ThyssenKrupp Stock News

Italian defence and aerospace company Leonardo and Abu Dhabi's EDGE group have detailed ​plans for a joint venture targeting ‌over 4 billion euros in orders over five years, the companies said on Wednesday at a ​Paris event.

Germany would be a strong partner for the Global Combat Air Programme (GCAP) ​fighter project, the chief executive of Italian aerospace and defence ‌group Leonardo told Reuters on Tuesday.

Europe's defense offerings are dwarfed in scale by SpaceX, Anthropic, or OpenAI. They may prove no less important in fate-of-the-world terms, though.

The former four-star general warned that drone warfare had reshaped conflict and exposed defense gaps. Autonomous swarms have emerged as the next challenge for militaries globally.

Thyssenkrupp will close a U.S. plant as it pushes ahead with the restructuring of its automotive technology unit.

Germany's IG Metall union on Monday lashed out at management of Thyssenkrupp for plans ​to change the legal form of the ‌group's Materials Services (MX) division as part of efforts to divest it.

For this year, Leonardo continues to expect new orders worth about 25 billion euros.