European defence contractor with two sectors and several divisions, headquartered in Düsseldorf
The Defence Investment Plan has been refreshed to prioritise frontline equipment, drones and autonomous tech. Dan Jarvis has secured additional funding, while resignations over funding highlighted political tensions. The plan aims to modernise the UK’s armed forces and deter evolving threats, with a focus on the High North and underwater infrastructure.
Lime has priced its IPO at $25 per share and sold 6.68 million shares, valuing the company around $1.66 billion. Trading has begun on Nasdaq under the ticker LIME, with the stock showing initial strength amid a volatile market for micro-mobility firms.
NATO leaders reaffirm an Article 5 commitment while European defence spending rises. Trump criticises allies over Iran war and defence budgets, threatening trade measures and debates over Greenland. Ukraine receives new aid and weapons deals are announced, but unity appears fragile as divisions persist.
NATO allies have announced more than $50 billion in new procurements and cross-border production deals, signaling a rapid buildup in military hardware and cooperation. The moves include drones, airborne warning aircraft, and a transatlantic push to expand European manufacturing capacity. Analysts say the money is real and the pace will accelerate, with continued questions about political turnout and legitimacy.
China has restricted exports of dual-use items to 14 European organizations and barred foreign firms from supplying them with such items, in a response to EU sanctions on Russia. The measures cover firms spanning Czech, Italian, German and French industries, and come as Brussels expands penalties against Moscow.
Rheinmetall has revised its revenue guidance for 2026 to as low as €13.7 billion, down from €14.0 billion, while maintaining its operating margin. The company reports a 39% rise in first-half sales and a 74% jump in profits, with new naval division contributing to growth; investors weigh valuations amid strong orders and potential shifts in government spending.
German security authorities have found a stash of handguns near Berlin believed to be for assassinations on orders from Russian intelligence. A Romanian-based suspect is in custody as prosecutors investigate plans for violent attacks and potential foreign-state involvement. Authorities warn of heightened threat levels amid ongoing probes.
Volkswagen has agreed to sell its Osnabrück factory to Aurelius Capital and the state of Lower Saxony and has announced an initial partnership with Rafael Advanced Defence Systems to produce air‑defence components from mid‑2027. The deal will secure at least 1,200 jobs and forms part of VW's broader Future Plan 2030 restructuring and 100,000 job reductions.
The Department of Justice has charged five men linked to Russian intelligence with conspiring to finance terrorism and, in some cases, murder for hire. They allegedly recruited people in the United States and abroad to surveil and kill a prominent Russian dissident and to target others aligned with Ukraine. All five remain at large.