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defense industry

Index – Economy – 1.5 trillion markets for 2035, time to invest

by Priya Shah – Business Editor October 14, 2025

written by Priya Shah – Business Editor

Europe Eyes €1.5 Trillion Space Market⁢ by 2035,Calls ⁢for ‌Increased Investment

Brussels,Belgium – October 14,2025 – A burgeoning space ⁤economy poised to reach €1.5 trillion by 2035 demands ‍immediate ⁢and sustained investment to secure Europe’s competitive edge, according⁣ to industry leaders and ‍the European Union Space Program Agency (EUSPA). The call to action, amplified⁤ today by EUSPA managing Director Rodrigo da Costa, underscores the⁢ critical⁢ need for a more ⁢resilient and ‍autonomous‍ European presence ‍in the rapidly‌ expanding space sector.

This projected growth represents a significant prospect for‌ European businesses and job‌ creation, but realizing ‌it hinges on overcoming current challenges in funding, technological development, and strategic autonomy. The expansion isn’t limited to conventional space activities; it encompasses a vast ecosystem including satellite-based services, data analytics,⁤ and downstream applications‍ impacting ‍sectors from agriculture and transportation to security ⁢and environmental monitoring. Failure⁤ to invest decisively risks ceding market ⁤share to competitors in the United States and asia, potentially⁤ undermining Europe’s technological sovereignty.

Da Costa, in a video message delivered today, emphasized the ‍importance of fostering ⁣a “safer, more competitive and resistant European space age.” The EUSPA is actively⁤ working ‍to unlock‍ the ‌full potential of ⁤the European space program, including Galileo and Copernicus, by supporting innovative businesses and facilitating ⁤access to funding.

The €1.5 trillion market forecast builds upon⁤ existing growth within the sector. according to recent analyses,the space economy already contributes significantly to European GDP⁢ and employs hundreds of thousands ⁤of skilled workers. Though,maintaining this momentum requires addressing key bottlenecks,including attracting private investment,streamlining regulations,and fostering ‍collaboration between public and private entities. The European ⁤Commission ‍is currently reviewing its space strategy to‌ identify ‍further opportunities ‍for investment and policy reform.

October 14, 2025 0 comments

Business

Baykar Acquires Piaggio Aerospace: A New Era for Aviation

by Priya Shah – Business Editor July 26, 2025

written by Priya Shah – Business Editor

Test pilot Lorenzo Villi, who flies warplanes for the armed forces, expressed his excitement upon learning of baykar’s decision to acquire Piaggio.

“It will create an innovative synergy”

Villi highlighted the acquisition as a significant turning point for both the company adn himself. “I was very excited when I heard Baykar bought Piaggio because this is a very active, technological, and modern industrial company,” he stated. “I am anticipating manny new developments in the future.”

He believes that the combination of piaggio’s over 140-year legacy with a dynamic company like Baykar will “create an innovative synergy.”

Villi views Piaggio as a visionary industrial company and expressed optimism for the future. “We were purchased by an industrial company, not a fund. This gives me hope that long-term investments will be made. A long-term approach is crucial in this sector,” he commented.

Baykar Acquires Piaggio Aerospace: A New Era for Aviation

“The P.180 Avanti offers more then meets the eye”

Villi also drew attention to the technical capabilities of the P.180 Avanti,emphasizing that the aircraft delivers capabilities exceeding expectations.He elaborated, “This aircraft may appear to be a standard business jet, but it is, in fact, the world’s fastest turboprop aircraft. It offers jet-like speeds, a substantially quieter and more spacious cabin, and consumes considerably less fuel than its competitors, making it an environmentally amiable option. The aircraft’s design prioritizes maximum performance and fuel efficiency. Its wings are positioned behind the passenger cabin, and while the specifics are complex, I can confirm that the design is effective.”

“This merger could lead to significant advancements”

Villi underscored that the Baykar-Piaggio merger has the potential to drive ample progress in both production capacity and flight technologies.”The combination of Baykar’s expertise in unmanned systems, artificial intelligence, and advanced engineering with Piaggio’s deep-rooted aviation heritage is something that both italy and Turkey, as well as the European Defense Ecosystem, should closely observe,” he concluded.

July 26, 2025 0 comments

News

Türkiye’s Kaan Fighter Jet: Landmark Export Deal with Indonesia

by Emma Walker – News Editor July 26, 2025

written by Emma Walker – News Editor

Turkey’s KAAN Fighter Jet Secures Landmark Export Deal with Indonesia

Ankara,Turkey – In a monumental achievement for its defense industry,Turkey has signed its first export agreement for the domestically developed National Combat Aircraft,codenamed KAAN. The historic deal, valued at the sale of 48 KAAN fighter jets to Indonesia, marks the largest defense export in the Republic of Turkey’s history.

Deliveries are slated to commence within the next 120 months, signifying a decade-long commitment to equipping Indonesia’s air force with advanced fifth-generation fighter capabilities. This important export is expected to inject significant momentum into Turkey’s defense industry ecosystem and provide considerable economic benefits to the nation.

Haluk Görgün, President of the Defense Industry, expressed his satisfaction with the agreement, calling it “one of the most significant steps of a long-term cooperation.” he highlighted the dedication to surpassing existing global standards, stating, “We are trying to do better than the existing in the world. A 5th generation plane was signed with our Indonesian brothers.”

