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German defence minister seeks to develop advanced Taurus missiles, source says

UPDATE 1-German defence minister seeks to develop advanced Taurus missiles, source says Germany plans to buy 600 Taurus Neo missiles, says source Says project has backing of ruling coalition Der Spiegel magazine was first to report plan Ukraine is pressing Germany to provide Taurus missiles Recasts with source backing report, details BERLIN, Oct 25 (Reuters) - German Defence Minister Boris Pistorius aims to develop an advanced version of the Taurus cruise missile and buy 600 of them , a parliame
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German defence minister seeks to buy more Taurus cruise missiles, Spiegel reports

German defence minister seeks to buy more Taurus cruise missiles, Spiegel reports BERLIN, Oct 25 (Reuters) - German Defence Minister Boris Pistorius aims to buy 600 Taurus cruise missiles but has not yet secured the necessary funding, Spiegel magazine reported on Friday, as Ukraine continues to push Berlin to supply it with the long-range weapon. So far, German forces have some 600 of the missiles with a range of more than 500 km (311 miles) in their inventories, to be launched from fighter jets
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UK Stocks-Factors to watch on Oct 24

UPDATE 1-UK Stocks-Factors to watch on Oct 24 Adds news items, FTSE 100 index trading Oct 24 (Reuters) - Britain's FTSE 100 .FTSE index trading up 0.5% in early trade on Thursday. * LSEG: London Stock Exchange Group LSEG.L said its income rose a better-than-expected 9.5% in the third quarter versus a year earlier. * BARCLAYS: Barclays' BARC.L third quarter profit rose 18% as its investment bank cashed in on a jump in corporate dealmaking and trading during the period.
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UK Stocks-Factors to watch on Oct 24

UK Stocks-Factors to watch on Oct 24 Oct 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.22%. * CAR PRODUCTION: UK car output fell for the seventh consecutive month in September, as factories wind down production of current models to retool for new zero-emission vehicles (ZEV), industry data showed.
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Saab profit rises, sees sales growth at upper end of forecast range

UPDATE 2-Saab profit rises, sees sales growth at upper end of forecast range Saab Q3 op profit 1.19 bln SEK vs forecast 1.14 bln Order intake rises 41% yr/yr in quarter Sees 2024 organic sales growth at upper end of 15-20% range Adds detail, background, CEO comment in paragraphs 5-9 By Niklas Pollard STOCKHOLM, Oct 22 (Reuters) - Swedish defence material maker Saab SAABb.ST on Tuesday reported a slightly bigger-than-expected rise in third-quarter operating earnings and affirmed its outlook for s
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British Business - Oct. 21

PRESS DIGEST-British Business - Oct. 21 Oct 21 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Microsoft MSFT.O and the British government have agreed a memorandum of understanding giving public sector organisations access to Microsoft's portfolio of AI-powered products and services.
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Germany says Britain taking lead on possible Eurofighters for Turkey

UPDATE 2-Germany says Britain taking lead on possible Eurofighters for Turkey Adds British government spokesperson in paragraphs 4,5 ISTANBUL, Oct 19 (Reuters) - German Chancellor Olaf Scholz said on Saturday that a project to possibly supply Turkey with Eurofighter jets was an effort being driven by Britain and was in the early stages. "It is something that will continue to develop, but is now being driven forward from there (Britain)," he said when asked about potential movement on the issue a
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Adidas, Bellway, Nestle

EUROPE RESEARCH ROUNDUP- Adidas, Bellway, Nestle Oct 18 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Adidas, Bellway, and Nestle, on Friday. HIGHLIGHTS * Adidas AG ADSGn.DE : Baader Helvea raises to add from reduce * Bellway Plc BWY.L : Peel Hunt cuts to hold from add * Danone DANO.PA : Morgan Stanley cuts to equal weight from overweight * Greencore GNC.L : Deutsche Bank raises to hold from sell * Nestle SA NESN.S : Jefferies cut
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Turkey working to accelerate Eurofighter jets buy, official says

Turkey working to accelerate Eurofighter jets buy, official says ANKARA, Oct 17 (Reuters) - Turkey has been conducting technical works aimed at accelerating its planned purchase of Eurofighter Typhoon fighter jets, a defence ministry official said on Thursday. Ankara said last year it was in talks with Eurofighter consortium members Britain and Spain to buy Typhoons, though Germany objected the idea.
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BAE Systems And Kongsberg Sign Teaming Agreement For New Platform Situational Awareness Tool

BRIEF-BAE Systems And Kongsberg Sign Teaming Agreement For New Platform Situational Awareness Tool Oct 16 (Reuters) - BAE Systems PLC BAES.L : BAE SYSTEMS AND KONGSBERG SIGN TEAMING AGREEMENT FOR NEW PLATFORM SITUATIONAL AWARENESS TOOL BAE SYSTEMS: UNDER AGREEMENT, COMPANIES WILL SUPPORT TECHNOLOGY UPGRADES THROUGH PRODUCT LIFECYCLES Source text fo
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Bae Systems Awarded Up To $460 Million U.S. Army Contract For Multi-Mode Aviation Radio Set

