#Europe Aerospace and Defense Industry

[mordormr]

The Future of Europe’s Defense Industry: Emerging Technologies and Strategic Investments

Market Overview: The Future of Europe’s Defense Industry – Emerging Technologies and Strategic Investments

The Europe Aerospace and Defense Market is projected to be valued at USD 173.97 billion in 2024 and is anticipated to grow to USD 223.48 billion by 2029, with a compound annual growth rate (CAGR) of 5.14% during the forecast period (2024-2029).

The European defense industry is at a pivotal point, driven by a combination of technological advancements, increased defense budgets, and evolving geopolitical dynamics. According to Mordor Intelligence, the future of the Europe defense market will be shaped by the adoption of emerging technologies, strategic investments, and greater collaboration among European nations to enhance military capabilities.

Key Trends and Drivers:

Technological Advancements: The defense industry in Europe is increasingly focused on incorporating cutting-edge technologies such as artificial intelligence (AI), robotics, autonomous systems, and cyber defense capabilities. These technologies are vital in ensuring that European defense forces remain competitive and capable of responding to modern threats like cyberattacks, terrorism, and hybrid warfare.

Rising Defense Budgets: Many European countries are increasing their defense expenditures, driven by concerns over regional security threats, rising global tensions, and pressure from NATO allies. Nations like Germany, France, and the United Kingdom have committed to boosting defense budgets to modernize their forces and contribute to collective security measures. This increased funding has enabled larger investments in advanced defense technologies and modernization programs.

Defense Modernization and Strategic Investments: European defense forces are modernizing their air, land, and naval capabilities. Key projects include next-generation fighter aircraft (such as the Future Combat Air System – FCAS), advanced missile defense systems, and naval vessels equipped with cutting-edge technology. The European Union and its member states are investing heavily in defense research and development (R&D) through programs like the European Defense Fund (EDF), which aims to boost the region’s defense innovation and technology base.

Geopolitical and Security Concerns: The defense market in Europe is being shaped by growing concerns about Russia’s activities, the resurgence of threats from non-state actors, and tensions in the Middle East and North Africa. In response, European countries are working on closer defense cooperation and joint procurement programs to ensure collective security and operational readiness in the face of these challenges.

Sustainability in Defense: An emerging trend in the European defense industry is the push towards sustainability, with increased focus on green technologies and energy efficiency in military operations. The integration of renewable energy in military systems, such as solar-powered drones and electric combat vehicles, is becoming a key focus for defense companies and governments aiming to reduce carbon footprints.

Key Market Segments:

Aerospace & Defense Electronics: The future of aerospace electronics in Europe revolves around advanced avionics, radar systems, satellite communications, and sensor technologies that enhance situational awareness and precision in combat and defense operations.

Autonomous Systems and Unmanned Vehicles: Europe is making significant strides in developing unmanned aerial vehicles (UAVs), autonomous land vehicles, and naval drones. These systems are designed for intelligence, surveillance, reconnaissance (ISR), and combat missions, which reduce the risk to human personnel.

Cybersecurity: As modern warfare increasingly shifts to the digital domain, European nations are investing in cybersecurity to protect critical infrastructure and military networks from cyberattacks. Robust cyber defense capabilities are essential in countering espionage, cyberterrorism, and state-sponsored cyber threats.

Space Defense Capabilities: The European Space Agency (ESA) and defense agencies across Europe are working to enhance space-based defense assets, including satellite systems for communication, surveillance, and missile defense. Space is now recognized as a key operational domain, with investments being made to strengthen Europe’s space defense capabilities.

Strategic Collaborations:

To build a stronger, unified defense force, European countries are forming alliances and collaborating on defense projects. Major initiatives such as the Permanent Structured Cooperation (PESCO) and joint ventures like the FCAS program between France, Germany, and Spain highlight the region’s focus on collaborative defense R&D, procurement, and operational coordination.

Competitive Landscape:

European defense giants such as Airbus, BAE Systems, Leonardo, and Thales Group are leading the charge in developing next-generation defense technologies. These companies are heavily investing in R&D and forming partnerships to develop advanced aerospace, naval, and land systems. Additionally, smaller defense tech companies and startups are entering the market, bringing innovative solutions in AI, cybersecurity, and unmanned systems.

Conclusion:

A shift towards advanced technologies, increased defense spending, and collaborative defense programs will characterize the future of Europe’s defense industry. The combination of geopolitical challenges and the rise of new security threats will drive Europe’s defense modernization efforts. Strategic investments in R&D and emerging technologies will play a crucial role in shaping the competitiveness and operational effectiveness of Europe’s defense forces over the next decade.

The region’s defense market will continue to evolve, with strong government and private sector initiatives to address future challenges and capitalise on the latest technological innovations. Europe’s defense industry is poised for robust growth, positioning itself as a global leader in defense technologies and military capabilities.

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence https://www.mordorintelligence.com/industry-reports/europe-aerospace-and-defense-market

[mohitbisresearch]

The Europe aerospace and defense battery market is estimated to reach $5.38 billion by 2033 from $2.30 billion in 2022, at a CAGR of 8.14% during the forecast period 2023-2033.

[dailyp1anet]

BUSINESS

UNFRIENDLY COMPETITION: 2016 BUDGETS

By Lois Lane, Senior Staff Writer

PUBLISHED: 16:32, 27th March 2015 | UPDATED: 06:25, 28th March 2015

THE MAN OF TOMORROW: LexCorp's CEO, Lex Luthor. © The Daily Planet: James Olsen, Photographer.

