Hensoldt and Theon to deliver 20,000 night-vision goggles to Germany
06 July 2022
by Olivia Savage & Kasthurica Panigrahy
A Hensoldt and Theon consortium has received a follow-on contract for 20,000 Mikron night-vision goggles from the Organisation for Joint Armament Cooperation (OCCAR), Hensoldt announced on 5 July.
The contract amendment, signed by OCCAR on behalf of Belgium and Germany, activates an existing option for the supply of an additional 20,000 Mikron Binocular Night-Vision Googles (BNVGs) to the German armed forces (Bundeswehr), Hensoldt detailed.
Japan aims to achieve defence spending worth 2% of GDP by 2027. Janes Defence Budgets analysis suggests that while this effort might prove overambitious, even a limited increase in the proportion of funding allocated to defence will result in strong growth in expenditure. (Janes Defence Budgets)
Japan's Defense Minister Yasukazu Hamada has confirmed a government plan to strongly increase defence spending over the next few years to support the “drastic strengthening of [Japan's] defence capabilities”.
Czechoslovak Group buys ammo maker Fiocchi Munizioni
30 November 2022
by Marc Selinger
Fiocchi makes ammunition for the .50 Browning Machine Gun. (Fiocchi)
Czech Republic-based conglomerate Czechoslovak Group (CSG) has expanded its foreign footprint by acquiring a 70% stake in Italian ammunition manufacturer Fiocchi Munizioni, the buyer announced on 25 November.
Petr Formánek, CSG's head of mergers and acquisitions, said the Fiocchi purchase is consistent with CSG's strategy of buying companies that are “oriented towards Western Europe and the US”. CSG chairman Michal Strnad said that Fiocchi enjoys a “solid presence” in NATO countries.
In this episode we speak to Claire Chu, Senior Chinese Analyst at Janes Group to discuss economic statecraft as a valuable element of your OSINT toolbox and how open source intelligence on state sponsored commercial activity can support their na...