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...They are also increasingly penetrating markets for industrial automation, medical devices and electric vehicles....
...The chief of Germany’s largest military contractor Rheinmetall has urged European countries to ditch their preference for national champions and build bigger, more specialised defence groups to compete with...
...He likened it to the situation with Ajax, the Army’s long-delayed £5.5bn armoured vehicle programme, for which General Dynamics is also the main contractor....
...Other industrial co-operations have worked....
...German defence contractor Renk has revived plans to list in Frankfurt with the Franco-German military consortium KNDS stepping in as an investor, just four months after a last-minute cancellation of its...
...Some hiring companies had been better at getting a grip on the complicated rules and at developing systems to fairly assess contractors, Maley said, but others had simply decided not to hire contractors...
...Rheinmetall expects both sales and profit margins to keep growing this year, as the German defence contractor declared itself a winner amid the “changing threat situation in Europe”....
...This includes $20bn to replenish US weapons stocks and $13.8bn to allow Kyiv to re-arm through the purchase of weapons and munitions from the US defence industrial base....
...The deal will greatly expand Home Depot’s reach among contractors and builders....
...Commercial construction activity declined in February, with contractors citing client hesitancy and constrained budgets....
Pedal to the metal, balls to the wall, margins to the floor
Deal with Group 1 Automotive is the latest in consolidation wave hitting car retail sector
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About 14,000 jobs set to go as brutal price war and EV slowdown hit US automaker
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...But defence contractors have struggled to scale up output because of supply chain constraints of various inputs, including nitrocellulose, also known as “guncotton”....
...Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members....
...The world’s defence contractors have been big beneficiaries of rising tensions around the globe which have spurred orders from governments....
...executives and Japan’s allies had been hopeful that the trilateral fighter jet programme would provide an opportunity for a broader relaxation of Tokyo’s weapons exports curbs and give Japanese defence contractors...
...The contractor embarked on its own turnround in late 2020. It began making progress about a year ago, as Lex noted....
...He found the UK model resulted in work being pushed further down the supply chain to contractors, subcontractors and sub-sub-contractors, some of which were on low margins....
...The conglomerate’s defence and aerospace unit employs about 2,000 people, including contractors....
...Tensions have also brewed between contractors over intellectual property....
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