A new report was published yesterday into the biggest companies in the country, the report highlighted the budgets proposed for each company particularly when it came to defense contracts for the next financial year in 2016. LexCorp in particular is racing ahead thanks to some high profile exposure since the original LexCorp tower was destroyed. Originally founded as an aerospace engineering firm, LexCorp has become one of the world's largest, most diversified multinational conglomerate. Under the astute - some would say, ruthless - management of its founder, Alexander (Lex) Luthor.

LexCorp is projected to become the leading private contractor for high tech defense innovation with a proposed budget of $2 billion by 2016. Kord Industries who was previously held the title was not happy with the projected budgets. Foremost in the field for over two decades; analysts predict a substantive move from LexCorp into this space would be most damaging to this multi-billion dollar, multinational defense contractor. Projected for a whopping $707 million budget.

A close second to Kord Industries is STAGG, especially in terms of investment of dollars. STAGG's myopic focus on chemistry and genetics has analysts predicting minimal fallout from a LexCorp entry. With a projected budget of $628 million. Third on the list was Queen Industries, with a significant drop off from #2. Their aloof, and often absent CEO is rumoured to be considering an exit from military defense contracts altogether. Projected to have a budget of $210 million.

Geschäft-Krieg is next on the list, following their acquisition of US-based Sheridan Dynamics, their future has looked bright for Europe's largest light bulb maker-turned heavy weapons manufacturer. Lex Luthor could certainly leave them in the dark especially with the projected budget at $171 million. At the bottom of the list, which is not surprising is Wayne Enterprises. CEO, Bruce Wayne, is notorious for his refusal to accept military defense contracts with a projected budget of $97 million.

Press conferences have been scheduled in the coming weeks from LexCorp, Kord Industries, STAGG, Geschäft-Krieg and Wayne Enterprises to announce their next projects, mergers, business strategies and financial performances from the last financial year. Queen Industries has declined several enquiries since the date of this publication.

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[usafphantom2]

The Rise, Fall & Rise Of F-15 Fighters: How Eagles Continue Their Relevance Even After Decades In Service

Sakshi TiwariSeptember 10, 2023

Boeing Aerospace announced on September 7 that Poland was actively interested in buying the F-15EX Eagle II fighters. The announcement was made at the press conference at the annual MSPO defense trade exhibition without divulging specific details.

Tim Flood, Boeing’s senior director of Global Business Development for Europe and Americas, said in a statement: “Poland’s interest in the F-15EX confirms its dedication to the preparedness and effectiveness of its military forces.

The F-15EX offers superior interoperability, supportability, and affordability and a robust industry plan to support Poland’s goal of developing independent defense capabilities.”

Rob Novotny, the F-15 program’s head of commercial development, refused to discuss the “price and delivery schedule” of the American company’s proposal to Warsaw.

Additionally, he stated that “there are no negotiations and no contract talks, only some conversations with the Polish Air Force.”

So far, the US Air Force (USAF) is the only customer of the Eagle II and has already acquired two of these fighters and is preparing to purchase 104 of them.

Although the aircraft is being aggressively pitched for export to some countries, no formal agreement has been signed to sell this fighter outside the United States.

The F-15EX, the most modern iteration of the F-15, has several new features and capabilities over earlier Eagles, including a powerful active electronically-scanned array (AESA) radar and a sophisticated electronic warfare suite.

Boeing frequently highlights the jet’s impressive combat range and cargo capacity compared to other American and international fighters on the market.

F-15EX Eagle II Fighter Jet

“The F-15EX is the world’s most advanced fighter with unmatched capability, lethality, and survivability and is the right fit to strengthen Poland’s security needs,” said Novotny.

“Through enhanced interoperability with US and NATO forces, capacity for technology growth, and a 20,000+ hour economic, operational airframe life, Poland can expect the F-15EX to win in existing and future threat environments.”

The journey of US F-15s, from when they entered service with the United States to when they were upgraded to a new role as Eagle IIs, has been spectacular. As Boeing eyes new customers for an aircraft that is an updated variant of its best dogfighter, EurAsian Times dives deep into the rise and fall and another peak in F-15’s popularity.

What Makes The F-15 Stand Out?

The F-15 Eagle is an American twin-engine, all-weather tactical fighter aircraft that is incredibly maneuverable and was developed to permit the Air Force to establish and maintain air superiority over the battlefield.

During the Cold War years, the USAF stressed the necessity for an aircraft that could avoid detection as air defense systems continued to advance, which led to the creation of the F-15.

The Eagle has been exported to numerous countries, including Israel, Japan, and Saudi Arabia. It is still in service with several countries, with upgraded variant production continuing.

With a recorded record of 104 combat wins and zero losses, the Eagle has earned its reputation as the king of the skies over multiple conflicts and under various Air Forces.

The F-15’s air superiority versions and the A/B/C/D models have suffered no losses in combat despite contrary claims that could never be verified.

Emerging as one of the best dogfighters in the world, the aircraft also earned the reputation of a “MiG killer.”

As previously observed by the EurAsian Times, the F-15s emerged as MiG Killers as they established air superiority in the Gulf War from the outset.

At the time, the F-15s shot down many MiGs, contributing to its spectacular combat record and global recognition as one of the best combat jets in history. In June 1979, an Israeli Air Force F-15A shot down a Syrian MiG-21, marking the first air-to-air victory for this cutting-edge aircraft.

File Image: A USAF F-15C fired an AIM-7 Sparrow in 2005. (Wikimedia Commons)

A former USAF lieutenant, Cesar Rodriguez, has shot down more MiGs than any other pilot since the Vietnam War.

During the first Gulf War in 1991, Rodriguez’s first two kills were against a Mikoyan MiG-29 and a Mikoyan MiG-23 of the Iraqi Air Force. He achieved his third kill on a MiG-29 of the Yugoslav air force in the 1999 NATO bombing of Yugoslavia.

