Sweden’s defence and aviation company Saab has secured a 1.7 billion crown (approximately $159 million) contract from Germany to modernise and maintain the Taurus KEPD 350 cruise missiles for a ten-year period extending to 2035.
The contract, awarded by Taurus Systems—a joint venture between Saab and German missile systems firm MBDA Germany—calls for significant system upgrades and modernisation of the German Air Force’s TAURUS missiles, as well as comprehensive life cycle maintenance over the decade-long term.
Cruise missiles, which are noted for their low-altitude flight paths that help them evade detection by air defence radars, form a crucial component of Germany’s defence capabilities. The upgrade and maintenance programme is expected to ensure the operational readiness and technological relevance of the missile fleet well into the future.
Following the announcement, Saab’s shares experienced a notable surge, rising 10.8% in midday trading on the Stockholm stock exchange, after an earlier jump of up to 14% had pushed the stock to a record high. The strong market reaction comes as other European defence stocks also advanced amid growing expectations of increased military spending in the region following a recent summit of EU leaders.
The award underscores the continuing collaboration between Swedish and German defence industries and highlights ongoing investments in modernising military hardware to meet emerging security challenges.
In a disturbing incident on Monday, a vehicle reportedly drove into a crowd of pedestrians in Mannheim, leaving several injured and potentially claiming at least one life, according to eyewitnesses and local media reports.
At least two people were injured when several shots were fired near the state courthouse in Bielefeld in western Germany on Wednesday afternoon, police reported.
Airport workers' strikes in Greece and Germany on February 27 and February 28 push airlines to cancel and modify thousands of flights. Türkiye’s flag carrier, Turkish Airlines, has announced that some flights to be cancelled due to massive strikes.
Germany’s likely next chancellor, Friedrich Merz, has ruled out a swift reform of the country’s debt brake and expressed caution over the possibility of securing parliamentary approval for a large-scale military spending boost.
This Ramadan, a long-awaited reunion took place as a former prisoner broke his fast for the first time in over two decades, surrounded by family. The emotional gathering marked a significant moment, as he and his loved ones came together once again.
TSMC to invest $100 Billion in U.S. chip manufacturing, President Trump announces from The White House
Britain’s Information Commissioner’s Office has launched an investigation into how TikTok, Reddit, and Imgur handle and safeguard the personal data of child users. The inquiry comes amid growing concerns over the potential exposure of harmful content to young audiences on social media platform.
The accident happened on Avinguda Diagonal, one of Barcelona’s widest and most significant avenues, not far from the centre of the city.
A centuries old tradition of cheese-throwing has brought excitement to the town of Novara di Sicilia as its residents both young and old trooped out en masse to participate in the game.
Norway’s government has affirmed that it will continue to supply fuel for U.S. Navy vessels, dismissing recent calls from a private marine fuel supplier to halt deliveries amid tensions linked to U.S.-Ukrainian relations.
Mountain View, CA, February 24, 2025 – In a move to bolster account security and curb global SMS abuse, Google is set to phase out its SMS-based two-factor authentication (2FA) option for Gmail users, according to a report by Forbes.
Watch AnewZ Live Coverage of the Trump-Zelenskyy meeting at the Oval Office at https://anewz.tv/tv-live
Ukrainian President Volodymyr Zelenskyy reaffirmed his respect for the United States and its people in an interview with Fox News, following a tense meeting with U.S. President Donald Trump at the White House.
This Ramadan, a long-awaited reunion took place as a former prisoner broke his fast for the first time in over two decades, surrounded by family. The emotional gathering marked a significant moment, as he and his loved ones came together once again.
TSMC to invest $100 Billion in U.S. chip manufacturing, President Trump announces from The White House
Britain’s Information Commissioner’s Office has launched an investigation into how TikTok, Reddit, and Imgur handle and safeguard the personal data of child users. The inquiry comes amid growing concerns over the potential exposure of harmful content to young audiences on social media platform.
The accident happened on Avinguda Diagonal, one of Barcelona’s widest and most significant avenues, not far from the centre of the city.
This Ramadan, a long-awaited reunion took place as a former prisoner broke his fast for the first time in over two decades, surrounded by family. The emotional gathering marked a significant moment, as he and his loved ones came together once again.
TSMC to invest $100 Billion in U.S. chip manufacturing, President Trump announces from The White House
Britain’s Information Commissioner’s Office has launched an investigation into how TikTok, Reddit, and Imgur handle and safeguard the personal data of child users. The inquiry comes amid growing concerns over the potential exposure of harmful content to young audiences on social media platform.
The accident happened on Avinguda Diagonal, one of Barcelona’s widest and most significant avenues, not far from the centre of the city.
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