New UK Prime Minister Keir Starmer has appointed new defense and transport ministers after sweeping aside the Conservative Party in a July 4 general election.
Germany has awarded Airbus a €2.1 billion ($2.3 billion) contract to build the new SatcomBW 3 constellation due to be deployed before the end of the decade.
Germany’s push to bolster air and missile defense capacity is continuing, as the Bundestag’s budget committee approved funding for four more Patriot systems.
The Bundestag budget committee has given the green light to funding the new Supersonic Strike Missile—known as 3SM Tyrfing—and acquiring at least two satcoms.
The critical design review for the Eurodrone project is now scheduled for May 2025, reflecting delays in completing the program’s preliminary design review.
Norddeutsche Landesbank, active in aircraft financing for over 40 years, plans to sell €1.67 billion of its €2.75 billion aviation portfolio to Deutsche Bank.
With just three weeks left before the UK’s general election, Britain’s two main political parties have laid out their vision for defense in their manifestos.
Lilium CEO Klaus Roewe expects $100 million in loan guarantees from the German and Bavarian governments, while talks with France toward $200 million continue.
Combined German 2023 defense industry sales have advanced 19% year-on-year to €10 billion ($11 billion), ahead of the 18% growth recorded by the civil sector.
