Analysis
Inside SAFE: how the EU’s €150bn defence loan machine is working
With Greece the fifth recipient of SAFE financing last week, the rollout of the EU's defence financing tool has been quick, but uneven.
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Markets
Thales raises outlook as defence orders surge
French defence and aerospace group Thales raised its full-year outlook on Thursday after reporting a 21% jump in first-half order intake, comfortably beating analyst forecasts…
Funding
Helsing raises $1.8bn at $18bn valuation in Europe’s biggest defence tech round
Munich-based defence AI company Helsing has raised $1.8 billion in a Series E round, valuing the company at $18 billion — the largest funding round…
Policy
Germany to launch state-backed fund to invest in defence start-ups
Germany will launch a state-backed investment vehicle to take direct equity stakes in defence and security start-ups, the government said Wednesday. Berlin is seeking to…
M&A
Rheinmetall and Destinus set out plans for European missile venture
Rheinmetall and Destinus have agreed to form a joint venture to produce cruise missiles in Germany. The venture will be formally established in the second…
M&A
Tank maker KNDS clears path for €18bn IPO after France and Germany agree equal ownership
Franco-German defence group poised to become one of Europe’s largest listed defence companies after Paris and Berlin resolve longstanding governance dispute France and Germany have…
Policy
EU launches EastInvest facility to mobilise €28bn for eastern regions hit by Ukraine war
New financing platform targeting nine border states forms centrepiece of Commission strategy to address economic and security strain.
M&A
Leonardo completes €1.6bn acquisition of Iveco’s defence business
Leonardo completed a €1.6 billion acquisition of Iveco Group's defence business in March, swelling its workforce by 2,000 and adding six manufacturing sites across Europe.
Policy
Europe drives global defence spending growth in 2025
Global defence expenditure topped a record $2.8 trillion, with NATO accounting for more than half of this and Europe representing $864 billion, a 14% rise…
Funding
Frankenburg raises €30m in Series A funding to boost European low-cost air defence production
The Estonian startup is targeting a gap between cheap drones and costly air defence systems as conflicts upheld traditional procurement priorities.