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.
Partners in the Eurodrone program have completed the preliminary design review for the twin-engine medium-altitude, long-endurance (MALE) uncrewed air system.
The two German air taxi companies need state support to exit a funding crisis, but party politics and risk aversion may force their sale to foreign investors.
By Joe Anselmo, Jens Flottau, Ben Goldstein, Sergio Cecutta
Investors have plowed billions of dollars into eVTOL ventures but now many are running out of cash. Listen in to hear the latest on the plight of Lilium and Volocopter.
French President Emmanuel Macron has hinted at the creation of a new European defense initiative around providing stronger air and missile defense for Europe.
Spanish defense firm Grupo Oesia will support production of components for Patriot Advanced Capability — 3 (PAC-3) Missile Segment Enhancement (MSE) weapons.