DIRS.INFO The most relevant business & tech news

☆ Ukraine is getting a new US-made guided bomb meant to hit targets 90 miles away and overcome Russian jamming: report
▼ + stars: | 2024-01-31 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The sources, who agreed to speak on condition of anonymity, told the outlet that the Pentagon had successfully tested a new high-precision long-range ground-launched small-diameter bomb, also known as GLSDBs. AdvertisementOne US official said the bomb can hit targets as far as 90 miles away and gives Ukraine a "deeper strike capability," which "complements their long-range fire arsenal," per the outlet. A ground-launched small-diameter bomb tested in Norway in an undated photo shared by Saab AB. A ground-launched small-diameter bomb tested in Norway in an undated photo shared by Saab AB.

Persons: —, Svein Daae, Patrick Ryder, We'll Organizations: Service, Politico, Pentagon, Business, Saab Group, Boeing, Saab AB, Saab Locations: Ukraine, Norway

☆ Ukraine's new long-range rocket delivery from US pushed to next year
▼ + stars: | 2023-11-30 | by ( Mike Stone | ) www.reuters.com time to read: +2 min

It was reported by Politico in February that delivery wouldn't take place until later in 2023. Ukraine needs GLSDB to augment the limited number of 100-mile range ATACMS rockets the U.S. has sent. Because the contract to begin production of GLSDB was signed in March, according to a Pentagon statement to Reuters, delivery was forced towards year-end. The decision to send the long-range rocket, something the U.S. government hasn't purchased for itself, followed a proposal last summer from Boeing Co (BA.N) to U.S. commanders in Europe managing weapons for Ukraine. GLSDB is made jointly by Sweden's SAAB AB (SAABb.ST) and Boeing Co (BA.N).

Persons: GLSDB, hasn't, Mike Stone, Chizu Organizations: Pentagon, Boeing, Reuters, Politico, Mobility Artillery, Boeing Co, U.S, Sweden's SAAB, Thomson Locations: Ukraine, U.S, Russia, Europe, Washington

SummarySummary Companies STOXX 600 off 0.1%Defence firms fall after failed Russian mutinyHealthcare sector drags STOXX 600German business morale weakens againJune 26 (Reuters) - European shares inched lower on Monday, led by healthcare, while defence stocks fell after an aborted weekend mutiny in Russia. The pan-European STOXX 600 index (.STOXX) slipped 0.1% as of 1600 GMT, extending losses for its sixth straight session. Shares of major European defence firms Leonardo SpA (LDOF.MI), Saab AB (SAABb.ST) and Rheinmetall AG (RHMG.DE) each dropped more than 4%, weighing on the European aerospace and defence sub-index (.SXPARO) which fell 0.9%. "It's too early to price something into the market, that's why the really limited move on defence stocks." The healthcare index (.SXDP) fell 1.1% and was a big drag on the STOXX 600 index, which has come under pressure on concerns about an economic slowdown from a potentially longer-than-expected global interest rate hiking cycle.

Persons: Vladimir Putin, Leonardo, Shanti Kelemen, It's, Germany's DAX, Aston Martin, Amruta Khandekar, Varun H, Dhanya Ann Thoppil, Richard Chang Organizations: Wagner Group, Leonardo SpA, Saab AB, Rheinmetall AG, G Wealth, Energy, Siemens Energy, Lucid, Cineworld, SBB, Thomson Locations: Russia, Ukraine, Europe's, British, Swedish

☆ Ukraine War, Global Tensions Lift European Arms Makers’ Orders, Share Prices
▼ + stars: | 2023-02-23 | by ( Alistair Macdonald | ) www.wsj.com time to read: 1 min

LONDON—Europe’s defense contractors are boosting orders and enjoying surging stock market valuations, lifted by higher government spending and the expectation of more sales to come as the Ukraine war grinds on. BAE Systems PLC, Europe’s largest defense contractor, was the latest in a parade of big arms makers to post a large jump in annual orders for 2022. It joined peers such as Sweden’s Saab AB and Norway’s Kongsberg Gruppen ASA in benefiting from generally higher military spending around the world—particularly from some European countries—amid the Ukraine war.

[1/4] An Indian Air Force (IAF) light combat aircraft "Tejas" flies during the "Aero India 2021" air show at Yelahanka air base in Bengaluru, India, February 3, 2021. Indian carriers may buy 1,500 to 1,700 aircraft in coming years, CAPA said, including Air India and IndiGo. MILITARY, COMMERCIAL COMPETITION"The days of foreign companies selling directly to India are over," a defence industry source told Reuters. At the same time, airlines like Air India are seeking to go head-on with rivals like Emirates Airline (EMIRA.UL) for a bigger share of international passenger flow. India's pressing military air need is to shore up its fighter squadrons, which have fallen to 31 from the approved 42 as political and bureaucratic hurdles and lack of funds delay purchases.

☆ Longer-range rockets included in $2 bln U.S. pledge for Ukraine
▼ + stars: | 2023-02-03 | by ( Mike Stone | ) www.reuters.com time to read: +3 min

USAI stands for Ukraine Security Assistance Initiative (USAI). Friday's aid pledge opens the door to many more deliveries of the Ground Launched Small Diameter Bombs (GLSDB). When the new rockets arrive, it will mark the first time Ukraine has seen its rocket range grow exponentially since U.S. furnished HIMARS in late-June 2022. HIMARS have a 77 km (48 mile) range and were instrumental in Ukraine's counter offensive against Russian forces, which invaded on Feb. 24, 2022. Reuters was first to report on a Boeing Co (BA.N) proposal to field GLSDB for Ukraine in November.

