Defense IT company TEKEVER, with offices in Ukraine, became a unicorn after attracting $500M. Portuguese IT startup TEKEVER, specializing in developing AI-equipped reconnaissance drones, raised approximately $500M in investment, boosting its valuation to $1.25B. Investors fully supported this ... #DefenseIndustry #DefenseInvestments #DroneProduction #QuantumSystems #TEKEVER #VectorDrone
Czech CSG increased its sales by 614% because of the war in Ukraine. Czechoslovak Group AS (CSG) increased its profit by 200% in 2024, driven by greater supplies to Ukraine and NATO countries. Since the onset of the full-scale Russian invasion of Ukraine, the Czech com... #CzechoslovakGroup #DefenseIndustry #DefenseInvestments #KineticGroup #PorscheSE #WeaponsProduction
A new €150B EU security loan program presents significant opportunities for the Ukrainian defense industry. According to Andrius Kubilius, the European Commissioner for Defense, this new EU loan program, part of the SAFE (Security Action for Europe) initiative, allows member states to utilize €150B in loans... #AndriusKubilius #DefenseIndustry #DefenseInvestments #SAFE #UrsulavonderLeyen #WeaponsProduction
An Estonian arms company with production in Ukraine raises €4M, while Swedish Saab AB locates a Ukrainian partner. The Estonian defense firm Frankenburg Technologies secured €4M in investment to develop anti-aircraft missiles. The company’s market value has surged by nearly 200% and now stands at €150M. The ... #DefenseIndustry #Estonia #FrankenburgTechnologies #Radionics #Saab #Sweden #Switzerland #WeaponsProduction
What risks does the US face in halting the supply of weapons to Ukraine? Most of the funding allocated to Ukraine has remained in the US through orders placed in its defense industry, so President Donald Trump’s decision will result in: Financial losses for defense c... #DefenseIndustry #LockheedMartin #NATO #Pentagon #USmilitaryAid #WarinUkraine #WeaponsProduction
Poland is calling on Germany to immediately increase defense spending, while France is ramping up purchases of long-range weapons. Poland’s Deputy Defense Minister Cezary Tomczyk believes that Central Europe, including Germany, should increase its defense spending to set an example for other countries following Trump’s victory, w... #CezaryTomczyk #DefenseIndustry #DefenseSpending #France #Germany #Poland
The US doubts the prospects of success for the EU’s strategy of buying mainly European weapons. Washington is concerned about the EU’s weapons procurement plan, which prioritizes purchasing European weapons. The US believes that this is not the cheapest or fastest way to get weapons to Ukr... #DefenseIndustry #EuropeanWeapons #JulianneSmith #MilitaryAid #WarinUkraine #WeaponsProduction
Ukraine is considering the construction of a gunpowder plant and growing raw production materials. According to the director of Ukrainian Armored Vehicles, Vladyslav Belbas, the manufacturer received only one proposal from a Western company in three years, which was to build a €20M plant to process... #Cotton #DefenseIndustry #GunpowderPlant #Powder #VladyslavBelbas
Europe will increase its defense investment sharply in 2024 in response to Russian aggression. European venture capitalists plan to invest $1B in defense technology by the end of 2024, which is 400% more than in 2018, as a result of Russian aggression in Ukraine. According to Dealroom, venture ... #DefenseIndustry #DefenseInvestments #DefenseTechnology #EUdefense #NATO
Ukraine has invested $7B in its defense sector, and its allies are purchasing domestically produced equipment for the Ukrainian Armed Forces. “Together with the government, the MoD has invested more than $7B in the defense industry. These investments provided us with enormous support when we were not receiving international technical ... #DefenseIndustry #DefenseSectorUkraine #WeaponProductionInUkraine
Ukraine and Poland signed a security agreement to help intercept Russian missiles and drones. On July 8, Ukrainian and Polish officials signed a bilateral security agreement in Warsaw. Among the document’s key provisions is Poland’s obligation to provide several packages of militar... #DefenseIndustry #MIG29 #Poland #SecurityAgreement #SupportUkraine #WarinUkraine
