Tag

Defense Manufacturing

All articles tagged with #defense manufacturing

defense1 month ago•5 min saved

Covenant Unveils Anthem Missile and Global Factory Network to Mass-Produce Long-Range Strike Weapons

Covenant, a US-Israeli defense startup, has officially emerged from stealth to unveil its Anthem long-range strike weapon and a global manufacturing network. The company aims to produce up to 12,000 missiles annually across facilities in the US, Germany, and Israel, offering a cheaper, high-volume alternative to legacy systems like the Tomahawk. Backed by $250 million in venture capital, Covenant has secured initial contracts with the US Army and Navy, with serial production slated to begin in early 2027.

via TWZ|

#anthem-missile #covenant #defense

business2 months ago•2 min saved

Hadrian secures $1.37B to scale U.S. defense-focused factories

Hadrian raised $1.37B in a Series D round, valuing the defense-focused factory-builder at about $8B post-money, to accelerate automated, AI-assisted manufacturing and factories-as-a-service for aerospace and defense; it counts Lockheed Martin and RTX among customers and plans new LA HQ and SF R&D hub to bolster domestic production for the next 4–10 years.

via Axios|

#business #defense-manufacturing #hadrian

politics2 years ago•4 min saved

"Biden's Plan: Using Ukraine Aid to Boost American Manufacturing and Economy"

President Biden is urging House Republicans to pass nearly $95 billion in foreign aid, emphasizing that nearly two-thirds of the money for Ukraine would actually go to U.S. factories, supporting American jobs and manufacturing. The supplemental spending measure includes $38.8 billion for U.S. factories that make missiles, munitions, and other gear for Ukraine. Biden's push for the aid is met with opposition from some Republicans, including former President Trump, who opposes the package to help Ukraine. The bill has stalled in the House, with Republicans raising concerns about the lack of provisions to secure the U.S. southern border.

via The Associated Press|

#defense-manufacturing #foreign-aid #joe-biden

politics2 years ago•4 min saved

"Biden's Plan: How Most of the Ukraine Aid Money Would Benefit the US"

President Biden is urging House Republicans to pass nearly $95 billion in foreign aid, emphasizing that nearly two-thirds of the money for Ukraine would benefit U.S. factories and workers. The funding would support assembly lines for weapons and gear, with a focus on increasing manufacturing capacity for defense contractors. However, opposition from some Republican lawmakers, including former President Trump, and concerns about border security have stalled the bill in the House.

via Yahoo News|

#biden #defense-manufacturing #foreign-aid

defense3 years ago•2 min saved

Saudi Arabia and Turkey's Baykar Tech join forces to localize drone production

Saudi Arabia has signed an agreement with Turkish defense firm Baykar to localize the manufacturing of its popular drones in the kingdom, in line with the Vision 2030 initiative. The deal aims to support Saudi Arabia's defenses and enhance its military manufacturing capabilities. Baykar drones are known for their affordability, tech support, and offensive capabilities, and have been deployed in conflicts worldwide. This agreement is seen as a strategic move for both countries, providing Turkey with hard currency and geopolitical ties, while offering Saudi Arabia a hedge against Western arms sales fluctuations and better drones than Iran can deploy. The deal comes as part of recent efforts to repair diplomatic ties between Ankara and Riyadh.

via Al-Monitor|

#baykar-drones #defense #defense-manufacturing

defense3 years ago•1 min saved

Germany's Thyssenkrupp eyes submarine deal with Indian Navy to reduce reliance on Russian weapons.

Thyssenkrupp's marine arm is expected to bid for a project to supply six submarines for the Indian Navy, as Germany and India aim to boost their defense manufacturing and counter China's growing presence in the Indian Ocean. The deal is expected to be signed with India's Mazagon Dock Shipbuilders on Wednesday, with the value of the agreement expected to be about 7 billion euros. India approved a budget of $6.8 billion for its navy in March, which has 16 conventional submarines, 11 of them more than two decades old, along with two indigenous nuclear-powered submarines.

via Reuters|

#defense #defense-manufacturing #germany-india-relations

defense-industry-cooperation3 years ago•2 min saved

US and India strengthen defence ties to counter China.

The US and India have agreed on a roadmap for defense industry cooperation, which is expected to boost India's defense manufacturing ambitions and deepen ties between the two countries. The move aims to counterbalance China's dominance in the region and wean India away from its traditional dependence on Russia for defense supplies. The roadmap includes proposals that could provide India access to cutting-edge technologies, and the two countries pledged to review regulatory hurdles impeding closer industry-to-industry cooperation.

via Reuters.com|

#china #defense-industry-cooperation #defense-manufacturing

defense-industry3 years ago•5 min saved

Japan's Struggle to Recruit Major Brands for Military Expansion

Japan's military expansion plan to deter China from using force in the East China Sea has hit a roadblock as some of Japan's best-known brands are reluctant to invest in the military side of their businesses. In private meetings with the defense ministry, some firms have raised concerns such as low profit margins, the financial risk of building manufacturing plants that could be left idle after Japan completes its military expansion, and potential damage to their public image from arms sales. The government is preparing legislation that includes raising profit margins on military gear from a few percent to as much as 15%, and the provision of state-owned factories that companies can use to expand production risk-free.

via Reuters.com|

#commercial-firms #defense-industry #defense-manufacturing