European Investments

SOFIA, (BM) - Bulgaria's defence ministry said at September 13 that it has launched a tender for signing a four-year framework agreement for supply of training propeller aircraft and related services, worth an estimated 2.5 million levs ($1.4 million/1.3 million euro), learned BulgarianMilitary.com. Read more: Bulgaria Provided $ 46,6 Million…

BUCHAREST, (BM) - Following the tensions in Romania over the anti-Saudi air defense system from Bucharest, a statement was announced that the state plans to spend an additional 2,5 billion euros to “improve the security system”, learned BulgarianMilitary.com. In Romania, it must be recalled, there is an American missile defense facility. …

WASHINGTON, (BM) - The State Department has made a determination approving a possible Foreign Military Sale to Lithuania of five hundred Joint Light Tactical Vehicles with support for an estimated cost of $170.8 million, learned BulgarianMilitary.com, quoting Defene 360 Europe. Read more: Lithuania and Poland Discussed Military Cooperation…

SOFIA, (BM) - The government has fulfilled its commitment and provided BGN 82.510 ($46,6) million to the Ministry of Defense for the aircraft, Prime Minister Boyko Borisov announced on his Facebook page, learned BulgarianMilitary.com. Read more: Bulgaria Invites Russian Specialists to Repair Su-25 Together With the Bulgarian Company “Avionams”…

PRAGUE, (BM) - The Czech Republic will buy 12 military helicopters from U.S. maker Bell in a deal priced at 14.5 billion crowns ($622 million), learned BulgarianMilitary.com, quoting Defence 360 Europe and according Defence Minister Lubomir Metnar statement on Thursday. The Czech Republic, a NATO member, has pledged to raise defense…

STOCKHOLM, (BM) - The Belgian Army has awarded Saab an SEK160 million (USD17 million) contract for live training systems, the company announced on 19 August, learned BulgarianMilitary.com, quoting Defence 360 Europe. The equipment is to be delivered in 2021. Read more: Indra Has Developed an Innovative Military Training Simulator With the…

LONDON, (BM) - The £346.7 ($426) million contract, signed with Rolls-Royce, will provide maintenance support for the EJ200 engine up to 2024 as the Typhoon continues to form the backbone of the RAF’s fighter jet fleet, learned BulgarianMilitary.com. Already this year, RAF Typhoon jets have led the fight against Daesh in Iraq and Syria as part…

SOFIA, (BM) - Bulgaria has sent a request to four European countries for proposals for 150 armored vehicles, the defense ministry said on Tuesday, learned BulgarianMilitary.com, quoting Reuters. The Balkan state, which joined NATO in 2004, has called for bids in a 1.46 billion levs ($836.24 million) tender from Germany, Finland, France and…

BERLIN, (BM) - The Rheinmetall Group in Düsseldorf ended the first half of 2019 with increased sales, another improvement in consolidated operating earnings and a higher operating margin, learned BulgarianMilitary.com, according company statement. This performance is being driven by the technology group’s Defence sector, which is achieving…

WASHINGTON, (BM) - Slovak Republic is going to pay totaling $800 million for 14 F-16s Block70, learned BulgarianMilitary.com, according U.S. DoD statement. According the statement, Lockheed Martin has been awarded a $799,955,939 firm-fixed-price incentive contract for F-16 aircraft production. Read more: Slovakia Has Decided to Replace its…

ROME, (BM) - Leonardo's Board of Directors, convened yesterday under the Chairmanship of Gianni De Gennaro, examined and unanimously approved the results of the first half 2019, learned BulgarianMilitary.com, according the company statement. Alessandro Profumo, Leonardo CEO stated “The first half 2019 results are again in line with expectations…

ANDOVER, (BM) - Raytheon Company is upgrading Germany's Patriot Integrated Air and Missile Defense System to the most current configuration available under a $105.5 million direct commercial sales contract from the NATO Support and Procurement Agency, learned BulgarianMilitary.com, according Raytheon statement. Read more: Rheinmetall and BAE…

TRIESTE, (BM) - The Board of Directors of FINCANTIERI S.p.A., chaired by Giampiero Massolo, has examined and approved the Half year financial report at 30 June 2019, prepared in accordance with the international financial reporting standards (IAS/IFRS), learned BulgarianMilitary.com, according company statement. During the Board meeting…

PARIS, (BM) - Naval Group reported second quarter 2019 net sales of $1,8 billion, learned BulgarianMilitary.com, according company statement. Commenting these results, Frank Le Rebeller, Senior Executive Vice President Finance, Legal and Purchasing, said: “The H1 results for 2019 show a slightly higher than expected operating profit and we…

BERLIN, (BM) - Rheinmetall is taking on a key role in equipping the NATO spearhead Very High Joint Readiness Task Force 2023 (VJTF 2023), which will be furnished by the German Bundeswehr, learned BulgarianMilitary.com, according Rheinmetall statement. Contracts have now been awarded to a consortium for the “System Panzergrenadier VJTF 2023”…

MADRID, (BM) - The Council of Ministers has approved the conclusion of a contract for the manufacture of 8x8 wheeled combat vehicles, learned BulgarianMilitary.com, quoting Defense Aerospace. The object of the contract is the supply of manufacturing of the first production batch of 348 Vehiculos de Combate a Ruedas (8x8 Wheeled Combat Vehicles,…

WASHINGTON, (BM) - The State Department has cleared a possible $600 million foreign military sale of seven MH-60R Seahawk Multi-Mission helicopters to Greece, learned BulgarianMilitary.com, quoting Defense News. Congress was notified of the sale July 12, according to an announcement posted to the Defense Security Cooperation Agency’s website.…

LONDON, (BM) - The UK MoD is pumping $162 million into research on futuristic weapons to knock out enemy missiles, aircraft, computers and electronic networks, learned BulgarianMilitary.com Laser and radio frequency weaponry – powered by electricity and with no ammunition – could give British forces the edge on the battlefield of tomorrow. …

SINGAPORE, (BM) - Italian aerospace and defense firm Leonardo SpA and France’s Thales SA are considering the joint acquisition of a space business from U.S. firm Maxar Technologies Inc (MAXR.N), Leonardo’s CEO said on Tuesday, learned BulgarianMilitary.com, quoting Reuters. The sale of the business - dubbed MacDonald, Dettwiler and Associates…

WASHINGTON, (BM) - Argentina, Djibouti, Iraq, Lebanon and Romania purchase family of medium tactical vehicle variants by Oshkosh totaling $320 million, learned BulgarianMilitary.com. Read more: BAE Systems Develops New Amphibious Combat Vehicle for U.S. Marine According US Department of Defense work will be performed in Oshkosh, Wisconsin,…