Security

UAE buys patrol vessels from Edge Group, Fincantieri joint venture

ROME — The United Arab Emirates’ coast guard has signed a €400 million (U.S. $435 million) deal to acquire 10 offshore patrol vessels from both a domestic defense conglomerate and an Italian shipbuilder, the companies announced Monday. The deal follows the creation of...

Italy buys patrol vessels from Edge Group, Fincantieri joint venture

ROME — The United Arab Emirates’ coast guard has signed a €400 million (U.S. $435 million) deal to acquire 10 offshore patrol vessels from both a domestic defense conglomerate and an Italian shipbuilder, the companies announced Monday. The deal follows the creation of...

Nordic governments explore joint loans to fund defense buildup

HELSINKI — Nordic governments are exploring the feasibility of an ambitious proposal to permit the Helsinki-based Nordic Investment Bank (NIB) to provide competitively priced loans to defense companies in the private and state-ownership domain. Founded by the five...

Czech ammunition buy for Ukraine nears first delivery, faces headwinds

BRATISLAVA, Slovakia — Three months after kickstarting a bulk ammunition purchase for Ukraine, Czech officials share divergent assessments of how it’s going. “The Czech-led initiative to fund and procure urgently artillery ammo for Ukraine is progressing steadily –...