"This could slow down [a Russian assault] significantly," said Andriy Zagorodnyuk, Ukraine's former defence minister. This was a major boost for the Ukrainian military, allowing it to destroy Russian ammunition dumps and weapons storage facilities. "We are currently unable to reach Russian military facilities more than 80 kilometres away," said Ukrainian military analyst Oleksandr Musiyenko. Beyond the logistical impact, the addition of a longer-range weapon to Ukraine's arsenal could help shake Russian confidence. Still, said Karako, it is possible the Ukrainians could end up receiving an even longer range weapon in the future.

☆ Factbox: U.S. rocket-powered bomb would double Ukraine's strike range
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

Feb 1 (Reuters) - The United States is expected to send a new weapon to Ukraine, the Ground Launched Small Diameter Bomb (GLSDB), doubling Kyiv's current strike range. Below are some details about the weapon:* Ukraine's longest-range weapon currently is the Guided Multiple Launch Rocket System (GMLRS). Its rockets can travel 48 miles (77 kilometers) while the GLSDB's range is 94 miles (151 km). Greater range would allow the Ukrainian military to attack Russian forces from a greater distance or potentially penetrate more deeply into Russian-held territory. * The rocket-powered GLSDB combines the GBU-39 small-diameter bomb, typically dropped from planes, with the M26 rocket motor, both of which are common in U.S. military inventories.

☆ U.S. readies $2 billion-plus Ukraine aid package with longer-range weapons -sources
▼ + stars: | 2023-01-31 | by ( Mike Stone | ) www.reuters.com time to read: +3 min

The aid is expected to be announced as soon as this week, the officials said. It is also expected to include support equipment for Patriot air defense systems, precision-guided munitions and Javelin anti-tank weapons, they added. At the time it was expected GLSDB could be in Ukraine by spring. That aid was expected to include mine-resistant ambush-protected vehicles (MRAPs), guided multiple launch rocket systems (GMLRS) and ammunition. The U.S. has sent approximately $27.2 billion worth of security assistance to Ukraine since Russia's February 2022 invasion.

☆ Analysis: Lula confronts Brazil military's pro-Bolsonaro lean with carrot and stick
▼ + stars: | 2023-01-23 | by ( Anthony Boadle | ) www.reuters.com time to read: +6 min

But at a Friday meeting the commanders of the armed forces, Lula did not bring up the attack, according to a government official who witnessed the meeting. The armed forces' strategic plans to modernize its equipment included developing a nuclear-powered submarine contracted with France's Naval Group, a subsidiary of defense contractor Thales (TCFP.PA). GENIE OUT OF THE BOTTLEWhether a splurge on military hardware will help tamp down pro-Bolsonaro sentiment in the armed forces is open to question. "Lula wants this to go away as soon as possible," he added. "Starting to punish members of the armed forces for what happened may be legally the right thing to do but politically it would open a Pandora's box."

☆ Colombia's plan to replace fighter planes hits a snag
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +2 min

BOGOTA, Jan 2 (Reuters) - Initial negotiations between Colombia, France's Dassault Aviation (AM.PA) and Sweden's Saab AB (SAABb.ST) to replace part of the South American country's aging air force fleet have collapsed, the defense minister said on Monday. Colombia, which uses about 20 Israeli-made Kfir aircraft purchased three decades ago, has said replacing the planes is a priority so it can continue to defend its territory, fight organized crime and conduct aerial surveillance. There will be continued efforts this year to see if a purchase is possible, Velasquez said. There have been efforts by various Colombian administrations to replace the Kfir planes for at least 12 years, though the change has been stymied by financial limitations. (This story has been refiled to say Swedish instead of Swiss in reference to Saab in paragraph 3)Reporting by Luis Jaime Acosta in Caracas Writing by Julia Symmes Cobb Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Exclusive: U.S. weighs sending 100-mile strike weapon to Ukraine
▼ + stars: | 2022-11-28 | by ( Mike Stone | ) www.reuters.com time to read: +6 min

U.S. and allied military inventories are shrinking, and Ukraine faces an increasing need for more sophisticated weapons as the war drags on. GLSDB could be delivered as early as spring 2023, according to a document reviewed by Reuters and three people familiar with the plan. It combines the GBU-39 Small Diameter Bomb (SDB) with the M26 rocket motor, both of which are common in U.S. inventories. The invasion of Ukraine drove up demand for American-made weapons and ammunition, while U.S. allies in Eastern Europe are "putting a lot of orders," in for a range of arms as they supply Ukraine, Bush added. Any arrangement would also require at least six suppliers to expedite shipments of their parts and services to produce the weapon quickly.

☆ Ukraine War Spurs Arms Makers to Boost Production
▼ + stars: | 2022-11-24 | by ( Benjamin Katz | Doug Cameron | ) www.wsj.com time to read: 1 min

Rheinmetall, one of Europe’s biggest weapons and munitions makers, displayed its wares at an exhibition in Paris earlier this year. The world’s biggest arms makers are scaling up production of rocket launchers, tanks and ammunition as the industry shifts to meet what executives expect to be sustained demand triggered by the war in Ukraine. The ramp-up is playing out in large measure in Europe, where a handful of long-established arms makers have grown accustomed to more modest, peacetime demand for their wares and are now trying to increase capacity to meet an expected crush of orders. Shares of many of these lesser-known international arms players, including Germany’s Rheinmetall AG and Sweden’s Saab AB, have soared on hopes of big orders.

Search resuls for: "Saab AB"

13 mentions found