Captain Jeff “Claw” Hwang accomplished a stunning feat of aerial battle in March 1999 while flying his F-15C, with tail number 86-0156, and downing two MiG-29 planes.

The incident occurred during NATO’s engagement in the Kosovo conflict when the alliance launched several airstrikes against Serbian forces backing Kosovo Albanians seeking independence.

The platform’s capabilities have since been demonstrated, leading to the development of the F-15E Strike Eagle, a modified version designed to excel in air-to-ground combat, and the F-15EX Eagle II, an updated version of the classic F-15 Eagle.

F-15E Strike Eagle – Wikipedia

Because of its adaptability, a better all-weather strike derivative known as the F-15E Strike Eagle was also eventually developed. It entered service in 1989 and has since been exported to other countries.

The F-15E was created in the 1980s to conduct long-range, high-speed interdiction missions without the aid of escorting or electronic warfare aircraft. The Strike Eagle has been used in high-end combat operations in Iraq, Afghanistan, Syria, and Libya.

During these operations, the strike fighter has conducted combat air patrols, deep strikes on high-value targets, and close air support for coalition forces.

Additionally, it has been exported to several nations, including Israel and Saudi Arabia. However, the largest user of the aircraft continues to be the United States.

The F-15 Never Lost Its Sheen!

As the US started to focus on fifth-generation fighter jets with stealth technology, like the F-22s, the older F-15 Eagles somewhat took a backseat. By the 2010s, the USAF intended to replace all its F-15 air superiority aircraft with the Lockheed Martin F-22. Still, due to the highly constrained F-22 procurement, the USAF was compelled to continue using the F-15C/D into the 2020s.

It was revealed in June that the proposed House’s fiscal 2024 National Defense Authorization Act (NDAA) would approve the Air Force’s request to retire 57 F-15C and F-15D aircraft, some of which are approaching the end of their service lives and are over 40 years old.

Diminished in utility by their age, the F-15C/D Eagle aircraft were based at the Kadena Air Base in Japan. This was the only unit of these fighters located outside the United States. The US Air Force’s Eagles first landed at Kadena in September 1979, and the model has been continuously stationed there.

The withdrawal was essentially informed by the need to modernize the air presence in the region against the backdrop of exacerbated regional military threats. The aircraft has since been replaced by the F-22 Raptors, as was planned in the original scheme of things by the USAF.

While the F-15s returned to their base, the 3rd Wing at Joint Base Elmendorf-Richardson, Alaska, sent roughly a dozen F-22 Raptors to Okinawa on November 4 to start a six-month rotation.

According to the Air Force, the Raptors are being used as “backfill” for the departing F-15s, as the strategy calls for fighters with more advanced capabilities than the F-15C and D.

Although the F-15C/D is slowly being pulled out to free up resources, the USAF expects to use the F-15E Strike Eagle well into the 2030s. Earlier this year, the US Central Military Command (CENTCOM) sent out its most dependable and battle-tested fighter, the F-15E, to launch retaliation strikes after an Iranian drone purportedly targeted a military base housing US personnel.

The F-15E is somehow still attracting customers. Among potential buyers of this aircraft are countries like Egypt and Thailand. A US deal to sell F-15s to the Egyptian Air Force was announced in March last year. However, a contract needs to be finalized after the price and delivery date are determined and agreed to by both sides.

As for Thailand, the US offered to sell an older generation of fighters, including the F-15 or the F-16s, after turning down the Royal Thai Air Force (RTAF)’s request to purchase the F-35A aircraft. Even though the aircraft is expected to be replaced by more capable F-15EX Eagle II aircraft, it hasn’t lost its sheen.

Re-Emergence Of F-15

As could be deciphered by the latest Boeing announcement for a potential sale of F-15EX to Poland, the newest iteration of this combat-hardened aircraft is looking for export customers, with the manufacturer hopeful of sealing a contract.

Besides Poland, Israel is also looking to buy Boeing’s F-15EX Eagle II fighters. Israel has officially requested the all-new F-15EX fighters by sending a Letter of Request (LOR) for the warplanes to the US government. Tel Aviv is reportedly looking to purchase at least 25. No final contract has been signed.

Boeing is also offering the Eagle II to two countries in the Asian continent. The Republic of Indonesia inked a memorandum of understanding with Boeing to acquire up to 24 F-15EX fighters recently. However, even that deal hasn’t been finalized, and there has been no information on the financial aspects of the agreement.

Earlier, Boeing had pitched the Eagle II to the Indian Air Force as well. At the time, EurAsian Times had noted that the new fighter, which uses the frame of the classic F-15 and bears a resemblance to the Su-30 MKI in terms of its size, can fulfill a host of missions that include homeland and airbase defense, no-fly zone enforcement against limited or no air defense systems, and deploying standoff munitions.

F-15EX Fighter jet

However, with the IAF now invested in choosing a multi-role fighter jet under the MMRCA contract, the F-21 on offer by Lockheed Martin has somehow caught more attention. As of now, the United States Air Force is the only customer of the aircraft. However, with countries expressing interest, customers are expected to line up.

According to Fox News, the F-15E aircraft’s improvements will let it carry out the same bomber duties at a third of the F-35’s operational cost. After two years of experimental testing, the USAF reportedly found that the new F-15EX performed better than anticipated in terms of the quantity and weight of ammunition.

Moreover, according to previous research, the F-15EX may be more capable and less expensive to buy and operate than the F-35 for operations that do not primarily rely on stealth. To top it all, the F-15EX can carry up to 13.6 tons of weapons, more than any other F-15 variant.

The American Eagle aircraft, thus, are far from done.

Contact the author at sakshi.tiwari9555 (at) gmail.com

[mariacallous]

Russia and China continue to intensify their economic, diplomatic, and military cooperation more than two years into Moscow’s invasion of Ukraine. 

