New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.
Angelo Quabba has been appointed chief financial officer (CFO) of SR Technics and a Member of the Group’s Executive Leadership Team (ELT).
Quabba took up the post on 1 March, succeeding former CFO James Stewart – who became CEO on 1 February – and to whom Quabba reports directly.
Quabba joined SR Technics in July 2007 as head of aircraft services–controlling. On 1 December 2008, he was appointed head of division–controlling components and since October 2009 he has been senior vice-president–commercial controlling.
Quabba has extensive expertise and experience in the fields of finance and controlling. Before joining SR Technics he was CFO in the customer business centre at Honeywell Analytics in Uster, near Zurich.
He holds a BSc degree in economics and business administration, majoring in finance and controlling from HWV Zürich, and a higher business diploma from the Zurich Management Training Institute.
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.
Rachel Reeves announced port upgrades, protected budgets for innovation and investment in novel technologies.
The Australian Budget was marked by tax cuts and a looming general election which led to little hope that there would be a substantial defence boost even with a big bill for nuclear submarines due.
The communications company Gilat launched its new Gilat Defense division at the Satellite 2025 expo, with future solutions aimed at US military customers.
US services have already conducted multiple tests with military maritime systems fitted with the system.
Europe’s Organisation for Joint Armament Cooperation (OCCAR) “has to establish itself…as a centre of excellence for cooperative Defence Equipment Programmes” in the face of growing threats and the need for rearmament, according to the organisation’s chairman.