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Patria Acquires Dutch Company NEDAERO

Patria Acquires Dutch Company NEDAERO

Patria has agreed to acquire 100% of the shares of NEDAERO, a leading Dutch specialist in defence and aerospace components and parts. NEDAEROs operations are located in Zevenaar and Alphen aan den Rijn in the Netherlands and the company has about 35 employees. NEDAERO has several decades of experi…
MPs Report on Use of Military to Counter Migrant Crossings

MPs Report on Use of Military to Counter Migrant Crossings

The Ministry of Defence (MOD) budget is already inadequate. The report finds that adding responsibility for countering immigration in the Channel without a further uplift in the budget takes scarce resources from an already overstretched Department.

It is unclear why this operation is not bein…

US Air Force Leaders Chart Course to Improve National Defenses

US Air Force Leaders Chart Course to Improve National Defenses

WASHINGTON — Speaking separately at an influential gathering two blocks from the White House March 9, the Department of the Air Force’s highest-ranking civilian and military leaders offered emphatic variations on a similar theme – the need to modernize faster, think faster, and nurture the cultu…
Australia Donates Two Patrol Boats to Micronesia

Australia Donates Two Patrol Boats to Micronesia

The Federated States of Micronesia (FSM) has received the first of two Guardian-class Patrol Boats, delivered through the Pacific Maritime Security Program, at a handover ceremony today in Henderson, Western Australia.

President of the Federated States of Micronesia, His Excellency President Da…

Key Milestone Reached for Rolls-Royce UltraFan

Key Milestone Reached for Rolls-Royce UltraFan

Rolls-Royce has reached another key milestone in its UltraFan technology demonstrator programme as the world-leading power gearbox (PGB) is dispatched from the company’s site in Dahlewitz, Germany.

The power gearbox, which has set a world aerospace power record on test, has been shipped to the …

Leonardo 2021 Net Increases 142% As Revenues Grow 5%

Leonardo 2021 Net Increases 142% As Revenues Grow 5%

Leonardo 2021:
— Revenues of € 14.1 BN (+5%),
— EBITA of € 1,123 MLN (+20%),
— Net result of € 587 MLN (+142%),
— FOCF of € 209 MLN (+423%),
— New orders of € 14.3 BN (+4%). Doubling FOFC guidance.
— Proposed dividend at € 0.14 per share

* Strong Defence-Governmental businesses a…


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