The deepening ties, to be cemented next month by Russian President Vladimir Putin’s visit to China, seem to have given Russia partial relief from the impact of Western sanctions on its economy, which hit energy exports especially hard, and have provided a fillip to acquiring much-needed defense gear. But the growing relationship is a very imperfect solution to the international isolation Russia feels and China fears.

Just weeks before the Kremlin launched its all-out invasion of Ukraine in 2022, Moscow and Beijing formally announced their “no limits” relationship, taking what had been a marriage of convenience and renewing their vows, this time with feeling. Ever since, bilateral trade and military cooperation between the two have exploded. 

Trade between Russia and China soared to a record $240 billion last year, and it kept growing in the first quarter of this year. Russia is sending oil and natural gas east, and getting in return cars, machinery, and some critical components to keep its defense industrial base humming. In particular, U.S. officials say, China is providing Russia with drone and missile engines as well as semiconductors that Russia needs for its defense industry. U.S. Secretary of State Antony Blinken last week protested to his Chinese counterpart about Beijing’s role in propping up Moscow’s illegal war in Ukraine. 

But the growing military cooperation is not only a concern for the war in Ukraine. It also has implications for a potential U.S.-China conflict.

“What’s even more important is what Russia is having to give away in return” for what it’s getting from China, said Andrea Kendall-Taylor, director of the Transatlantic Security Program at the Center for a New American Security. “Russia is augmenting the military capabilities of China and our other adversaries.” 

Moscow, for years leery of providing Beijing with advanced military and aerospace technology, is now opening the vault, providing advanced air defense systems and reportedly some of the advanced technology used in China’s breakthrough new quiet submarines.

The closer trade and military ties go hand in hand with an invigorated diplomatic outreach. This month, Chinese President Xi Jinping welcomed Russian Foreign Minister Sergey Lavrov, where the two gushed about their creation of an alternative to the U.S.-led global order; Lavrov said enhancing ties with China was Russia’s top foreign-policy priority. When Putin travels to the country next month, it will mark his first foreign trip since his “reelection” in March. 

Both countries are at odds with the West, and especially the United States—Russia for its invasion of Ukraine and China for many reasons, not least its threat to take Taiwan by force—so they are seeking a safe harbor. 

In many ways, the intensified economic relationship between the two countries is a product of Western pressure. Russia, stung by ratcheted-up Western sanctions after its full-scale invasion, belatedly sought alternative markets to the lucrative one it lost in Europe. 

China, which by all accounts is preparing for a possible military solution to its decades-old Taiwan problem, is itself trying to prepare for a world of economic hurt. That is why in recent years Xi has not only looked for self-reliance in high-technology sectors threatened by Western trade restrictions, but has also increasingly warned the Chinese public of the need to brace for “extreme scenarios” if the country becomes an economic and financial pariah due to its own war of choice.

“They are creating an alternative order. Their convergence creates a new center of gravity around which others can gravitate when they are dissatisfied,” said Kendall-Taylor, who previously served as a U.S. intelligence officer. She said that the rejuvenated grouping, despite plenty of historical and modern-day differences, will make it harder for the United States and Europe to rally coalitions of countries to impose costs on aggressor states and enforce global rules.

Yet a Sino-Russian condominium won’t solve either Russia’s immediate problems or China’s long-term challenges.

For Russia, the biggest casualty of the war in Ukraine—besides nearly half a million Russian dead and wounded—is access to the European market for its energy exports, formerly the source of about 40 percent of Russia’s budget. Making lemonade out of the lemons that are the probable loss for good of its biggest and richest market, Russia intensified the pivot to the east that it began the first time it started a war with Ukraine and fell afoul of Western sanctions. Russian oil, largely blocked from the West, has flowed east. Russian gas, unwelcome now in Europe, is seeking a new home in China.

But the Chinese market is not at all a replacement for Russia’s lost markets elsewhere: It is smaller, brings fewer returns, and promises almost none of the advanced energy-sector technology Moscow needs to keep its fields pumping efficiently and its compressors working. 

“Asia is very much a consolation prize, and a poor one at that, compared to the loss of Europe,” said Craig Kennedy, an expert on Russia’s energy sector at Harvard University’s Davis Center for Russian and Eurasian Studies.

Russian oil that formerly traded in Europe at only a modest discount to global benchmarks, and which was part of an integrated energy system with Russian gas stations and retail sales, is now scuttling furtively around the seas looking for buyers who demand—and receive—big discounts. Russian oil exports to China have soared, replacing Saudi Arabia as Beijing’s biggest supplier. But it all comes at a discount, and China pockets the profitable bits by refining Russian crude at home. 

Ditto with Russian natural gas, which formerly heated Europe but now sits largely untapped in Siberia since Europe quickly swore off Russian gas due to Putin’s latest war. Plans between Russia and China to expand (discounted) gas sales, in the works for years, could amount to an additional 16 billion cubic meters a year—about 10 percent of what Russia formerly exported at a premium to Europe.

And whereas in the past, Russia could count on Europe for advanced technology to goose tired oil fields, tackle challenging frontier projects, and keep its Arctic gas liquefaction plants operational, it now can get almost none of that. Chinese technology can fill Russian gaps in drones, chips, and missiles, but it can’t make old oil fields young again or keep thousand-mile gas pipelines fitted with vital turbines for compression.

“Russia has to pivot, because it has no other choice,” Kennedy said. “But we’re only now beginning to see the full impacts” of the shift of Russia’s energy markets from west to east, he said.

