Defence industry: Saab grows in Gothenburg as demand soars
Global military expenditure is at an all-time high as peace and security in multiple regions has deteriorated. Swedish company Saab is a leading company in the defence sector.
Global military expenditure is at an all-time high as peace and security in multiple regions has deteriorated. Swedish company Saab is a leading company in the defence sector.
Europe must spend more, and we must spend better. The EU Commission has a crucial role in supporting Member States in this endeavour, says Jan Pie.
Ten Ukrainian companies showcased their capabilities at the NEDS Defence and Security Exhibition in Rotterdam, marking Ukraine’s first participation in the event’s 35-year history.
The Aerospace, Security and Defence Industries Association of Europe (ASD) has published its Facts & Figures 2024 report, showcasing the sector’s substantial economic impact and resilience.
Norway has announced a contribution of 500 million Norwegian kroner (approximately EUR 43 million) to support Ukraine’s defence industry.
Denmark has committed EUR 130 million in financial aid to boost Ukraine’s defence manufacturing, including the production of missiles and drones.
President of Ukraine Volodymyr Zelensky, addressing Ukraine’s parliament, outlined the nation’s significant advancements and ambitious plans in defence manufacturing.
Norway has announced a significant initiative to bolster Ukraine’s defence capabilities by directly supporting the production of military equipment within the country.
The Ukrainian Cabinet of Ministers has approved a draft law for the 2025 state budget, allocating significant funds to boost the nation’s defence production capabilities.
Lithuania and Ukraine have signed a strategic cooperation agreement focused on developing their defence industries.
The sheer size and scale of the conflict between Russia and Ukraine necessitates that the U.S. defence industrial base continues to evolve to meet potential future challenges of similar proportion.
Cooperation between Ukrainian and French defence companies is already underway.