Posts tagged as defense industry

Estonian defense industry businesses now relying on state orders

Monday, June 1, 2020

As business-owners typically geared toward foreign markets are noticing the postponement or cancellation of foreign orders, the Estonian Defense Industry Association (EKTL) is hoping for orders from within Estonia during the economic downturn, noting that defense industry businesses and the state as the builder of defense capacity are dependent on one another. The first naval defense boats are wrapping up being built in Saaremaa. The shipyard has built 250 pilot…

European defense industry could come to regret new US weapons fund

By Aaron Mehta and Sebastian Sprenger on Saturday, June 1, 2019

A new initiative by the Trump administration to subsidize U.S. weapons sales to some former Warsaw Pact countries could rankle European defense leaders, some of whom are fuming over Washington’s recent request for full access to European Union defense coffers. The European Recapitalization Incentive Program, or ERIP, a new tool developed with U.S. European Command to speed the process of getting allied nations off Russian gear, plans to spread $190…

Neutral Switzerland wants to sell weapons to states in ‘internal conflict’

Monday, June 18, 2018

Switzerland, a country famous for its neutrality, announced on Friday, June 15 that it wants to allow the sale of arms in countries in the grip of an “internal armed conflict,” under certain conditions. Causing outcry from opponents, the Swiss government said that “war materials” could be sold, but only if they were not used during an internal conflict. “The delivery of war material to a country involved in an…