Finance

Sweden getting into the NATO groove by aiding Ukraine, boosting budget

Sweden getting into the NATO groove by aiding Ukraine, boosting budget

HALIFAX, Nova Scotia — Days after Sweden announced its largest military aid package yet for Ukraine, its lead defense officials are positioning the Nordic country’s contributions as an example of what to expect from Stockholm as a NATO member.

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Nordic nations may pool their growing military support to Ukraine

Nordic nations may pool their growing military support to Ukraine

HELSINKI — Nordic governments are exploring a number of joint initiatives to support Ukraine’s defense against Russia, including proposals for shared weapons buys, coordinating arms donations and expanding logistics cooperation to safely transport military equipment to the war-torn country.

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Europe's uphill battle to confiscate Russian assets

Europe's uphill battle to confiscate Russian assets

The European Commission is exploring legal options to confiscate Russian state and private assets as a way to pay for Ukraine's reconstruction, according to a document seen by POLITICO.

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President of largest rail union predicts congressional intervention after ‘no’ vote

President of largest rail union predicts congressional intervention after ‘no’ vote

“Something’s gotta happen by then, otherwise we’ll all walk,” Ferguson said.

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Weapons shortages spark tough choices for Ukraine’s allies

Weapons shortages spark tough choices for Ukraine’s allies

HALIFAX, Nova Scotia ― Top defense officials in Europe say arms shortages among Ukraine’s Western allies are forcing difficult conversations about how to balance support for Ukraine with concerns Russia may target them next.

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Poland accepts Germany’s Patriot offer after fatal missile strike

Poland accepts Germany’s Patriot offer after fatal missile strike

WARSAW, Poland — Poland’s Defence Minister Mariusz Błaszczak has announced that, in the aftermath of last week’s fatal missile strike on Polish soil, he has “received with satisfaction” the offer of his German counterpart, Christine Lambrecht, who said Germany could deploy some of its Patriot launchers to protect its neighbor’s skies.

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Serbia may become biggest operator of military drones in Balkans

Serbia may become biggest operator of military drones in Balkans

MILAN, Italy — Amid rising tensions with Kosovo, and Serbian President Aleksandar Vučić's recent order to shoot down all UAVs found in no-fly zones and near military facilities, Iranian officials suggested that Serbia made a formal bid to purchase that country’s drones.

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US approves arms sales to Switzerland, Lithuania and Belgium

US approves arms sales to Switzerland, Lithuania and Belgium

Correction: A previous version of this story misstated the manufacture of the PAC-3 Missile Segment Enhancement missile. Lockheed Martin makes the weapon.

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Finland refutes nuclear weapons ‘siting’ and reinforces border

Finland refutes nuclear weapons ‘siting’ and reinforces border

HELSINKI — Finland has refuted any possibility that the currently unaligned Nordic state will consider hosting nuclear weapons on its territory once a member nation of NATO.

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F-35 costs have been declining. That’s about to change.

F-35 costs have been declining. That’s about to change.

Correction: A previous version of this story misinterpreted a BAE Systems statement.

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US military in decline, threats from China ‘formidable,’ report says

US military in decline, threats from China ‘formidable,’ report says

WASHINGTON — U.S. military power was weaker this year than the year prior, according to a new report by the Heritage Foundation, a conservative think tank that each year analyzes the strength of the armed forces and the threats to America.

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Industry cluster forms around European patrol corvette program

Industry cluster forms around European patrol corvette program

ROME — Shipbuilders from France, Italy and Spain have announced the creation of a consortium to ramp up design work on a new European corvette and coordinate cooperation on the program with dozens of firms around the continent.

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Lithuania boosts defense budget to buy HIMARS, trucks, drones

Lithuania boosts defense budget to buy HIMARS, trucks, drones

WARSAW, Poland — The Lithuanian government has decided to allocate additional funds for the country’s Defence Ministry this year, paving the way for the purchase of High Mobility Artillery Rocket Systems, or HIMARS, Oshkosh joint light tactical vehicles (JLTVs) and Switchblade drones from the United States.

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French 2023 defense budget adds $3 billion to fund ‘war economy’

French 2023 defense budget adds $3 billion to fund ‘war economy’

STUTTGART, Germany — Propelled by an edict to make deep investments in its defense industrial base, France’s Ministry of Defense has unveiled a 2023 budget worth billions more than the previous year to launch a new “war economy.”

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Sweden and Denmark say Nord Stream pipeline blasts were deliberate attacks

Sweden and Denmark say Nord Stream pipeline blasts were deliberate attacks

Sweden and Denmark on Tuesday said blasts on two Russia-to-Germany Nord Stream gas pipelines under the Baltic Sea were acts of sabotage, although neither country was ready to identify the culprit.

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Soldiers manning HIMARS head to Latvia for exercises

Soldiers manning HIMARS head to Latvia for exercises

The Army is dispatching two High Mobility Artillery Rocket Systems to Latvia for the country’s national combat readiness exercises, according to a statement from U.S. Army Europe and Africa.

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Use us for combat zone tests, Ukraine minister tells US war industry

Use us for combat zone tests, Ukraine minister tells US war industry

AUSTIN, Texas — Mobility tactics, advanced technology and a workshop mentality for fixing battlefield problems all point to Ukrainian success fighting the Russian invasion.

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Kyiv officials lay out vision for security, digital future at DC event

Kyiv officials lay out vision for security, digital future at DC event

WASHINGTON — As Ukrainian forces battle back a stalling Russian invasion, government officials hailing from Kyiv told a conference in Washington, D.C., that they are eyeing a future defined by digital innovation, defense know-how and high-tech investments.

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Ukraine arms maker finds export interest in ‘combat-proven’ missiles

Ukraine arms maker finds export interest in ‘combat-proven’ missiles

KIELCE, Poland — Ukraine’s defense industry is observing a spike in demand from foreign customers interested in securing weapons proven in combat against Russia’s invasion, according to representatives of leading Ukrainian defense group Ukroboronprom.

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Poland buys more howitzers as local defense exhibit kicks off

Poland buys more howitzers as local defense exhibit kicks off

KIELCE, Poland — Poland’s Ministry of National Defence has awarded a contract worth more than 3.8 billion zloty ($800 million) to buy 48 Krab 155mm self-propelled howitzers and related gear from local company Huta Stalowa Wola, a subsidiary of the country’s defense giant PGZ.

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