And while the two countries talk up the broader importance of their growing trade ties, touting a near “de-dollarization” of bilateral trade, the reality is a lot messier. Despite years of half-hearted Chinese efforts to internationalize its currency and turn it into something resembling a reserve currency, the renminbi is still between the Canadian dollar and the British pound as far as cross-border trade goes—a distant rival to the U.S. dollar and the euro.

Even Russian firms doing more business with China are relying on expensive middlemen to figure out how to handle payments and transactions in a world where U.S. financial sanctions play whack-a-mole with banks that facilitate illicit trade. In some cases, it’s not just Russian exports that head east: Due to difficulties dealing with international financial sanctions, some Russian firms are decamping smelter and all to China.

Recent U.S. moves to deploy even more sanctions, nominally against Iran but targeting Chinese involvement, are a reminder of the reach of the dollar-denominated global financial system. Even the bottlenecks in Russian bilateral trade with China are reflective of Chinese banks’ unwillingness to risk opprobrium for what is, after all, a tertiary market. 

As China prepares its populace and economy to withstand what could be a battery of sanctions and financial isolation in the event of a war in the Pacific, the vaunted closer ties with Russia are actually a reminder of just how little economic and financial pull the new center of gravity really has.

[eretzyisrael]

Today Israel confirmed that Germany is buying the Arrow air defense system. The overall cost is thought to be around $4 billion. Israel and Germany had been in talks since last year. The system was developed by IAI with support from Israel and the US. This system is designed to defend against the top tier of long range threats, such as ballistic missiles, the kind of missiles that are exoatmospheric.

This is a big purchase. It follows Israel selling David's Sling to Finland. What this means is that Israeli defense tech is now increasingly integrated throughout Europe. Hardly a week goes by without another announcement. Elbit, for instance, has a series of recent deals, including an EW deal in Germany announced this week for helicopters. Greece is getting Rafael's Spike missiles. Central and Eastern Europe is a big market.

As European countries empty inventories to send to Ukraine they need new and modern systems. Israel is well placed to provide systems that are proven. Also Israel exports are not an all-time high for defense products; a total of $12 billion last year. Of this around one quarter went to the Abraham Accords countries.

Israel is now more than just providing "weapons", these are systems and system of systems that help integrate radars in central Europe to countries defenses; and also provide multiple layers of defense tech. Israel also has strategic partnerships in India, with a lot of partnerships for India's local production; and with Azerbaijan and increasingly in Asia/Pacific. In the US Israeli companies partner with major US companies such as Lockheed and Raytheon; and unique Israeli defense products, such as items that protect against drones, or the Trophy system for tanks, are being outfitted to US forces. The talk and critique we hear sometimes of "the US should end aid to Israel" has no basis in reality. The R and D partnerships and deals are so deep and complex today that the critics have no idea what they are talking about.

Here is Israel's statement*

Defense Minister Yoav Gallant, the Israel Ministry of Defense and Israel Aerospace Industries welcome the German Ministry of Defense and the Bundestag’s Budget and Defence Committees’ approval of the commitment to initiate the necessary steps to acquire the Israeli “Arrow 3” air and missile defense system.

The professional teams led by the Director General of the IMOD, Maj. Gen. (Res.) Eyal Zamir, the DDR&D’s Israel Missile Defense Organization (IMDO) and Israel Aerospace Industries are continuing discussions with their German counterparts to finalize the procurement contract. Israel Ministry of Defense officials maintain ongoing communication with the American administration to ensure the necessary sales approval.

The German commitment letter will be signed after the American administration grants approval for the sale.

Please find photos of the Arrow 3 system below for your use.

Photo credit: Ministry of Defense Spokesperson’s Office

Seth J. Frantzman

[bhavesh2022]

Fertilizer Additive Market to Reach US$ 4,050.19 million with a CAGR of 2.4% from 2022 to 2028

The Fertilizer Additive Market is expected to reach at US$ 4,050.19 million by 2028; registering at a CAGR of 2.4% from 2022 to 2028, according to a new research study conducted by The Insight Partners.

Because of the growing population, there is a greater need for food grains, which has increased demand for fertilisers in many nations. The Food and Agriculture Organization of the United Nations (FAO) and the International Food Policy Research Institute (IFPRI) predict that the increase in consumer affluence in places like Asia, Eastern Europe, and Latin America would cause a 70% increase in the world's food demand by the year 2050. The Joint Research Centre's assertions that fertilisers have become more widely used to increase food production as a result of the shrinking area of arable land and the rising demand for food in various countries were also supported by a report released by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services.

Further, the increased production of synthetic fertilizers witnessing the enhancement in crop yield. Hence, the manufacturers are focusing on to increase the synthetic fertilizers production on commercial basis along with the blend of fertilizer additives. Therefore, the rising commercial synthetic fertilizer production demand for additives which propels the fertilizer additive market growth.

The rising population of various countries and their governments focus on the development of sustainable agriculture will enable to increase the food production. The growing population and rising need for food security tends to adopt fertilizer additives in fertilizers industry, which is fueling the fertilizer additive market growth. Due to growing urbanization, the available arable land is expected to decrease. As a result, fertilizers are likely to play an essential role in increasing the average crop yields per hectare. However, the quality and performance of fertilizers deteriorates over time, and chemical fertilizers are leading to deteriorate the soil fertility. Fertilizer additives aid in the production, handling, storage, and transportation of fertilizers. The additives help fertilizers maintain their shape, limit caking, decrease dust formation during manufacturing of fertilizers, and avoid wetting of fertilizers. Hence, the manufacturers in fertilizers industry has been adopting fertilizer additives rigorously. Thus, the growing use of fertilizers in agricultural practices is estimated to fuel the fertilizer additives market growth.

