NATO Ally Scraps Purchase of US Black Hawk Helicopters
Poland has scrapped plans to buy more S-70i Black Hawk helicopters as Warsaw rethinks its strategy for fighting a battle-hardened Russia pouring massive investment into its military.
Poland has become a military powerhouse, leading the NATO alliance on defense spending.
The country, which is situated on NATO's eastern flank, has felt the reverberations of more than three years of war in Ukraine, repeatedly scrambling fighter jets in response to intensive Russian airstrikes on parts of western Ukraine. Warsaw has been one of Kyiv's most strident supporters.
NATO officials, particularly those from country's forming NATO's eastern edge, have increasingly warned Moscow could mount an attack against the alliance in the coming years, particularly if the U.S. succeeds in brokering a ceasefire in Ukraine.
The Polish military changed its "priorities" for its upcoming purchases after "intensive" analysis, said General Wiesław Kukuła, the Chief of the General Staff for the Polish armed forces.
"The aim of these changes is to better adapt to the challenges of the future battlefield," Kukuła told reporters on Friday.
Warsaw will prioritize training and combat helicopters, as well as multi-use helicopters able to land on ships, heavy transport helicopters for the country's land forces and search and rescue aircraft, Kukuła added.
Poland may look at buying other equipment, like drones or tanks, rather than the S-70i multirole helicopter, Grzegorz Polak, a spokesperson for the Polish Armament Agency, told Reuters.
The war in Ukraine has spurred on drone advancement at astonishing speeds, while both sides have still relied heavily on the use of tanks and armored vehicles.
Poland's previous government said in mid-2023 it was starting the process to buy more Black Hawk helicopters from PZL Mielec, a Polish branch of Lockheed Martin.
Secretary of State for Poland's Ministry of National Defense Paweł Bejda said reports that a contract for the Black Hawk helicopters had been "canceled" were false, but the country's Armament Agency had decided to "terminate the procurement process."
Kukuła pointed on Friday to the Polish purchase of 32 next-generation F-35 fighter jets and tens of advanced Apache helicopters that would soon "land on Polish soil" as part of preparations for the "future battlefield."
Paweł Bejda, Secretary of State for Poland's Ministry of National Defense, said during a press conference on Friday: "The geopolitical situation, the situation in the east—the war in Ukraine, what Russia is currently buying, equipping its army—and everything that our air forces are carrying out during tasks connected to the NATO system, is being analyzed."
Brigadier General Artur Kuptel, the head of Poland's Armaments Agency, told the media: "The priorities we have heard about today will give light for the coming days, for the coming months, in terms of the directions of activities in the area of helicopter aviation."
Poland ordered nearly 100 AH-64E advanced Apache helicopters from Boeing in mid-2024, which the aerospace giant said would "strengthen Poland's operational capability and interoperability with the U.S., NATO and allied nations."
Warsaw is expected to receive its first F-35 fifth-generation fighter jets from the U.S. next year.
Related Articles
Poland Election: Ukraine Skeptic Candidate Swings Surprise VictoryDonald Trump-Backed Candidate Wins Poland's Presidential ElectionMap Shows Countries in Europe Easiest for Americans to Get Dual CitizenshipNATO Scrambles Fighter Jets After Long-Range Russian Missile Strikes
2025 NEWSWEEK DIGITAL LLC.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
Wall Street on Edge: Inflation Spike, $58B Debt Test, and Trade Turmoil Collide
Wall Street is holding its breath as two market-moving forces line up: inflation and debt. Investors are watching closely as the U.S. and China restart trade talks in London, aiming to ease tensions and avoid another round of tariff escalations. Meanwhile, a $58 billion Treasury auction could test demand for U.S. debt at a time when long-end yields hover near 5%a level many thought would spark broader market reactions. BMO's Ian Lyngen calls this week's combo of May CPI and Treasury supply a tradable event, with core inflation expected to accelerate to 2.9% year-over-yearthe first uptick of the year. The S&P 500 (SPY) sits roughly 2% from its February peak, but volatility could return fast depending on how these numbers land. Warning! GuruFocus has detected 5 Warning Sign with META. Despite the rebound from April's tariff-driven slide, institutional investors have yet to jump back into equities in full force. Deutsche Bank notes that institutional positioning has been this low less than a quarter of the time since 2010. JPMorgan and Barclays, however, suggest the tide could be turning, with more big money managers set to ramp up equity exposure. That shift hasn't shown up yetBank of America's clients were net sellers last week, with institutions pulling out while hedge funds and retail buyers stepped in. Strategist Jill Carey Hall thinks the market may have already priced in much of the deglobalization risk, but not the potential upside from underappreciated tax policy tailwinds. On the corporate front, action is heating up. Tesla (NASDAQ:TSLA) isn't grabbing headlines today, but its peers are moving fast. Meta's (NASDAQ:META) CEO Mark Zuckerberg is going all-in on artificial general intelligence, quietly assembling a powerhouse team to build out the next big wave in AI. Boeing (NYSE:BA) just secured its biggest monthly order tally in over a yearmuch of it inked during President Trump's trip to the Middle East. Cisco (NASDAQ:CSCO) is rolling out new AI-powered upgrades across its networking portfolio to stay competitive in the enterprise race. Taiwan Semiconductor (NYSE:TSM) posted a 40% revenue surge in May as chipmakers rushed to build inventory ahead of potential trade roadblocks. Not everything was rosyMcDonald's (NYSE:MCD) was slapped with a rare sell rating from Redburn Atlantic, and Citigroup (NYSE:C) is preparing to book hundreds of millions more in loan loss provisions, signaling early cracks in consumer credit health. This article first appeared on GuruFocus.
