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Hungary's proposal for EU defense funding requires that at least 65% of components be sourced from EU countries, disappointing some French arms companies that sought an 80% threshold. The initiative aims to bolster European defense production amid concerns over reliance on U.S. arms. New eligibility criteria will also assess the design authority of products, complicating access for firms producing U.S. weapons in Europe.
Thales SA, the French aerospace and defense supplier, is under investigation by UK and French prosecutors for suspected bribery and corruption. The Serious Fraud Office has launched an inquiry in collaboration with France’s Parquet National Financier. Thales is a key supplier to militaries globally, providing a range of products from sensors to missile and communication systems.
The evolution of software-defined satellites is transforming the satellite communications landscape, allowing for flexible reprogramming and efficient capacity management. As operators explore AI-driven technologies for network management, concerns about reliability persist, prompting a cautious approach to automation. Upcoming advancements, including a software-defined ground system set for 2025, aim to enhance operational efficiency while addressing anomaly detection and predictive analytics.
UBS has maintained a 'Buy' rating for Boeing, setting a target price of $215 following the company's quarterly results, which were impacted by labor strikes. Analyst Gavin Parsons highlighted the importance of the upcoming union vote and potential capital increase as key factors for the company's future. Meanwhile, Boeing's third-quarter loss exceeded expectations, prompting concerns about a prolonged downturn.
Reliance Infrastructure plans to invest Rs 10,000 crore in a defence project in Maharashtra, aiming for joint ventures with up to six global defence firms. The initiative will focus on a diverse range of ammunition, including small arms for civil and military export markets, though specific partners have not been disclosed. The company already collaborates with French firms Dassault Aviation and Thales.
Thales S.A.
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hungary proposes new eu funding rules impacting defense contractors and arms industry
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19:41 25.11.2024
thales under investigation for bribery and corruption in uk and france
18:01 21.11.2024
advancements in satellite intelligence through software defined technology and ai
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14:00 12.11.2024
ubs maintains buy rating for boeing with target price of 215 dollars
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16:47 23.10.2024
reliance infra to invest 10000 crore in maharashtra defence project
16:35 22.10.2024
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