Browsing Tag

European Investments

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.

The UK Royal Navy Invests $162 Million Into Research on Futuristic Weapons

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.

Qatar`s Deal for Eurofighter Typhoon with UK is Largest Ever, Experts said

LONDON, (BM) - Qatar's deal with the United Kingdom in 2018 to procure Eurofighter Typhoon multirole fighters and BAE Systems Hawk advanced jet trainers is the largest deal to have been supported through UK export credit, it has been revealed, learned BulgarianMilitary.com, quoting Jane`s. Read more: RAF Lossiemouth Has Received a Fourth

The EU Council Expects 3-4% Rise in EU Defence Spending

BRUSSELS (BM) - The EU Council reported last week a rise in defense spending over the past two years. According to data for 2018, the increase in these expenses was 3.3 per cent, and this year is expected to reach 4.6 per cent, learned BulgarianMilitary.com, quoting Novinite. The Council invites EU countries to continue working towards better

Germany is Ready to Raise Its Share of NATO’s Budget to €47.3 Billion This Year

BERLIN (BM) - Germany is ready to raise its share of NATO's budget by €5 billion ($5.6 billion) to €47.3 billion this year, learned BulgarianMilitary.com, quoting DW. Read more: Egypt Will Buy Six Frigates from Germany at a Total Value of 2.3 Billion Euros The increase would amount to 1.35% of gross domestic product (GDP) — still a long

The Defence Company Babcock Received a HMS Queen Elizabeth Maintenance Contract

LONDON, the UK (BulgarianMilitary.com) - The defence company Babcock received a HMS Queen Elizabeth maintenance contract. That was announced by the UK Ministry of Defence on 9th January 2019, learned BulgarianMilitary.com Under the £5 million contract, Babcock's Rosyth dockyard will execute the first planned dry-dock maintenance of the largest

Rheinmetall Boasted of a Multi-Million-Euro Order from the Bundeswehr

DÜSSELDORF, Germany (BulgarianMilitary.com) – Yesterday, 18 December 2018, Rheinmetall boasted of a multi-million-euro order from the Bundeswehr, under which the company will retrofit the German fleet of Bergepanzer 3 armoured recovery vehicles, the BPz3, with battlefield recovery equipment due to changed operational requirements, learned

GKN Aerospace Norway Announced a $66M Contract for F135 Engine Components

KONGSBERG, Norway (BulgarianMilitary.com) - GKN Aerospace Norway announced last week that the company has signed an eight-year contract with Pratt & Whitney for the manufacturing of F135 engine components that include diffuser cases, low pressure turbine cases and shafts, learned BulgarianMilitary.com The scope of the contract also includes…

Leonardo Announced a €280 Million AW169M Contract with Guardia di Finanza

ROME, Italy (BulgarianMilitary.com) – Leonardo announced today, 12th November 2018, that the company has concluded a contract with Italy’s Guardia di Finanza for twenty-two of the new AW169M helicopter version, including a comprehensive support and training package, at the amount of €280 million, learned BulgarianMilitary.com Read more: Leonardo…

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