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Electra said on Wednesday ‌it has signed a production agreement with France's Safran Helicopter Engines for turbogenerators, as the hybrid-electric aircraft startup looks to advance certification efforts.

European missile makers and defence groups ​launched a new consortium ‌on Tuesday to develop what they said would ​be the continent's ​first sovereign exo-atmospheric interceptor.

Thales said on Monday it had ​reached an agreement with Exail's leading shareholder, ‌the Gorgé family, to buy its stake in the French underwater drone technology company in a first step ​towards a full takeover.

French jet engine maker ​Safran is said ‌to be studying a potential ​acquisition of ​sea-drone maker Exail Technologies , ⁠Bloomberg News ​reported on ​Friday.

According to the Stockholm International Peace Research Institute, military spending around the world is rising rapidly, having reached $2.9 trillion in 2025. Europe has led the way in this growth, with a 14% year-over-year (YOY) increase in military spending from 2024 to 2025.