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European Investments

‘Russian threat’ is the major reason Denmark to increase the defense budget

COPENHAGEN, (BM) - Denmark expressed its readiness to triple military spending on military programs in the Arctic region amid the “Russian threat” and the growing split between the United States on the one hand and Russia and China on the other, which could lead to a military conflict in the Arctic, learned BulgarianMilitary.com. Read more:

France Sells 20 Military Patrol Boats to Ukraine Totalling €136.5M

PARIS, (BM) - Ukraine strengthens the protection of maritime borders. According to Ukrainian media, the government approved the purchase of twenty patrol ships (boats) of the French company OSEA, learned BulgarianMilitary.com, quoting Topwar. Read more: Russia is Training a Missile Attack Over Ukraine and has Tactical Groups to Invade in the

BAE Systems Has Received a $120M Contract from the U.S. for Amphibious Vehicles

LONDON, (BM) - BAE Systems has received a $120 million contract from the U.S. Marine Corps for additional Amphibious Combat Vehicles under a third order for Low Rate Initial Production (LRIP), learned BulgarianMilitary.com. Read more: BAE Systems Received a $74.7 Million Contract for Modernization of Holston Ammunition Plant This award is

Bulgaria Plans to Invest $1,4 Million for Propeller Aircraft

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

Romania Plans to Invest €2.5B to Reconstruct Black Sea Air Base

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.

US Sells Lithuania 500 Tactical Vehicles Totaling $171 Million

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

Bulgaria Provided $ 46,6 Million for the Repair of Su-25

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”

Swedish Saab Delivers a Training Center for the Belgian Army Totaling $17 Million

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

UK Plans to Spend $426 Million to Support the Typhoon Fighter Jets Engines

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

Bulgaria Plans to Invest $836 Million for New Armored Vehicles

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

Rheinmetall Group Reported Second Quarter 2019 Net Sales of €2,8 Bn

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

Slovakia Buys 14 F-16s by Lockheed Martin Totaling $800M

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

Leonardo Reported Second Quarter 2019 Revenue of €5,96 Bn

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

Germany Spends $105,5 Million for Patriot Missile Defense System Upgrade

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

Fincantieri Reported Second Quarter 2019 Revenue of €2,8 Bn

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

Naval Group Reported Second Quarter 2019 Net Sales of $1,8 Bn

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

Spain to Spend Totaling €2.5Bn to Renew the Fleet of Combat Vehicles

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,

Greece Buys Seven MH-60R Seahawk Multi-Mission Helicopters Totaling $600 Million

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.

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