Happy Birthday America!
If I was born in any other country I wouldn’t be where I am today. I wasn’t born into wealth. I shouldn’t be MrBeast. This country gave me the freedom to chase my dreams and mindset that I can achieve anything. America isn’t perfect but dam I love her 🇺🇸
🇩🇪🇰🇷LIG D&A has announced plans to form a joint venture with Rheinmetall. It appears they are set to aggressively target the European SAM market. Their plan involves selling a package to Europe that combines LIG’s high-altitude, long-range interceptor systems, such as L-SAM, L-SAM-II, M-SAM-II, and M-SAM-III with Rheinmetall's short-range air defense systems.
For LIG, targeting the European market together with Rheinmetall is quite convenient, while for Rheinmetall, it is better to secure at least some of the European market with LIG before it is too late, rather than having Diehl or other take over the SAM market.
This is somewhat of a trend.
For instance, following the K239 contract, Hanwha Aerospace also established a JV with Poland's WB Group for missile development and production.
LIG also established a joint venture with the UAE.
However, LIG does not hold the entire stake in battery configurations such as the M-SAM and L-SAM.
The radars belong to Hanwha Systems, and the AAM interceptors for the L-SAM belong to LIG, but the ABMs belong to Hanwha Aerospace.
Hanwha Aerospace is also responsible for the High Altitude Interceptor (HAI) of the L-SAM-II. Will LIG be responsible for the Glide Phase Interceptor (GPI)?
Anyway, LIG D&A previously experienced conflict with Hanwha during the M-SAM-II contract with Iraq due to insufficient discussions.
Of course, no corporation in the world would turn down a profit, and this is especially true in the high-value missile sector.
Another minor point of concern is that the European market for medium range SAMs, such as the US RTX & Raytheon PAC, Italy & France MBDA SAMP/T, and Germany Diehl IRIS-T is somewhat oversaturated.
Fortunately, Rheinmetall possesses solid Skyranger 30, 35, Skyshield, Skynex and MANTIS systems and has significant fixed demand (Germany and Europe). Its armored factories are also being expanded.
Similarly, LIG D&A has a proven lineup of missile systems, substantial fixed demand (Korea and the Middle East), and has expanded its missile production lines.
Rheinmetall is a solid player in SHORAD systems, while LIG is the leader in medium and high-altitude interceptor systems.
In particular, ground-based high-altitude interceptor systems require massive investments in budget, R&D, and time for development, verification, production, and deployment due to their nature and LIG has no concerns regarding this, and virtually the only countries selling ground-based high-altitude long-range interceptor systems are the United States, Israel, and South Korea.
Given that Israel's Arrow faces difficulties securing new demand due to ethical and ideological conflicts with European governments and politicians even within the defense market, the joint venture between Rheinmetall and LIG D&A is highly likely to exploit these points.
Prime Minister of Canada caught on a hot mic with President Trump.
He can clearly be heard saying: “less than 3% of our product”, “49,000 cars”, then while making a cut off gesture with his hands, “capped”, and “I thought you’d actually like that”, before walking away.
Presumably this is in relation to Chinese EV’s.
Everyone commenting on this is confused about large predator behavior. Bears dont have to just win the fight, they have to win EVERY fight with no major injuries for their entire lives. A dog-sized snack is not worth the risk of losing his eye. The dog is not competing with him for territory or food or mates. He has basically no reason to fight it.
The thing is bears are also like this with humans... he really doesnt want anything to do with you