France and the UK signed a joint contract for Thales to start the production phase of MMCM to deliver eight unmanned mine hunting systems
Defense and aerospace giant (BA) is one of the companies set to benefit from the U.K.’s new military spending plan, which will see the largest investment since the end of the Cold War. BAE stock rose 3% in London trading on Friday, after climbing near 2% higher on Thursday when the plan was announced. Shares in Thales Group, a French defense company that has a history of supplying the U.K. military, rose around 2% in Paris trading.
Canada's NorthStar Earth & Space and Thales Alenia Space said on Tuesday they will begin work on a commercial satellite system to combat the threat of collisions in space. Montreal-based NorthStar said the constellation would be the first commercial service to monitor objects like satellites in space from space, where they can be tracked more precisely than from Earth.