Defense contracts
European companies are jumping on the defense bandwagon as EU plans security splurge
From cruise ships to telecommunications, European companies are finding ways to increasingly pivot to military contracts as they seek to cash in on a defense boom that’s sweeping the continent. Europe’s defense sector has exploded in value this year, with the industry’s publicly listed companies riding a wave of bullish sentiment that has seen some […]
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Deutsche Bank’s CEO is doubling down on defense investment
Deutsche Bank is doubling down on defense investment as a broader European drive to rearm unlocks fresh capital in the region. Speaking to CNBC’s Annette Weisbach at the Tag der Industrie conference in Berlin on Monday, Deutsche Bank CEO Christian Sewing said that the German lender has increased its exposure to the defense industry to […]
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Musk’s SpaceX is frontrunner to build Trump’s ‘Golden Dome’ missile shield: Reuters
FILE PHOTO: Elon Musk gives a tour to U.S. President-elect Donald Trump and lawmakers of the control room before the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, U.S., November 19, 2024 . Brandon Bell | Via Reuters Elon Musk’s SpaceX and two partners have emerged as frontrunners to […]
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Biden warns on Beijing’s South China Sea moves in Philippines-Japan summit
U.S. President Joe Biden holds a trilateral meeting with Japanese Primary Minister Fumio Kishida (R) and Filipino President Ferdinand Marcos (L) at the White Property on April 11, 2024 in Washington, DC. Leaders from the a few nations are assembly in a initially-ever trilateral summit in a show of solidarity as China’s assertiveness in the […]
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Boeing lost $1.1 billion on Trump Air Force One contract; CEO regrets deal
Boeing disclosed Wednesday that it has lost a whopping $1.1 billion in costs related to its deal with the Trump administration to modify two 747 jumbo jets to serve as Air Force One — and CEO Dave Calhoun admitted the aviation giant “probably” should not have cut the deal in the first place. Even more […]
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