Eutelsat’s stock has skyrocketed over 500% this week, adding more than $3 billion in market capitalization due to heightened expectations for EU defense initiatives. The surge was influenced by geopolitical tensions following a disagreement between Ukrainian President Zelenskyy and former President Trump regarding military aid, alongside the EU’s proposal to invest €800 billion ($861 billion) in defense programs. A spokesperson for Eutelsat stated that the company is “actively collaborating with European institutions” to enhance satellite communication capabilities, particularly in light of uncertainties surrounding Starlink’s support for Ukraine.
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Space firms plot new European satellite venture to take on Starlink
- Veiko Lukmann
- 03/12/2024
- 0
Airbus, Thales, and Leonardo are exploring the creation of a joint space company, “Project Bromo,” to rival Elon Musk’s Starlink. The proposed entity would be a standalone European satellite firm modeled after MBDA, a missile maker jointly owned by Airbus, Leonardo, and BAE Systems. Leonardo CEO Roberto Cingolani confirmed the structure would follow the MBDA model, aiming to strengthen Europe’s satellite capabilities. Sources indicated the merger is independent of Airbus’s planned job cuts and could take years to finalize. This initiative highlights Europe’s strategic push for autonomy in the satellite and space industries. Original news
India gets an observer seat in the Eurodrone program
- Veiko Lukmann
- 22/01/2025
- 0
India has gained observer status in the Eurodrone program, a collaborative effort involving Italy, France, Germany, and Spain under OCCAR’s management. The program focuses on developing a Medium Altitude Long Endurance (MALE) drone for ISTAR (Intelligence, Surveillance, Target Acquisition, and Reconnaissance) missions. Key contributors include Airbus, Dassault Aviation, and Leonardo, with components like the mission computer and radar reviewed during an October visit to Leonardo’s facilities in Italy. The Eurodrone, led by Airbus, will feature a 2.3-ton payload, 40-hour autonomy, and the ability to operate in non-segregated airspace. This marks a significant step for India in advancing its collaboration with […]
France to Boost Defense Spending, Expedite Rafale Orders, and Upgrade Nuclear Capabilities
- Veiko Lukmann
- 19/03/2025
- 0
President Emmanuel Macron announced plans to accelerate Rafale warplane orders and invest €1.5 billion in air base upgrades to support advanced nuclear missile technology. France aims to increase defense spending to 3-3.5% of GDP, up from the current 2%, reinforcing its strategic autonomy. The investment will fund the deployment of the Rafale S5 fighter jets, equipped with ASN4G hypersonic nuclear-armed cruise missiles, set to enter service by 2035. Macron’s initiative is part of a broader effort to enhance France’s military readiness and reduce dependence on U.S. security guarantees. As geopolitical tensions rise, France positions itself as a key independent defense […]