Defense
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Drone startups flock to the UK
Whether on land, in the air, or on – or beneath – the water, drones are reshaping warfare in Ukraine. The UK plans to rely more heavily on unmanned combat systems – a move which is attracting a wave of military startups.
Mass production over small batch manufacturing
Industrial groups are ramping up their defence sector activities. Players such as Deutz have a key strength – experience with mass production.
A new era for sustainable finance
With the Defence Readiness Omnibus, the EU is stepping up support for the defence industry. The initiative includes changes to sustainable finance guidelines.
Rheinmetall CEO Papperger looking at divesting automotive supply division
Rheinmetall CEO Armin Papperger said at the AGM on 13 May that the automotive supply division, which employs 6,700 people, is no longer a core business. A review is underway which may result in it being divested.
Renk share price has soared since its second attempt at an IPO
Augsburg based defence industry firm Renk's first attempt at an IPO was cancelled at the last moment in October 2023. Four months later, Renk successfully debuted on the stock market – a move which CEO Alexander Sagel views as a catalyst for growth.
Dräger sees importance of China market receding
After a decline in demand in China, Dräger foresees a lasting reduction in the market's importance. But the medical technology and safety equipment company could benefit from increased defence spending in Germany.
Renk is gearing up for a surge in orders
Defence expenditure is going to rise sharply in Europe. At last week's earnings presentation, Renk CEO Alexander Sagel discussed the likely impact on the company of strengthening the Bundeswehr.
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