European defense firm KNDS targets 2026 for dual stock exchange listing
The firm, a joint venture between Germany’s Krauss-Maffei Wegmann and France’s Nexter, amassed an order intake of €11.2 billion ($13.1 billion) in 2024.
Leonardo
NH Industries to pay Norway $432M settlement to end NH-90 helicopter contract dispute
As part of the settlement, Norway will also return all 14 of its NH-90 aircraft to NHI, alongside spare parts, tools and mission equipment.
Europe’s strategic autonomy push fuels space mega-merger
“Project Bromo is a sovereignty play,” Caleb Henry, research director at Quilty Space, told Breaking Defense.
Europe’s space merger blasts off: Airbus, Leonardo, Thales sign ‘pivotal milestone’ pact
Stakes in the joint entity, planned to be operational from 2027 once regulatory approval is secured, are split with Airbus retaining a majority of 35 percent, while Leonardo and Thales will each be allocated 32.5 percent stakes.
Leonardo DRS Says Comes Out On Top In DoD Counter-Drone Demo
A Defense Department assessment of dismounted systems for detecting and defeating small drones in contested electromagnetic environments (EME) concluded with Leonardo DRS [DRS] on top, the company said on Thursday […]
Navy preparing for future X-Band Radar competition
The solicitation for fiscal 2026 through 2033 will be to “design the Future X-Band Radar (FXR), and to build, integrate, and test FXR Engineering Development Models (EDMs) and deliver multiple low-rate initial production (LRIP) units,” according to a N…
GCAP 6th-gen fighter project names sensor group, exec doubts changes to ‘core team’
Despite the current drama in the rival FCAS program, Leonardo UK’s Andrew Howard said he expects FCAS to deliver a “very good capability.”
Industry giving little away regarding interest in UK loyal wingman effort
The British military appears to be in the market for “disposable” one-way drones that can carry electronic warfare (EW) and kinetic payloads, “signature managed” aircraft that could offer “reduced detectability” against integrated air defense systems a…
Leonardo purchases Italian ground vehicle maker Iveco Defense for almost $2B
The deal, which is expected to close by first quarter 2026, consolidates some of Italy’s defense sector, at a time when European defense spending is on the rise.
Belgium plans largest ammunition order, announces early NH90 helicopter retirement
In comments heavily critical of the troubled NH90, Belgian Defense Minister Theo Francken said that Belgium’s four TTH standard aircraft will be “decommissioned from September.”