Yahoo
28 minutes ago
- Yahoo
Bessent says US may 'roll the date forward' for some after 90-day tariff pause ends
(Reuters) -U.S. Treasury Secretary Scott Bessent on Wednesday said the Trump administration is prepared to "roll the date forward" with trading partners negotiating in good faith if the deadline marking the end of the 90-day pause on President Donald Trump's reciprocal tariffs is reached with no deal. "It is highly likely that those countries - or trading blocs as is the case with the EU - who are negotiating in good faith, we will roll the date forward to continue the good-faith negotiations," Bessent told the House Ways and Means Committee. "If someone is not negotiating, then we will not." Bessent's remarks, in response to a question from a Democratic lawmaker, marked the first time a Trump administration official has indicated some flexibility around the expiration date for the pause. That date - July 8 - is now just four weeks away, and so far the White House has struck only one preliminary deal with a major foreign trading partner affected by the pause, Britain. A deal struck on Tuesday in London with China to de-escalate that bilateral trade war is proceeding on a separate track and timeline. The White House did not immediately respond to a question about whether Trump shared Bessent's view. Trump announced the pause on April 9, a week after unveiling "Liberation Day" tariffs against nearly all U.S. trading partners that proved to be so unexpectedly large and sweeping that it sent global financial markets into near panic. The S&P 500 Index plunged more than 12% in four days for its heftiest run of losses since the onset of the COVID-19 pandemic in early 2020. Investors were so rattled they bailed out of safe-haven U.S. Treasury securities, sending bond yields rocketing higher. The dollar sank. Markets started their recovery on April 9 when Trump unexpectedly announced the pause. A further leg up in the recovery followed in early May when the Trump team reached a preliminary deal to dial back the triple-digit tariff rates it had imposed on goods from China. The events have given rise to what some on Wall Street have parodied as the "TACO" trade - an acronym for Trump Always Chickens Out. "The only time the market has reacted positively is when the administration is in retreat from key policy areas," Democratic Representative Don Beyer of Virginia told Bessent before pressing him on what should be expected at the end of the next deadline next month. "As I have said repeatedly there are 18 important trading partners. We are working toward deals with those," Bessent said before going on to signal a willingness to offer extensions to those negotiating in good faith. (Reporting By Dan Burns; Editing by Chris Reese and Daniel Wallis)
Yahoo
31 minutes ago
- Yahoo
These 4 parts of the stock market will outperform through the end of 2025, Wells Fargo says
Wells Fargo identifies four market sectors poised to outperform through the rest of 2025. Financials, aerospace, defense, energy, utilities, and technology are key focus areas. These sectors offer protection against tariff shocks and geopolitical uncertainties. Investing in the stock market in 2025 has been a wild ride, and there's more turbulence to come, according to Wells Fargo. But the firm has identified four corners of the market that are poised to outperform as the remainder of the year unfolds. In Wells Fargo's midyear outlook conference on Tuesday, chief investment officer Darell Cronk and other strategists shared their outlook for the rest of 2025. Wells Fargo has a 6,100 year-end price target for the S&P 500. With the index closing Tuesday at 6,038, just 2% away from all-time highs, the bank sees room for volatility between now and December. Investors looking to bolster their portfolios against tariff shocks and other economic challenges should look to these areas of the market for protection, the bank recommended. Investors might be wishing for rate cuts, but in the meantime, the financials sector is benefitting from elevated borrowing costs. Financials have been a classic beneficiary of the Trump trade, as the president has been pro-deregulation. Sameer Samana, senior global market strategist, pointed to a steepening yield curve and robust loan growth as tailwinds for banks. Wells Fargo is bullish on the transactions and payment processing subsector, as these companies have high margins and cash flow generation. The best-performing sector of the S&P 500 year-to-date is industrials, and Wells Fargo expects the corner of the market to continue its outperformance. Specifically within industrials, Tracie McMillion, the bank's head of global asset allocation strategy, likes aerospace and defense companies. "Aerospace and defense are areas where we think there could actually be a benefit to geopolitical uncertainties," McMillion said. These companies tend to have low exposure to tariffs and economic growth concerns. Exposure to these companies can help investors hedge geopolitical risk from not only the trade war but also regional conflicts in Eastern Europe and the Middle East. It's a trade that's worked so far, as the software company Palantir is one of the market's best-performing stocks, having risen 76% this year in large part due to its lucrative government defense contracts. McMillion recommends reducing exposure to cyclical consumer discretionary stocks and favoring more defensive, domestic-oriented sectors such as energy and utilities. These companies can also provide a hedge against inflation thanks to their ties to real assets like oil. Midstream energy, electric utilities, and renewable energy companies "operate some of the most difficult-to-replicate assets on the planet, including interstate pipelines and nuclear power plants," giving them a competitive advantage, the bank wrote in its midyear outlook report. Utilities companies are also positioned to benefit from increased energy demand from AI technologies and data centers, the bank said. Technology continues to be a stock market winner. Wells Fargo likes the information technology and communication services sectors for their high-quality companies and pricing power. "We would continue to focus on large caps and mid-caps," Cronk said. "We think they have enough scale to try and pass along pricing with respect to tariffs, and they have better balance sheets." Big Tech dominates the ranks of the market's largest companies, making them a safe choice for investors looking to seek refuge in US large cap equities. "Those should be candidates for purchase on any pullbacks in the markets," McMillion said of those sectors. Read the original article on Business Insider