Italian ship manufacturer Fincantieri is preparing for the anticipated growth of the undersea market over the coming years, according to company CEO Pierroberto Folgiero. In an interview with Breaking Defense, Folgiero predicted that the market would be worth up to $400 billion by 2030. “Underwater will be what was space 40 years ago,” the CEO...
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Tag: Breaking Defense
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Defense Analysts See Increasing Defense Deals Between Non-US Companies, Arab Countries
U.S. export controls, the political stance of the U.S. government and the emergence of new defense companies are seen affecting the sale of American weapons to Arab countries, including the United Arab Emirates and Saudi Arabia. According to a U.S. defense industry source, non-U.S. companies seem to have dominated defense deals in the region. Another...
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New Security Center in Australia Provides More Data Access to US Allies
The United States has established a new mission partner environment in Australia, allowing allied countries to have access to all information they need to conduct operations in various domains. The Combined Joint Network Operations Security Center enabled sharing of communications, targeting and other data among military personnel from 13 Indo-Pacific countries that participated in the...
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NZ Eyes Increased Pacific Presence Under New National Security Strategy
New Zealand will increase information sharing with its partners in the Pacific and create a new Pacific national security and intelligence coordinator role as part of its newly released strategy that aims to address security challenges and establish a greater presence in the region. The National Security Strategy was published along with a Defense Policy...
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Poland Green-Lights Purchase of Modern Combat Vehicles
Poland’s Ministry of National Defence has signed three contracts with companies from the Polish Armaments Group to acquire modern light reconnaissance vehicles, heavy infantry combat vehicles and armored personnel carriers. The first deal, worth $290 million, involves the supply of approximately 400 light reconnaissance vehicles to the Polish Army, according to Breaking Defense. PGZ and...
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US Confirms Delivery of Protector-Class Patrol Boats to Lebanon
The Lebanese navy is set to receive three Protector-class patrol boats from the United States on Aug. 21, a spokesperson for the Department of State confirmed. The delivery is part of a Foreign Military Sales agreement with Lebanon and includes maintenance and training support for the Lebanese armed forces, the official said, adding that crew...
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Israel, Germany Jumpstart $3.5B Deal on Arrow 3 Air Defense
Israel has signed a $3.5 billion agreement to equip Germany with the Arrow 3 air defense system. German Defense Minister Boris Pistorius welcomed his Israeli counterpart, Yoav Gallant, in Berlin on Thursday for the signing ceremony of an official letter of commitment between the two countries, Breaking Defense reported. In a statement, Israel’s Ministry of...
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Sweden to Deploy More Military Units in Arctic Region to Counter Russian Threat
Sweden is increasing its military presence in the country’s northern areas in response to Russia’s growing defense footprint in the Arctic region, according to Swedish Defense Minister Pål Jonson. At the Warsaw Security Forum on Wednesday, Jonson bared that his country is also expanding on existing defense collaborations with Norway and Finland to bolster response...
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Rheinmetall Exec: Ukrainian Conflict Highlights Importance of Modern Artillery Cannon, Propellant
The war in Ukraine has highlighted the need for tactical artillery range dominance to support readiness for large-scale combat operations, according to Jon Milner, director of business development for weapon and ammunition at American Rheinmetall Defense. In an interview with Breaking Defense on Monday, Milner said Russia has turned the conflict into an artillery showdown...
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Norway’s Nammo Says Arms Producers Need Long-Term Contracts From European Customers
Norway’s Nammo has called on European countries to provide arms producers with long-term contracts to support an industry with profitable operations. Nammo CEO Morten Brandtaeg told Breaking Defense that 10 to 15 years of production agreements would enable arms manufacturers to sustain industry investments. In an interview with the publication on the sidelines of the...