippines from a “strategic rear” into a...

India, Japan sign first defense co-development pact, boost AI, energy ties

Russia’s neighbor Lithuania scraps constitutional ban on nuclear weapons. Here's why

The decision comes shortly after lawmakers in Finland voted to lift its longstanding ban on nuclear weapons.

Tank maker KNDS delays stock listing, citing defense-market volatility

“KNDS and its shareholders will continue to monitor the capital markets conditions closely and stand ready to resume the IPO process," the company said.

In ‘red hot’ counter-drone market, Echodyne CEO sees radar demand boom

Defeating drones starts with detection, and suppliers of relatively small and affordable radars are rushing to meet global demand.

Armaments company: Tank manufacturer KNDS puts IPO on hold

Whether it's the Caesar wheeled howitzer, the 2000 self-propelled howitzer or the Leclerc and Leopard main battle tanks: the product range from KNDS is wide. The company set its sights on an IPO. But nothing will come of this for the time being.

Armament: Drone specialist Quantum Systems raises more than a billion euros

The start-up is now valued at more than seven billion dollars. Within a year, it increased its value sevenfold. CEO Florian Seibel reveals the further goals.

Armaments industry: Rheinmetall receives major order for air defense system

Rheinmetall receives a major order for Skynex. Vehicles, ammunition and integrated logistical support have been ordered.

Armament: Rheinmetall receives major order for air defense system

The Düsseldorf-based defense company wants to deliver four Skynex systems to an international customer. The contract value is several hundred million euros.

Tank maker KNDS postpones IPO amid market struggles for defense

Shareholders of the Amsterdam-based company have decided the process to IPO will proceed "upon the return of more favorable market conditions," KNDS said.

Business ticker: New warning strikes announced in retail

Central rallies are planned in seven cities on Friday +++ ECJ confirms billion-dollar fine for Google +++ Defense company KNDS postpones IPO +++ OpenAI offers US government shares +++ News in the company live blog.

Business ticker: Record competition fine: ECJ confirms billion-dollar fine for Google

Defense company KNDS postpones IPO +++ OpenAI offers US government shares +++ Bayer establishes subsidiary for US glyphosate business +++ News in the company live blog.

Singapore to buy more Hellfire missiles after US backs US$22.3 million package

Singapore is set to acquire additional Hellfire missiles after the United States backed a proposed package valued at US$22.3 million. The US State Department said on Tuesday that it has approved the potential sale of an additional 24 AGM-114R Hellfire missiles to Singapore, along with related support services and equipment, bringing the total package to 67 missiles. Hellfire missiles are a type of precision air-to-ground weapon manufactured by Lockheed Martin. The Ministry of Defence (Mindef)...

What Philippine president’s visit reveals about Canada’s Indo-Pacific ambitions

Philippine President Ferdinand Marcos Jnr’s trip to Canada highlights deepening ties at a time when Ottawa is seeking to court middle powers and establish its presence in the Indo-Pacific. Marcos is in the Canadian capital for a four-day visit that started on Wednesday, where he is set to meet Prime Minister Mark Carney in an effort to strengthen cooperation on trade, labour, energy and tourism, and enhance defence and maritime ties. He is also slated to meet Canadian business leaders and...

Armament: Tank manufacturer KNDS postpones IPO

Defense stocks are under pressure on the stock markets. The German-French company is reacting to this and postponing its planned IPO.

Russia launches massive strike on Ukraine as Poland scrambles jets, Finland restricts airspace

The Russian defence ministry said that it launched a "massive strike using long-range precision air, land, and sea-based weapons and attack drones."

Alliance defense: US General Donahue resigns – NATO “stronger than ever”

General Donahue, commander of the US Army in Europe and Africa, is leaving his post in Wiesbaden early. He leaves with words of appreciation for the European allies.

Armaments company: Tank manufacturer KNDS cancels IPO

The planned IPO of tank builder KNDS is put on hold. The company cited market fluctuations as the reason for the unexpected decision.

How North Korean POWs caught Seoul in a Ukraine arms ‘conundrum’

Ukraine’s unresolved decision regarding two North Korean prisoners of war who have said they want to go to South Korea has given Kyiv leverage as it presses Seoul to sell weapons for its war against Russia, observers say. The soldiers, captured in early 2025 after being deployed to Kursk to support Russia’s war effort, are considered South Korean nationals under Seoul’s constitution, which defines the entire Korean peninsula as the country’s territory. Seoul has said it would be willing to...

This is the best time ‘in a generation’ to buy space and defense stocks, analysts say

Wedbush analysts are taking a bullish view of the space sector, initiating coverage of SpaceX and other stocks.

Business ticker: Defense company KNDS postpones IPO

The German-French company is waiting for “more favorable market conditions” +++ Prison sentence for fraud with the “Cleverbuy” portal +++ Sony stops producing video game discs +++ News in the company’s live blog.

IPO date canceled: tank manufacturer KNDS postpones IPO

After the recent price losses in defense stocks, owners consider the market environment to be too weak. The next chance comes in September. The federal government is sticking with its entry.

The US military wants a fleet of laser trucks. Here’s what they might look like.

Two ground vehicles could define how the Pentagon fields high-energy laser weapons at scale.

Space firm Vantor expands portfolio as it tracks ‘geopolitical shift in the marketplace’: CEO

Vantor’s growing international business is about 70 percent defense and 30 percent commercial, CEO Dan Smoot told Breaking Defense.

IPO: Tank manufacturer KNDS postpones IPO

KNDS postpones its planned IPO. After the recent price losses in defense stocks, owners consider the market environment to be too weak.