The key players operating in the global fertilizer additive market include Arkema Group; Solvay; KAO CORPORATION; Chemipol S.A.; Chemsol LLC; Clariant; Dorf Ketal; Michelman, Inc.; Omex Agriculture, Inc.; and Novochem Group. Players operating in the global fertilizer additive market are focusing on providing high-quality products to fulfill customer demand. They are also focusing on strategies such as investments in research and development activities and new product launches.

Form and kind are the two main divisions in the market for fertiliser additives. The market is divided into granular, prilled, and powder segments based on form. The market is divided into categories based on type, including corrosion inhibitors, granulation aids, colouring agents, anti-caking agents, and others. The Middle East & Africa (MEA), South & Central America, Asia Pacific (APAC), and North America are the main geographic divisions of the fertiliser additive market.

Browse More Information@ https://www.theinsightpartners.com/reports/fertilizer-additive-market

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[industrynewsupdates]

Quantum Computing Market Forecast: Growth, Opportunities, and Emerging Trends

The global quantum computing market size is anticipated to reach USD 4.24 billion by 2030, registering a CAGR of 20.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. 

Quantum computing is an emerging field with the potential to revolutionize various industries and computing paradigms. While the market for quantum computing is dynamic and subject to rapid changes, several global growth trends have been shaping up its dynamics.

Investments from governments, tech giants, and venture capitalists in quantum research and development are crucial for the advancement of quantum technology. These investments support research efforts, enable the development of cutting-edge hardware and software, and drive innovation across various industries. Quantum technology is highly complex and requires significant resources for research and development. These investments help accelerate progress by providing funding for experimental work, the recruitment of top talent, and access to advanced research facilities. For instance, in November 2023, the U.S. Defense Advanced Research Projects Agency (DARPA) awarded Phase 2 funding to Rigetti Computing. This potential grant, amounting to USD 1.5 million, is intended to support Rigetti Computing in developing benchmarks for assessing the performance of large-scale quantum computers in real-world applications.

Gather more insights about the market drivers, restrains and growth of the Quantum Computing Market

Quantum Computing Market Report Highlights

• Based on offering, the system segment dominated the market with a revenue share of over 64.2% in 2023. The service segment, on the other hand, is expected to register the fastest CAGR during the forecast period, attributed to the increasing number of startups investing in R&D related to quantum computing technology.

• Based on deployment, the cloud segment is projected to account for a larger market share than the on-premises segment from 2024 to 2030

• Based on application, the optimization segment held the largest revenue share of 30.8% in 2023. By leveraging the power and speed of quantum computing, an organization can optimize their operation, improve its decision-making, and reduce costs.

• Europe dominated the market with a revenue share of 34.2% in 2023. The region witnessed the emergence of several startup and spinoff companies focused on companies focused on quantum computing

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global AI agents market size was valued at USD 3.86 billion in 2023 and is expected to grow at a CAGR of 45.1% from 2024 to 2030.

• The global accelerated processing unit market size was estimated at USD 13.85 billion in 2023 and is projected to grow at a CAGR of 17.5% from 2024 to 2030. 

Quantum Computing Market Segmentation

Grand View Research has segmented the global quantum computing market based on offering, deployment, application, end-user, and region:

Quantum Computing Offering Outlook (Revenue, USD Million, 2017 - 2030)

• System

• Services

Quantum Computing Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• On-Premises

• Cloud

Quantum Computing Application Outlook (Revenue, USD Million, 2017 - 2030)

• Optimization

• Simulation

• Machine Learning

• Others

Quantum Computing End-user Outlook (Revenue, USD Million, 2017 - 2030)

• Aerospace & Defense

• BFSI

• Healthcare

• Automotive

• Energy & Power

• Chemical

• Government

• Others

Quantum Computing Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

• Europe

o UK

o Germany

• Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

• Latin America

o Brazil

o Mexico

• Middle East & Africa

o KSA

o UAE

o South Africa

Order a free sample PDF of the Quantum Computing Market Intelligence Study, published by Grand View Research.

[global-research-report]

How Ceramic Matrix Composites Are Shaping the Future of Manufacturing

Ceramic Matrix Composites Industry Overview

The global ceramic matrix composites market size is expected to reach USD 8.94 billion by 2030, registering a CAGR of 12.8% during the forecast period, according to a new report by Grand View Research Inc. Increasing demand for ceramic matrix composites is being driven by their superior properties, such as high-temperature stability, reduced weight, and high strength.

Ceramic matrix composites have evoked keen interest from the aerospace and automotive sectors, owing to their superior mechanical properties, high strength-to-weight ratio, and vast application scope. Increasing fuel prices have triggered the need for lightweight components to boost fuel efficiency. The majority of automobiles today run on conventional fuel, so fuel-efficient products are in high demand. However, applications for CMCs are restricted due to their high prices. CMCs are mainly used in aerospace, automotive, and electronic or thermal management applications. CMC users come from industries such as Boeing, Airbus S.A.S., NASA, GE Global Research, etc.

Gather more insights about the market drivers, restrains and growth of the Ceramic Matrix Composites Market

Market players focus on expanding their product portfolio and implementing faster product delivery strategies to gain a competitive advantage in various regional markets. The industry's rivalry is expected to be moderate with major players adopting strategies such as new product developments, acquisitions, partnerships, and joint ventures.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

The global cobalt market siz ewas estimated at USD 16.96 billion in 2024 and is expected to grow at a CAGR of 6.7% from 2025 to 2030. 

The global silicon carbide fibers market size was valued at USD 1.20 billion in 2024 and is projected to grow at a CAGR of 28.1% from 2025 to 2030. 

