German Arms Manufacturer Rheinmetall Sees 60% Profit Increase in First Quarter

On Tuesday, German arms manufacturer Rheinmetall announced a significant 60% increase in first-quarter profit. Renowned for producing military equipment such as Leopard tanks, the company plays a pivotal role in supplying weaponry to Kyiv through Berlin.

EU Grants Rheinmetall Over 130 Million Euros for Ammunition Production Expansion

German arms manufacturer Rheinmetall has secured a substantial financial boost from the European Union, receiving over 130 million euros to enhance its ammunition production capabilities. The funding is earmarked for the production of 155 mm ammunition and gunpowder, with projects set to take place in Germany, Hungary, Romania, and Spain.

Boosted by war, German arms maker joins DAX index

German arms manufacturer Rheinmetall joined Frankfurt's blue-chip DAX index yesterday, highlighting the improving fortunes of the country's weapons industry as the Ukraine war spurs demand.

In a country still haunted by Nazi atrocities during World War II, Germany's weapons manufacturers were far from the country's most celebrated firms.

Ministry defends Boxer specs after criticism about equipment

Ljubljana – The Defence Ministry said that the 45 Boxer armoured vehicles Slovenia is buying through OCCAR satisfy all technical demands as it responded Friday to a report alleging that equipment had been pared down to hit a low enough price point.

Only “less important technical requirements” were dropped in negotiations for the purchase of the vehicles, the ministry said.

Greece will Strengthen NATO forces in Bulgaria

Greece is backing NATO forces in the Alliance's east wing with light anti-aircraft artillery in line with its commitment to join the NATO Response Force (NRF), which was activated immediately after Russia's invasion of Ukraine, BGNES reported.

Bulgarian Defense Minister Denied the News that Greek military will Strengthen the Army

Bulgarian Defence Ministry Invites Four Companies to Bid to Supply Armoured Vehicles

Bulgaria's Ministry of Defense announced that, on August 5, it had sent formal Requests for Proposals (RFP) to four companies invited to bid to supply armored infantry carriers. These four companies are ARTEC GmbH (Germany), Patria (Finland), Nexter Systems (France) and General Dynamics European Land Systems - MOWAG (Switzerland).

Bulgaria Seeks to Buy 150 Armored Vehicles

Bulgaria has sent a request to four European countries for proposals for 150 armored vehicles, the defense ministry said on Tuesday, reports Reuters.

The Balkan state, which joined NATO in 2004, has called for bids in a 1.46 billion levs ($836.24 million) tender from Germany, Finland, France, and Switzerland, the ministry said in a statement.