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Germany Adds €3.4Bn to 2022 Defense Budget

Germany Adds €3.4Bn to 2022 Defense Budget

Every year, the defense budget determines how high the expenditure for personnel, equipment and operations of the Bundeswehr will be. How does it come about and what will change with the so-called special fund of 100 billion euros?

The preparation of the federal budget follows fixed procedures an…

NATO Opens First Multinational Ammunition Warehouse in Estonia

NATO Opens First Multinational Ammunition Warehouse in Estonia

Today (23 March) the Chiefs of Defence of Belgium and Estonia formally opened the first Multinational Ammunition Warehousing Initiative (MAWI) location in Estonia.

Other Allies are also expected to use the warehouse for storing their munitions in the context of their enhanced Forward Presence (eF…

Fincantieri 2021 Revenues Up 28%, Ebitda Jumps 57%

Fincantieri 2021 Revenues Up 28%, Ebitda Jumps 57%

ROME — The Board of Directors of FINCANTIERI S.p.A., chaired by Giampiero Massolo, has approved the draft financial statements of the parent company at December 31, 2021, the Consolidated financial statements at December 31, 2021, prepared in accordance with international financial reporting and a…

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