Rudy Ruitenberg is a Europe correspondent for Defense News. He started his career at Bloomberg News and has experience reporting on technology, commodity markets and politics.
MBDA, Europe’s largest missile maker, appointed Airbus Defence and Space executive Jean-Brice Dumont as its new chief executive officer effective Nov. 1.
Bliksem EXO is meant to defeat ballistic threats including Russia’s intermediate-range Oreshnik missile with separating and maneuvering re-entry vehicles.
Ukraine has agreed on a plan to acquire 16 Rafale fighter jets from France together with the accompanying weapon systems, along with air-defense equipment.
Defense technology has been one of the fastest-growing areas of venture capital funding on the back of rising military budgets, and in Europe especially.
“KNDS and its shareholders will continue to monitor the capital markets conditions closely and stand ready to resume the IPO process," the company said.