Rheinmetall reports “boom” as results hit new records with orders for vehicles, ammunition and weapons
Rheinmetall is riding high as Europe scrambles to boost its defence forces and replenish spent stockpiles sent to Ukraine.
Boeing and Saab have teamed to offer a solution for the US Air Force’s upcoming competition to replace its T-38 aircrew training system. The companies have signed a Joint Development Agreement (JDA) that will see them develop and build a new T-X Family of Systems training solution for the bid.
The agreement - which covers design, development, production, support, sales and marketing - will see Boeing act as prime contractor on the bid, with Saab acting as primary partner.
The solution to be offered for the programme will be a completely new designed aircraft, built specifically to meet the needs of the US Air Force. The T-X programme will include aircraft and training that will prepare warfighters for the next 40 years.
Current plans will see the US Air Force acquire a new Advanced Pilot Training Family of Systems and about 350 aircraft, plus associated ground-based training systems and logistics and sustainment support.
Chris Chadwick, president, Boeing Military Aircraft, said: ‘Teaming with Saab will bring together our companies' formidable technical expertise, global presence, and willingness to present an adaptable and affordable advanced pilot training solution.
‘Boeing and Saab form the foundation for what will be the strongest, most cost-effective industry team. Our comprehensive Family of Systems approach provides a new, purpose-built T-X aircraft supported by innovative training and logistics support to offer total-life-cycle cost benefits to the US Air Force and taxpayers.’
Håkan Buskhe, president and CEO, Saab, added: ‘Saab is proud to join with Boeing for the T-X competition, thus creating a highly capable team to deliver unprecedented value to the customer. We are sure this is the best way to supply affordable first-class trainers to the US Air Force. We will invest in development of this completely new aircraft design over the coming years. This cooperation with Boeing is part of our strategic development and we confirm our long-term financial targets.’
Rheinmetall is riding high as Europe scrambles to boost its defence forces and replenish spent stockpiles sent to Ukraine.
The forecast came as the Italian firm presented its new 2025–29 industrial plan to analysts, with its future figures bolstered by the European increase in defence spending.
Speaking before a committee on European affairs, the speakers addressed recent developments following an eventful few days. During this period, the UK pushed for increased support for Ukraine, while the EU eased budget constraints to allow for greater defence spending. Meanwhile, across the Atlantic, US President Donald Trump introduced tariffs that could impact the defence industry.
NATO and other Western countries had been singing from the same song sheet since the full-scale invasion of Ukraine by Russia three years ago but the alliance has been weakened as the new US administration under President Donald Trump pauses military aid to Ukraine.
Since the release of Ireland’s Commission on the Defence Forces (CoDF) report two years ago there have been whisperings about the potential of Ireland buying fighter jets, one of the most ambitious recommendations. The prospect has now inched closer.
UK Prime Minister Keir Starmer raises defence spending, while both NATO and President Trump demand significant further increases.