MILAN — A Milan court convicted three former executives of Banca Monte dei Paschi di Siena at the end of a long-running false accounting case on Thursday, a result that could hinder Italy’s bid to re-privatise the world’s oldest bank.

Former Monte dei Paschi chairman Alessandro Profumo, former …

British engineers have today revealed some of the latest concepts under development for the Royal Air Force’s (RAF) next generation combat air system. The pioneering technology is being delivered by Team Tempest, a UK technology and defence partnership formed by BAE Systems, Leonardo, MBDA, Rolls-Ro…

SOUTH CHINA SEA — The Ronald Reagan Carrier Strike Group has returned to the South China Sea for the third time of its 2020 deployment.

The carrier strike group includes the Navy’s only forward-deployed aircraft carrier USS Ronald Reagan (CVN 76) and the embarked Carrier Air Wing (CVW) 5, the T…

HMS Queen Elizabeth has returned to Portsmouth following the debut of the new Carrier Strike Group which will represent Britain on the global stage for the next fifty years.

The aircraft carrier has been training in the North Sea as part of Group Exercise 2020 as she prepares for her first operat…

BALTIMORE — The U.S. Air Force has met Full Operational Capability (FOC) readiness for Northrop Grumman Corporation’s AN/APG-83 SABR active electronically scanned array (AESA) radar on Air National Guard F-16s to meet a U.S. Northern Command Joint Emergent Operational Need (JEON) for homeland defe…

Saab has signed a multi-year framework contract with the U.S. Army for the latest version of the Carl-Gustaf multi-role, man-portable shoulder-fired weapon, known as the M3E1 in U.S. Army service and M4 globally. Saab has been awarded an $87 million MUSD (approximately 770 MSEK) Indefinite Delivery,…