Leonardo co-general Manager Lorenzo Mariani said significant consolidation among European defense companies in the future will lead to a healthier defense sector in the region. In an interview with Breaking Defense published on Thursday, Mariani discussed how consolidation differs from the mergers and acquisitions practice in the United States and how it is more similar...
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Tag: defense industry
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Nikon Sees Growing Demand for Its Metal 3D Printing, Legacy Chipmaking Capabilities
Nikon, witnessing a surge in its businesses, is looking to market its metal 3D printers to the U.S. defense and aerospace market. In an interview with Bloomberg TV on Wednesday, Muneaki Tokunari, president and chief financial officer at Nikon, said the Japanese optics and imaging firm is “betting on many things,” one of which is...
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NATO Members Pledge Commitment to Stronger Defense Industry Capability; Jens Stoltenberg Quoted
Leaders of NATO member states have expressed their commitment to an initiative that will improve defense industrial capacity and production among affiliated nations. At the Washington Summit on Wednesday, senior government officials signed the NATO Industrial Capacity Expansion pledge, ensuring that the alliance possesses technologies to defend members from adversaries. Outgoing NATO Secretary General Jens...
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US, Lithuania Defense Leaders Meet to Discuss Weapons Acquisitions, Military Industry Development
Defense leaders from the United States and Lithuania have agreed to cooperate on defense industry development. Greta Monika Tuckute, Lithuania’s vice minister of national defense, met with James Hursch, director of the U.S. Defense Security Cooperation Agency, on Thursday to discuss Vilnius’ increased defense spending. The northeastern European nation confirmed state budget guidelines last week...
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NATO Chief: Defense Industry Offers A Way to Ukraine Peace
NATO Secretary General Jens Stoltenberg said in a speech to address the International Defence Industry Forum in Kyiv on Friday that “weapons for Ukraine are the way to peace.” Stoltenberg also praised the Ukrainian defense industry’s resourcefulness, noting that “from drones to demining,” Ukraine’s defense innovation proceeded at “lightning speed.” The NATO chief, who addressed the...
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Australian Defense Companies Invited to Submit Applications for 2024 Export Catalog
Canberra has begun accepting applications from local defense companies for inclusion in the 2024 edition of a catalog that promotes its products and services to foreign governments. The previous edition of the now-renamed Australian Defence Export Catalogue featured over 250 export-ready products and services. In 2024, renaming the publication reflects “the government’s intent not only...
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Expert: Europe Needs to Strengthen Defense Industrial Sector
The European Union needs a new operational program that will strengthen its defense industrial sector and prepare for future conflicts, according to Christian Moelling, head of the Center for Security and Defense at the German Council on Foreign Relations. Russia’s invasion of Ukraine has shown weaknesses in Europe’s capacity to produce military goods as allies scramble...