Rheinmetall and Ukrainian defence industry forge partnership in Kyiv
Aerospace and defence technology company Rheinmetall and Ukraine's UDI join forces to boost national security.
25 October 2023
25 October 2023
Aerospace and defence technology company Rheinmetall and Ukraine's UDI join forces to boost national security.
Raytheon announced a drop in profits of 18% versus last year in its Q3 financial statement.
The US has approved Lithuania’s procurement of AIM-120C-8 Advanced Medium-Range Air-to-Air Missiles (AMRAAM) missiles, strengthening the Baltic’s collective missile defence model.
The global aerospace, defence & security industry experienced a 66% decline in the number of advanced materials-related patent applications in Q3 2023 compared with the previous quarter.
Per GlobalData estimates, the space industry was worth $450 billion in 2022 and is expected to expand at a CAGR of somewhere between 6% and 10% by 2030. Investor interest, evident gaps in the market, and advancements in space technologies have led to a surge in start-ups entering the space economy in the last five years. The unforgiving environment of space exploration is matched by the harsh financial reality of developing space technologies, which has made acquisitions of complementary companies, strategic suppliers, and partners more likely.
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