Görgün further emphasized the importance of collaborative efforts with friendly and allied nations for global peace. “The widespread use of products that will motivate us is what we pay attention to,” he remarked. “We have reached 83 percent in indigenization. These require grate effort. We are happy to achieve the goals given to us.”

The collaboration with Indonesia extends beyond the KAAN fighter jet, with Görgün noting, “We are working in many areas with Indonesia. Ammunition and infrastructure projects contain past records.”

The groundbreaking proclamation was made by Turkish president Recep Tayyip Erdoğan via his social media account. The agreement was finalized at the Indo Defense 2025 exhibition held in indonesia, solidifying the nation’s prowess in designing, developing, and producing advanced combat aircraft through its own resources.

July 26, 2025 0 comments

World

Türkiye to Purchase Eurofighter Typhoons: Deal Expected at Defense Industry Fair

by Lucas Fernandez – World Editor July 21, 2025

written by Lucas Fernandez – World Editor

UK and Türkiye Hold Productive Defense Talks, Eurofighter Typhoon Capabilities highlighted

Initial discussions between teh United Kingdom and Türkiye regarding defense cooperation have concluded with a positive assessment from both sides. Sources indicate that critically important progress was made during the meetings, with both delegations expressing satisfaction with the outcomes. The two nations are reportedly planning a second round of negotiations to further explore potential collaborations.

Türkiye to Purchase Eurofighter Typhoons: Deal Expected at Defense Industry Fair

President Erdoğan expresses Desire for Swift Acquisition

Following his visit to the Turkish Republic of Northern Cyprus (TRNC), President Recep tayyip Erdoğan commented on the ongoing defense discussions. He stated, “I saw what they were looking at and I hope we will take thes steps,” suggesting an eagerness to move forward with potential defense procurements.

WSJ: Türkiye's Eurofighter sale in Idef can be explained

Eurofighter Typhoon: A Multi-Role Combat Aircraft

The Eurofighter Typhoon,a product of a consortium involving Europe’s leading defense companies-Airbus Defence and Space,BAE Systems,and Leonardo-is a twin-engine,canard-delta wing,multirole fighter aircraft. It is indeed designed for air-to-air and air-to-ground combat missions.

Key specifications of the Eurofighter Typhoon include:

Crew: 1 (2-seat variant available)
length: 15.96 meters (52.4 ft)
wingspan: 10.95 meters (35.9 ft)
wing area: 51.2 square meters
Empty Weight: 11,000 kg (24,000 lb)
loaded Weight: 16,000 kg
maximum Take-off Weight: 23,500 kg (51,800 lb)
Engines: 2 x Eurojet EJ200 afterburning turbofans
Engine Power: 60 kN (13,500 lbf) each
Fuel Capacity: 5,000 kg (11,020 lb)
Maximum Speed: Mach 2.0 (2,390 km/h or 1,485 mph) at high altitude; Mach 1.25 (1,530 km/h or 950 mph) at sea level
Range: 2,900 km (1,800 miles)
service Ceiling: 19,812 meters (65,000 ft)
Rate of Climb: 315 m/s (62,000 ft/min)
Thrust-to-weight ratio: 1.15

Armament Capabilities:

Guns: 1 x 27mm

July 21, 2025 0 comments

News

Officer: Trump confirms 50% copper tariff and highlights that it is the “golden era” of the United States | Economy

by Chief editor of world-today-news.com July 10, 2025

written by Chief editor of world-today-news.com

Although first doubts about whether it would be effective, finally the president of the United States (USA), Donald Trump, He used his social truth account to “Announce a 50% tariff to copper, effective since August 1, 2025”.

According to Trump, this formalization came after a national security analysis, highlighting that the mineral is necessary for key systems of the US defense industry.

“Copper is necessary for semiconductors, airplanes, ships, ammunition, data centers, ion-lithium batteries, radar systems, defense missiles, and even hypersonic weapons, of which we are manufacturing several ”, Trump said.

Trump confirms 50% tariffs to copper since August 1

In addition, he took the opportunity to launch new darts, highlighting that the red metal, the main export product of Chile, is the Second most used material in the US Department of Defense.

“Why our fools (and slow!)” Leaders “decim this important industry?” Thus, Trump states that with this tariff they will counteract the “stupidity” of the Biden administration and that a “dominant” local copper industry will be built.

“This is, after all, our golden age!”he concluded in His social truth profile.

Within the battery of tariffs announced so far in its second term, the national industry was attentive to the announcement of a possible copper tariff.

Chile is the main producer of this mineral globally. According to data from Banco Central, During 2024 US $ 14,1256 million in copper minerals and their concentrates were exported, along with US $ 6,556 million in refined copper.

To the US, refined copper exports reached US $ 3,391 million.

In this sense, The president of Codelco, Máximo Pacheco, Upon learning of the confirmation of the tariff, he told CNN Chile live In the US “they know that if they want to produce more copper, You have to wait for at least 10 years, so that they can open new deposits and develop new primary copper ”.

“I think there,” Trump- is talking a lot about semi -manufactured copper, “Pacheco said.

However, then the president of the state cuprifer “Because I don’t understand it well.”

Pacheco points out that, on the one hand, the detail of what copper products will be under the tariff, or how the market will react to the ad

For several months, companies and investors in the US have been provided with copper inventories in view of the tariff, which in general has led to an appreciation of its price. At the time of the ad, the Copper futures for delivery in September grow 1.30% to US $ 5.61 a pound.

July 10, 2025 0 comments