Business
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Jun- 2024 -24 June
Canadian Military to Receive Over 1,500 Mercedes-Benz Zetros Trucks
Mercedes-Benz Special Trucks will deliver over 1,500 Zetros logistics trucks to the Canadian Armed Forces.
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24 June
KNDS, Leonardo Cancel Battle Tank, IFV Partnership
KNDS and Leonardo have called off a potential partnership to develop Leopard 2 A8 battle tanks and a new infantry fighting vehicle.
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21 June
Honeywell to Acquire EW Tech Maker CAES for $1.9B
American defense giant Honeywell has announced plans to acquire CAES Systems Holdings for $1.9 billion.
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21 June
Kongsberg Unveils Maneuverable Short-Range Air Defense System
Kongsberg Defence & Aerospace unveiled a highly mobile, ground-based air defense system designed for maneuvering army units.
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21 June
Rheinmetall Gets Record $9.1B Ammo Order
German weapons manufacturer Rheinmetall said Thursday it received a record 8.5 billion euro ($9.1 billion) order for artillery ammunition from the country’s armed forces, with some destined for allies including Ukraine. The order from the military, which is in the midst of an overhaul triggered by Russia’s war in Ukraine, is for 155 mm rounds. The commonly used rounds are crucial for Ukraine’s outgunned forces, which have suffered battlefield setbacks against Moscow in recent times amid manpower and ammunition shortages. “The main purpose of the order is to replenish the stocks held by the Bundeswehr and its allies, as well as to provide support to Ukraine in its defence campaign,” said Rheinmetall in a statement. Rheinmetall chief executive Armin Papperger hailed “the largest order in our company’s recent history.” Deliveries will begin at the start of 2025. As well as Ukraine, the Netherlands, Estonia, and Denmark are participating in the order, the company said. The contract will ensure enough work for a new factory that Rheinmetall is building in Lower Saxony state, northwestern Germany, the Düsseldorf-based company said. Kyiv’s European allies have struggled to produce enough ammunition to help Ukraine in its fight against Russia. Rheinmetall has been racing to …
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20 June
MBDA Unveils Ground-Based Cruise Missile Capable of ‘Deep Strikes’
MBDA unveiled a ground-launched cruise missile capable of long-range precision strikes this week.
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20 June
Northrop Planning Ammunition Production in Ukraine: Official
Northrop Grumman is planning to produce medium caliber ammunition in Ukraine, a company official revealed at the Eurosatory arms show in Paris.
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20 June
NATO Launches $644M NH90 Helicopter Fleet Upgrade
NHIndustries and the NATO Helicopter Management Agency have signed a contract to upgrade the NH90 helicopter.
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20 June
European Nations Order $100M in 155mm Shells From Singapore Firm
ST Engineering has clinched over $100 million in contracts to supply NATO standard 155mm ammunition for European countries.
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19 June
US Approves Arming Taiwan With $360M in Loitering Munitions
The US State Department has approved the sale of loitering munitions to Taiwan for a total of around $360 million.
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