logo
Anduril Mulls UK Drone Factory in Push for European Defense Contracts

Anduril Mulls UK Drone Factory in Push for European Defense Contracts

Bloomberg21-03-2025

US defense technology company Anduril Industries Inc. is considering manufacturing drones in the UK and cutting deals with European arms makers to secure contracts as the continent prepares to boost defense spending.
'If we get enough orders, absolutely we are planning to open a facility in the UK,' Rich Drake, Anduril's general manager for UK and Europe, said in an interview. 'We are committed to being a sovereign UK business.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Germany's Friedrich Merz to meet with Donald Trump in Oval Office
Germany's Friedrich Merz to meet with Donald Trump in Oval Office

Yahoo

time35 minutes ago

  • Yahoo

Germany's Friedrich Merz to meet with Donald Trump in Oval Office

June 5 (UPI) -- German Chancellor Friedrich Merz will be in Washington Thursday to meet with President Donald Trump in person for the first time. Merz said that he was looking forward to his first face-to-face meeting with Trump after the two have previously spoken over the phone "Our alliance with America was, is, and remains of paramount importance for the security, freedom, and prosperity of Europe. The United States is an indispensable friend and partner of Germany," Merz posted to X Wednesday. The topics of discussion are expected to range from tariffs and trade to Russia's war on Ukraine and the state of the Middle East. Trump and Merz reportedly speak with each other on a first-name basis, however, in a speech given Tuesday, German Foreign Minister Johann Wadephul described the current tone of German-U.S. relations as being "as rough as it has not been in a long time." Trump has also levied tariffs on all member nations of the European Union, Germany included, that will impose a 50% duty on all European goods starting July 9, a deadline that was extended from June 1 to allow more time for trade negotiations. The Trump administration has also upped tariffs on all aluminum and steel imports from 25% to 50%, with only Britain excluded. Germany announced last week it will provide a nearly $5.7 billion military aid package to Ukraine that will finance long-range weapons to be produced by Ukraine, which Merz announced can be deployed by the Ukrainian military for use inside the borders of Russia. Trump, however, had ordered a pause on military aid to Ukraine in March shortly after his combative February meeting with Zelensky. It is unclear if Trump has any issue with Germany's aid for or relationship with Ukraine.

Tesla Sales Are Falling Worldwide... Except One Country Where They're Spiking
Tesla Sales Are Falling Worldwide... Except One Country Where They're Spiking

Yahoo

timean hour ago

  • Yahoo

Tesla Sales Are Falling Worldwide... Except One Country Where They're Spiking

Tesla sales are continuing their decline worldwide. The carmaker is still grappling with the severe damage CEO Elon Musk has dealt to its brand following an incredibly unpopular embrace of far-right ideologies and a chaotic pay-for-play attempt to gut the federal government's budget. Sales figures, particularly in Europe and China, are looking grim. The carmaker sold 15 percent fewer cars in China last month than a year earlier, as Reuters reports. Across Europe, sales are still in freefall, dropping 36 percent in Germany and 45 percent in the UK — despite a significant rise in EV registrations in May. But one European nation, interestingly, is bucking the trend. Tesla sales in Norway have surged a massive 213 percent year over year — primarily the result of the brisk sales of the company's latest version of its Model Y SUV, which was released earlier this year. "The Tesla Model Y has sold well and is popular in Norway, likely because it is good value for money and because it meets Norwegians' needs for large luggage space, high ground clearance, all-wheel drive, and a tow hitch," Norwegian EV Association secretary general Christina Bu told CNBC. EV incentives are also still widely available, making electric car ownership in the Scandinavian nation highly lucrative. (Norway, though progressive in many regards, also has a long history of white nationalism that could be driving sympathy for some of Musk's most extreme beliefs.) Despite the spike in sales, though, it's likely Tesla's sales in Norway would actually be better without Musk's provocations. "As many as 43 percent stated that they would not buy a Tesla for political reasons," Bu said. "We can therefore only speculate how much Tesla would have sold without Musk's support for the MAGA movement and the Trump administration." And Norway is still an extreme outlier as Tesla's crisis continues to deepen. The carmaker's first-quarter earnings were even worse than analysts feared, revealing back in April that its net income had slid an astonishing 71 percent since the first quarter of last year. The company is also still reeling from Donald Trump's tariffs, which have driven up costs of imported auto parts, a reality that seemingly only dawned on Musk after he came by the company for a visit in late April. Meanwhile, Musk has bet the future of the company on the establishment of a fully autonomous robotaxi ride-hailing service and a humanoid robot, dubbed Optimus. But given the largely unfinished and potentially fatally flawed driver assistance software the company's still working on, it's unlikely service will expand any time soon beyond a handful of human driver-supervised vehicles in a suburb of Austin, Texas. The competition, particularly in China, is also really starting to heat up. Chinese EV maker BYD eclipsed Tesla by passing the $100 billion mark in revenue last year, showing that Musk has his work cut out for him to keep his carmaker alive. More on Tesla: Tesla Employees Startled by Elon Musk's Confusion When He Returned to Tesla Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Germany's Friedrich Merz to meet with Donald Trump in Oval Office
Germany's Friedrich Merz to meet with Donald Trump in Oval Office

UPI

timean hour ago

  • UPI

Germany's Friedrich Merz to meet with Donald Trump in Oval Office

Friedrich Merz, the current German Chancellor, at the German parliament 'Bundestag' in Berlin, Germany in January 2025. File Photo: EPA-EFE/CLEMENS BILAN June 5 (UPI) -- German Chancellor Friedrich Merz will be in Washington Thursday to meet with President Donald Trump in person for the first time. Merz said that he was looking forward to his first face-to-face meeting with Trump after the two have previously spoken over the phone "Our alliance with America was, is, and remains of paramount importance for the security, freedom, and prosperity of Europe. The United States is an indispensable friend and partner of Germany," Merz posted to X Wednesday. The topics of discussion are expected to range from tariffs and trade to Russia's war on Ukraine and the state of the Middle East. Trump and Merz reportedly speak with each other on a first-name basis, however, in a speech given Tuesday, German Foreign Minister Johann Wadephul described the current tone of German-U.S. relations as being "as rough as it has not been in a long time." Trump has also levied tariffs on all member nations of the European Union, Germany included, that will impose a 50% duty on all European goods starting July 9, a deadline that was extended from June 1 to allow more time for trade negotiations. The Trump administration has also upped tariffs on all aluminum and steel imports from 25% to 50%, with only Britain excluded. Germany announced last week it will provide a nearly $5.7 billion military aid package to Ukraine that will finance long-range weapons to be produced by Ukraine, which Merz announced can be deployed by the Ukrainian military for use inside the borders of Russia. Trump, however, had ordered a pause on military aid to Ukraine in March shortly after his combative February meeting with Zelensky. It is unclear if Trump has any issue with Germany's aid for or relationship with Ukraine.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store