Defense
Rheinmetall sales surge 36% in 2024, as company forecasts ‘major’ military order boom
Rheinmetall MAN Military Vehicle drives on the road on Nov. 20, 2024, in Donetsk Oblast, Ukraine. Yan Dobronosov | Global Images Ukraine | Getty Images German arms maker Rheinmetall on Wednesday said it expects 2025 sales to jump by 25-30% this year, amid expectations of “major high-volume orders from military customers” that could gain a […]
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A European Starlink rival’s shares skyrocketed 390% in a week — here’s why
A satellite dish in a ground network of satellites at Eutelsat’s Madeira office. Photographer: /Bloomberg via Getty Images Zed Jameson | Bloomberg via Getty Images Shares of French satellite operator Eutelsat skyrocketed almost 390% last week — and a potential change of tack in European defense has been helping the rally. The firm’s stock price […]
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Memo says mass layoffs at Veterans’ Affairs will begin early as June
A person walks past the Department of Veterans Affairs headquarters a block from the White House on March 06, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images The Department of Veterans Affairs will begin mass layoffs at the politically sensitive agency as early as June, according to a memo reviewed […]
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Palantir delivers first two AI-enabled systems to U.S. Army
A Palantir Technologies TITAN, Tactical Intelligence Targeting Access Node, for military defense field intelligence deployment, is displayed at the companys booth during the Consumer Electronics Show (CES) in Las Vegas, Nevada on Jan. 5, 2023. Patrick T. Fallon | AFP | Getty Images Palantir is rolling out its first two artificial intelligence-enabled systems to the […]
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It’s a great time to buy defense stocks as DOGE cuts fears are overblown, says Citi
Citi Research thinks the market is failing to correctly price aerospace and defense stocks, leaving open a huge opportunity to buy the dip amid signs of defense spending growth. Defense stocks have taken a hit in recent weeks given uncertainty tied to DOGE’s cost-cutting efforts and President Donald Trump’s mixed messages on his trade and […]
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As Europe ramps up defense spending, Thales CEO presses for the money to stay in the region
Europe should “take its destiny in its own hands” and strive to keep new defense budgets within its own borders, according to the chief executive of French defense giant Thales. The European Union plans to mobilize as much as 800 billion euros ($841 billion) to ramp up defense spending. The announcement came after the U.S. […]
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Asian tech stocks fall as Trump doubles down on tariffs, keeping investors on edge
Employees move semiconductor testers on the assembly line of the Advantest Corp. plant in Ora, Japan on Aug. 10, 2012. Tomohiro Ohsumi | Bloomberg | Getty Images Asian tech and chip-related stocks fell Tuesday after U.S. President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned. Trump said the […]
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South Korean defense stocks track gains in global peers amid rising security concerns
In this handout photo released by the South Korean Defense Ministry, South Korean navy vessels taking part in a naval drill off the east coast on September 4, 2017 in East Sea, South Korea. Getty Images South Korean defense stocks rose Tuesday, in line with a broad-based pickup in defense names globally, as the Russia-Ukraine […]
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EU leaders prepare ‘concrete’ measures on defense financing, sources say
LONDON — The European Union is expected to announce “concrete” measures on boosting defense financing this week, sources told CNBC, as Europe and the United States clash over support for Ukraine. The 27 EU leaders will gather in Brussels on Thursday for a meeting dedicated to defense and support for Ukraine. It follows two particularly […]
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Germany’s election could further boost Europe’s defense sector — and these stocks are set to benefit, analysts say
Germany headed to the polls on Sunday for the country’s federal election, with the result paving the way for a new coalition government. Source
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