NATO allies on Wednesday agreed to more than double their defense spending target from 2% of gross domestic product to 5% by 2035, in the most decisive move from the alliance in over a decade. In a joint declaration, the Western military bloc said it was “united in the face of profound security threats and … Read more
Mark Rutte, secretary general of the North Atlantic Treaty Organization (NATO), left, and U.S. President Donald Trump, during the NATO summit in The Hague, Netherlands, on Wednesday, June 25, 2025. Bloomberg | Bloomberg | Getty Images NATO allies on Wednesday agreed to more than double their defense spending target from 2% of gross domestic product … Read more
Deutsche Bank is doubling down on defense investment as a broader European drive to rearm unlocks fresh capital in the region. Speaking to CNBC’s Annette Weisbach at the Tag der Industrie conference in Berlin on Monday, Deutsche Bank CEO Christian Sewing said that the German lender has increased its exposure to the defense industry to … Read more
Federal Chancellor Friedrich Merz (CDU) walks past Bundeswehr soldiers with military honors in front of the Federal Chancellery before welcoming the Prime Minister of Denmark. Bernd von Jutrczenka | Picture Alliance | Getty Images Tax hikes and soaring debt might be Germany’s new reality, as NATO allies are set to soon face a higher defense … Read more
After a week of global market jitters, the reaction to U.S. strikes on Iranian nuclear facilities will be front and center over the coming days. Meanwhile, a trio of heavyweight events could also shape the economic and geopolitical mood. From NATO tensions in The Hague to trade talks in Tianjin and industrial optimism in Berlin … Read more
Helsing uses AI to analyze large amounts of sensor and weapons system data from the battlefield. Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images European defense technology startup Helsing on Tuesday said that it’s raised 600 million euros ($693.6 million) in a bumper new round of funding. The investment was led by Prima Materia, … Read more
OpenAI CEO Sam Altman speaks during the Snowflake Summit in San Francisco on June 2, 2025. Justin Sullivan | Getty Images News | Getty Images OpenAI has been awarded a $200 million contract to provide the U.S. Defense Department with artificial intelligence tools. The department announced the one-year contract on Monday, months after OpenAI said … Read more
Attendees walk past the closed Israel Aerospace Industries (IAI) Israeli Pavillon during the 55th edition of the International Paris Air Show at the ParisLe Bourget Airport, in Le Bourget, suburb of Paris on June 16, 2025. Alain Jocard | Afp | Getty Images The stands of at least two major Israeli defense firms were blocked … Read more
Crews walk towards a Royal Navy F-35B Lightning fighter jet to prepare it for take-off from the deck of British aircraft carrier HMS Prince Of Wales, in an undisclosed location, on April 24, 2025, following its deployment to the Indo-Pacific region. Richard Pohle | Afp | Getty Images The automotive and robotics industries have been … Read more