Advertisement
Canada markets closed
  • S&P/TSX

    22,059.03
    -184.99 (-0.83%)
     
  • S&P 500

    5,567.19
    +30.17 (+0.54%)
     
  • DOW

    39,375.87
    +67.87 (+0.17%)
     
  • CAD/USD

    0.7332
    -0.0015 (-0.20%)
     
  • CRUDE OIL

    83.44
    -0.44 (-0.52%)
     
  • Bitcoin CAD

    77,126.23
    +2,785.32 (+3.75%)
     
  • CMC Crypto 200

    1,171.37
    -37.33 (-3.09%)
     
  • GOLD FUTURES

    2,399.80
    +30.40 (+1.28%)
     
  • RUSSELL 2000

    2,026.73
    -9.90 (-0.49%)
     
  • 10-Yr Bond

    4.2720
    -0.0830 (-1.91%)
     
  • NASDAQ

    18,352.76
    +164.46 (+0.90%)
     
  • VOLATILITY

    12.48
    +0.22 (+1.79%)
     
  • FTSE

    8,203.93
    -37.33 (-0.45%)
     
  • NIKKEI 225

    40,912.37
    -1.28 (-0.00%)
     
  • CAD/EUR

    0.6762
    -0.0030 (-0.44%)
     

Germany's Diehl to further expand production of IRIS-T air defence systems

Preview ahead of the opening of the International Aerospace Exhibition ILA

BERLIN (Reuters) - German arms maker Diehl plans to further expand production of the IRIS-T air defence system, its CEO Helmut Rauch told reporters at the ILA air show in Berlin on Thursday.

Diehl now wants to produce at least ten firing units from 2026 and to double production of the IRIS-T medium-range missiles from 2025, Rauch said.

This is the second time in nine months for the firm to announce a IRIS-T production ramp-up as Germany continues to increase its defence capabilities amidst heightened threats from Russia while it continues to make advances in Ukraine.

(Reporting by Sabine Seibold, writing by Andrey Sychev; Editing by Ludwig Burger)