Ceramic Matrix Composites Market Segmentation

Grand View Research has segmented the global ceramic matrix composites market report based on product, application, and region:

Ceramic Matrix Composites Product Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

Oxides

Silicon Carbide

Carbon

Others

Ceramic Matrix Composites Application Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

Aerospace

Defense

Energy & Power

Electrical & Electronics

Others

Ceramic Matrix Composites Regional Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

UK

France

Spain

Italy

Asia Pacific

China

India

Japan

South Korea

Central & South America

Brazil

Middle East & Africa

Key Companies profiled:

3M Company

COI Ceramics, Inc.

Coorstek, Inc.

General Electric Company

Kyocera Corporation

Lancer Systems LP

SGL Carbon Company

Ultramet, Inc.

Ube Industries, Ltd.

Order a free sample PDF of the Ceramic Matrix Composites Market Intelligence Study, published by Grand View Research.

[mordormr]

Exploring the Molybdenum Industry: Market Trends, Size, and Future Outlook 

The molybdenum industry plays a critical role in global industries, supplying a versatile element used across sectors such as steel production, chemicals, electronics, and renewable energy. With its unique properties, including high melting point, corrosion resistance, and superior strength, molybdenum is indispensable in applications ranging from alloys to catalysts. This blog delves into the key trends, market size, and future potential of the molybdenum industry, highlighting its growing significance. 

Market Size and Regional Insights 

Global Market Size 

The molybdenum market is projected to experience robust growth, with an estimated CAGR exceeding 4% during the forecast period. 

Regional Leaders 

Asia-Pacific: Dominates the market with robust demand from steel and chemical industries in China and India. 

North America and Europe: Focus on technological advancements and renewable energy are driving growth. 

Market Trends Shaping the Molybdenum Industry 

Demand in Steel Production: Approximately 80% of molybdenum is consumed in the steel industry, where it improves the alloy's durability and heat resistance. The rise in global construction activities and infrastructural investments continues to drive demand for molybdenum-enhanced steel. 

Emerging Role in Renewable Energy: As the world transitions to cleaner energy, molybdenum’s role in wind turbines and solar panels is becoming significant. Its applications in energy storage and hydrogen production technologies are further enhancing its demand. 

Technological Advancements: Innovations in molybdenum-based alloys and coatings are expanding its use in aerospace, defense, and advanced manufacturing industries. These advancements are expected to spur market growth in the coming years. 

Sustainability and Recycling Initiatives: With increasing environmental concerns, the industry is witnessing a shift toward recycling molybdenum. Sustainable mining practices are also becoming a priority, which may impact the market dynamics. 

Challenges in the Molybdenum Market 

Price Volatility: The market is heavily influenced by fluctuating global commodity prices. 

Mining Regulations: Stringent environmental regulations can affect the supply chain. 

Dependence on Copper Mining: As a byproduct of copper extraction, its availability is linked to copper market dynamics. 

Future Outlook 

The molybdenum industry is poised for steady growth, driven by the increasing adoption of advanced technologies and renewable energy solutions. Stakeholders focusing on sustainable practices and diversification of applications are expected to gain a competitive edge. 

Conclusion 

The molybdenum market is an ever-evolving landscape influenced by advancements in industries such as steel, electronics, and green energy. While challenges like resource dependency and price volatility persist, the industry's focus on sustainability and innovation will likely drive its growth. Businesses investing in molybdenum’s varied applications are set to capitalize on this lucrative market. 

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence https://www.mordorintelligence.com/industry-reports/molybdenum-market 

[123567-9qaaq9]

Informative Report on Permanent Magnet Market | Bis Research

A permanent magnet is a material that produces a persistent magnetic field without the need for an external power source. It is magnetized through a process called "magnetization" and retains its magnetic properties over time.

Permanent magnets are typically made from materials such as iron, cobalt, nickel, and alloys like neodymium or samarium-cobalt. These magnets have a north and south pole, and the magnetic field lines emerge from the north pole and curve around to the south pole. The strength of the magnetic field can vary depending on the material and the magnet's size.

The Global Permanent Magnet Market was valued at $329.83 billion in 2023 and is projected to grow at a CAGR of 8.52%, reaching $820.14 billion by 2034

Permanent Magnet Overview

Permanent magnets are materials that generate a constant magnetic field without the need for an external power source. Unlike electromagnets, which require an electric current to produce a magnetic field, permanent magnets maintain their magnetism over time due to the alignment of their atomic magnetic domains. These domains are regions where the magnetic moments of atoms are aligned in the same direction, giving the material its magnetic properties.

Permanent magnets are typically composed of ferromagnetic materials, such as iron, cobalt, nickel, and certain alloys like neodymium (NdFeB) and samarium-cobalt (SmCo), which are known for their strong magnetic properties. The strength of a permanent magnet is influenced by its composition, the size and shape of the magnet, and the method used to magnetize it.

Download our Report to know more 

Market Segmentation 

1 By Application 

• Consumer Electronics

• Automotive

• Medical

• Environment and Energy

• Aerospace and Defense

• Others

2 By Type 

• Neodymium Iron Boron Magnets

• Ferrite Magnets

• Samarium Cobalt Magnets

• Alnico Magnets

• Others

3 By Region 

• North America

• Europe

• Asia-Pacific

• Rest-of-the-World

Visit our TOC page to know better  !

Future Prospects

The following are the key factors for influencing the future of the permanent magnet includes 

Renewable Energy and Electric Vehicles 

Technological advancements in Magnets 

Growth in consumer electronics 

Advancements in medical devices 

Conclusion 

Permanent magnets play a crucial role in modern technology and everyday applications due to their ability to maintain consistent magnetic properties over time without an external power source. These magnets, typically made from materials such as ferrites, neodymium-iron-boron (NdFeB), and samarium-cobalt, exhibit strong magnetic fields that enable efficient and reliable performance in devices like electric motors, generators, sensors, and medical equipment.