BRIEF-Bae Systems Awarded Up To $460 Million U.S. Army Contract For Multi-Mode Aviation Radio Set Oct 15 (Reuters) - BAE Systems PLC BAES.L : BAE SYSTEMS AWARDED UP TO $460 MILLION U.S. ARMY CONTRACT FOR MULTI-MODE AVIATION RADIO SET Source text for Eikon: ID:nPn4vSRmqa Further company coverage: BAES.L
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Technical agreement on GCAP project close to be signed, Leonardo CEO says

BRIEF-Technical agreement on GCAP project close to be signed, Leonardo CEO says Oct 15 (Reuters) - Leonardo CEO Roberto Cingolani tells a press conference: ITALY'S LEONARDO CEO: TECHNICAL AGREEMENT FOR NEXT-GENERATION FIGHTER JET PROGRAMME GCAP CLOSE TO BE SIGNED Further company coverage: LDOF.MI 7011.T BAES.L Reporting by Milan Newsroom
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Hanwha Aerospace's Europe land arms sales to double by 2027, CEO says

REFILE (OFFICIAL)-RPT-Hanwha Aerospace's Europe land arms sales to double by 2027, CEO says Refiles to clarify that South Korea could fill the demand for arms in the quote in paragraph 16 Hanwha's willingness to make products overseas to boost sales Company can meet conventional weapons demand in Indo-Pacific Hanwha can provide systems 1-2 years faster than competitors -CEO By Joyce Lee SEOUL, Oct 7 (Reuters) - Hanwha Aerospace 012450.KS , South Korea's biggest defence firm, expects European lan
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US State Dept okays defense sales to India, Italy, Romania for $965 million

US State Dept okays defense sales to India, Italy, Romania for $965 million WASHINGTON, Oct 7 (Reuters) - The U.S. State Department approved possible military sales to Italy, India and Romania for a combined total of $965 million, the Pentagon said on Monday. The potential sales are: India for MK 54 MOD 0 Lightweight Torpedoes for $175 million; Romania for sentinel radar systems for $110 million; and Italy for electronic attack mission system for $680 million, the Pentagon said in separate state
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REFILE Hanwha Aerospace's Europe land arms sales to double by 2027, CEO says

REFILE (OFFICIAL)-Hanwha Aerospace's Europe land arms sales to double by 2027, CEO says Refiles to clarify that South Korea could fill the demand for arms in the quote in paragraph 16 Hanwha's willingness to make products overseas to boost sales Company can meet conventional weapons demand in Indo-Pacific Hanwha can provide systems 1-2 years faster than competitors -CEO By Joyce Lee SEOUL, Oct 7 (Reuters) - Hanwha Aerospace 012450.KS , South Korea's biggest defence firm, expects European land ar
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Darpa Awards Bae Systems' Fast Labs $6 Million For Mission-Integrated Network Control Program

BRIEF-Darpa Awards Bae Systems' Fast Labs $6 Million For Mission-Integrated Network Control Program Oct 2 (Reuters) - BAE Systems PLC BAES.L : BAE SYSTEMS: DARPA AWARDS BAE SYSTEMS' FAST LABS $6 MILLION FOR MISSION-INTEGRATED NETWORK CONTROL PROGRAM Further company coverage: BAES.L
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European shares end flat as rising energy shares offset concern over Middle East

UPDATE 2-European shares end flat as rising energy shares offset concern over Middle East For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 flat Defence companies rise amid Middle East conflict Euro zone's unemployment rate at 6.4% for August Updated at 1620 GMT By Pranav Kashyap and Shashwat Chauhan Oct 2 (Reuters) - Europe's STOXX 600 ended flat on Wednesday as investors shied away from risk-taking amid more warfare in the Midd
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India's PTC Industries rises after order win

BUZZ-India's PTC Industries rises after order win ** Shares of India's PTC Industries PCIN.NS rose as much as 4%; last up 3% to 1,3445 rupees ** Co gets production order from BAE Systems for supply of titanium castings ** PCIN set to end lower this month after five months of gains ** Stock has jumped over 123% YTD Reporting by Yagnoseni Das in Beng
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Bae Systems Awarded Modernization Contract For Uss Halsey

BRIEF-Bae Systems Awarded Modernization Contract For Uss Halsey Sept 26 (Reuters) - BAE Systems PLC BAES.L : BAE SYSTEMS AWARDED MODERNIZATION CONTRACT FOR USS HALSEY BAE SYSTEMS: RECEIVED $177.8 MILLION CONTRACT FROM U.S. NAVY Source text for Eikon: ID:nPn6Nr72xa
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Saab plans to set up production in Ukraine amid growing demand

Saab plans to set up production in Ukraine amid growing demand WARSAW, Sept 25 (Reuters) - Saab is looking to set up production in Ukraine to support the country's development of independent defence capabilities, the Swedish defence equipment maker's CEO told Reuters. Russia's full-scale invasion of Ukraine in February 2022 has prompted a surge in demand for military equipment, with several Western manufacturers looking to set up production in Ukraine.
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