Defense firms flock to Hungary amid EU isolation

MILAN — The Hungarian government and its state-owned holding N7 have signed three joint ventures in December alone, part of a large-scale spending spree for new weapons and production plants. The deals, involving major foreign defense manufacturers, come amid a...

Italy taps local defense companies to work on next-gen warplane

ROME — Italy has signed a deal with its leading defense firms for the development of the Global Combat Air Programme (GCAP) aimed at producing a new sixth-generation fighter with the U.K. and Japan by 2035. The contract signed by the Italian ministry of defense with...