Advancements in material science continue to enhance the strength, durability, and temperature resistance of permanent magnets, expanding their utility in renewable energy systems, robotics, and high-tech industries. Their contribution to reducing energy consumption and enabling compact, efficient designs. 

[usafphantom2]

ADEX: MBDA highlights Meteor air-to-air missile with the KF-21

Fernando Valduga By Fernando Valduga 10/17/2023 - 14:00in Armaments, Military

During the Seoul International Aerospace and Defense Exhibition (ADEX) 2023, MBDA is presenting its Meteor missile on KF-21 Boramae fighter planes.

KF-21 fighters equipped with Meteor will dominate air combat, as the Meteor provides a far greater escape exclusion zone and a higher probability of shooting than any other missile. This is due to its unique ramjet engine that powers the Meteor at supersonic high speed throughout the missile flight, allowing the Meteor to chase and maneuver behind hostile fighters like any other missile.

The integration of Meteor into KF-21 Boramae combat aircraft is being conducted quickly and in close partnership between Korea Aerospace Industries (KAI) and MBDA, with flight and launch tests already underway.

MBDA is a true world leader in missile systems, with more than 60 years of experience in developing cutting-edge missiles in cross-border partnerships that make the company a natural partner to accelerate national development programs, increase platform lethality and exportability.

KAI and MBDA are also working together to integrate MBDA's Mistral ATAM air-to-air missile into the Marine Corps of Korea's KAI MAH helicopter. MBDA has a long history of cooperation with Korea through MBDA's participation in the Taurus deep attack cruise missile that equips Korea's F-15K attack fighters.

MBDA will also display many other powerful missile systems in ADEX. These include the MBDA ASRAAM air combat missile, the Brimstone precision attack missile, the Sea Venom helicopter-launched anti-ship missile, the Sky Warden anti-UAV system, the SPEAR miniature cruise missile and the SPEAR-EW electronic warfare system.

Tags: Military AviationKADEXKF-21 BoramaeMBDAMeteor BVRAAMROKAF - Republic of Korea Air Force/South Korea Air Force

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Fernando Valduga

Fernando Valduga

Aviation photographer and pilot since 1992, has participated in several events and air operations, such as Cruzex, AirVenture, Dayton Airshow and FIDAE. He has work published in specialized aviation magazines in Brazil and abroad. Uses Canon equipment during his photographic work in the world of aviation.

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[mariacallous]

US Plans 200% Tariff on Russia Aluminum as Soon as This Week

The US is preparing to slap a 200% tariff on Russian-made aluminum as soon as this week to keep pressure on Moscow as the one-year anniversary of the invasion of Ukraine nears, according to people familiar with the situation. 

President Joe Biden has yet to give the official go-ahead, and there have been concerns in the administration about collateral damage on US industries, including aerospace and automobiles, said the people, who asked not to be identified discussing internal deliberations. 

The move, which has been contemplated for months, is also aimed at Russia, the world’s second-largest aluminum producer, because Moscow has been dumping supplies on the US market and harming American companies. The timing of the decision could slip past this week, one of the people said. 

The White House National Security Council didn’t immediately respond to requests for comment.

The escalation of pressure on Moscow comes after Washington unleashed unprecedented levels of sanctions to punish and isolate President Vladimir Putin’s government, including freezing its central bank assets globally, targeting its banking, technology and defense sectors and sanctioning individuals linked to Putin.

The move against aluminum also continues efforts by the US and European Union to blunt Russia’s role as global commodities powerhouse. The EU has banned imports of Russian oil, gas and fuels in an attempt to cut its reliance on Moscow. The impact of that move, however, has been mitigated by a redrawing of the global oil trade map, with most crude supplies going now to China and India at lower prices.

There’s no indication so far that the EU is planning a similar move on Russian aluminum. 

US Market

Russia, the world’s largest aluminum producer after China, has been a significant source of material for the US market. Most of it is value-added items, rather than in bulk product, with US buyers ranging from building and construction to automotive.

Such a steep tariff would effectively end US imports of the metal from Russia. While the country has traditionally accounted for 10% of total US aluminum imports, the amount has dropped to just more than 3%, according to US trade data.

The tariff option would be less severe than actions considered last year by the administration, including an outright ban or sanctions on Russia’s sole producer of the metal, United Co. Rusal International PJSC. Such a move risked wider market disruptions, by making Russian supplies essentially toxic for buyers globally. 

Rusal shares in Moscow were trading down as much as 3% on Monday after the news. The company declined to comment.

As the White House has weighed action on Russian aluminum, buyers in the US had been discussing the potential of alternate supply in the event of a ban, tariff or sanction. Industry participants in recent months have also tried to game plan where Russian metal would go if it was suddenly blocked out of the US market, as well as Europe, with many speculating that it could be transshipped via China or other countries and reexported, obscuring its origins.

Industry Support

Aluminum prices dropped about 15% last year amid worries of a slowing global economy and the ongoing pandemic lockdowns in China, the world’s largest consumer. 

Aluminum futures traded on the London Metal Exchange on Monday briefly erased gains and rose as much as 0.6% on news of the tariffs, before declining 1.7% to $2,526.50 a metric ton as of 3:25 p.m. London time.

The Aluminum Association, a trade group that represents the industry in the US, said in a statement Monday that “the aluminum industry stands in support of any and all efforts deemed necessary by the US government and its NATO allies” to address Russia’s invasion. “This is a global security and humanitarian disaster that goes far beyond the interests of any single industry.”

US imports of Russian aluminum had dropped to near zero in October as the administration weighed a ban, worrying domestic buyers who didn’t want to be stuck with the material. Imports rebounded to 11,600 tons in November before easing back to 9,700 tons in January.