Cristina Gallardo
@cristinagallardo.bsky.social
Reporter at Dow Jones & The Wall Street Journal, covering European defence and other bits.
In past lives I wrote about Brexit, foreign policy, tech and science for a range of publications including Politico, Sifted and Spain's EFE news agency.
In past lives I wrote about Brexit, foreign policy, tech and science for a range of publications including Politico, Sifted and Spain's EFE news agency.
The European Union will encourage its member states to jointly procure drone and air defense equipment as part of a five-year strategy to rearm and deter Russia.
www.wsj.com/world/europe...
www.wsj.com/world/europe...
EU Proposes Arms-Procurement Overhaul to Become Combat-Ready By 2030
The European Commission proposed a reform of the EU’s military planning and procurement as part of a five-year strategy to rearm and deter Russia.
www.wsj.com
October 16, 2025 at 1:00 PM
The European Union will encourage its member states to jointly procure drone and air defense equipment as part of a five-year strategy to rearm and deter Russia.
www.wsj.com/world/europe...
www.wsj.com/world/europe...
The business of making military drones could be the defence sector’s biggest bubble, Armin Papperger, the chief executive of rapidly growing arms giant Rheinmetall, said in an interview at #DSEI2025.
www.wsj.com/world/europe...
www.wsj.com/world/europe...
Military Drones Could Be Defense Industry’s Big Bubble, Rheinmetall’s CEO Says
EXCLUSIVE: Military drones are a crucial part of war in Ukraine and are rapidly expanding, but Armin Papperger is not convinced by their market foundations.
www.wsj.com
September 12, 2025 at 10:57 AM
The business of making military drones could be the defence sector’s biggest bubble, Armin Papperger, the chief executive of rapidly growing arms giant Rheinmetall, said in an interview at #DSEI2025.
www.wsj.com/world/europe...
www.wsj.com/world/europe...
NEW: Babcock International's CEO downplayed widespread concerns about the U.S. commitment toward the Aukus multi-billion dollar submarine deal with the U.K. and Australia, aimed at countering China's rise in the Indo-Pacific.
www.wsj.com/business/ear...
www.wsj.com/business/ear...
Babcock Downplays Concerns Over U.S. Commitment to Aukus Security Pact
The U.S. is reviewing its participation in the three-way alliance as the country stresses Trump’s “America First” agenda. Babcock’s CEO said the review wasn’t unusual.
www.wsj.com
June 25, 2025 at 10:36 AM
NEW: Babcock International's CEO downplayed widespread concerns about the U.S. commitment toward the Aukus multi-billion dollar submarine deal with the U.K. and Australia, aimed at countering China's rise in the Indo-Pacific.
www.wsj.com/business/ear...
www.wsj.com/business/ear...
Reposted by Cristina Gallardo
UK government announces that it will in fact buy F-35A and join NATO nuclear sharing. The UK will purchase 12 F-35As and join NATO’s nuclear mission. gov.uk/government/new…
Less than two weeks ago the SDR external reviewers had implied they were not keen on that choice (below).
Less than two weeks ago the SDR external reviewers had implied they were not keen on that choice (below).
June 25, 2025 at 6:03 AM
UK government announces that it will in fact buy F-35A and join NATO nuclear sharing. The UK will purchase 12 F-35As and join NATO’s nuclear mission. gov.uk/government/new…
Less than two weeks ago the SDR external reviewers had implied they were not keen on that choice (below).
Less than two weeks ago the SDR external reviewers had implied they were not keen on that choice (below).
Babcock International reported higher revenue and underlying operating profit for its fiscal year amid growing demand in the U.K. for defence and civil nuclear-energy equipment.
www.wsj.com/business/ear...
www.wsj.com/business/ear...
Babcock Earnings Rise on Higher U.K. Defense, Nuclear-Power Spending
The defense company reported revenue of £4.83 billion for the year ended March 31, compared with £4.39 billion the year before.
www.wsj.com
June 25, 2025 at 7:27 AM
Babcock International reported higher revenue and underlying operating profit for its fiscal year amid growing demand in the U.K. for defence and civil nuclear-energy equipment.
www.wsj.com/business/ear...
www.wsj.com/business/ear...
SCOOP: Spain's Indra Sistemas is seeking to take part in a joint venture formed by Rheinmetall and Leonardo to produce tanks and armoured vehicles, people familiar with the talks said.
Full story on Dow Jones NewsPlus platform for subscribers - here you've got a snippet 👇
Full story on Dow Jones NewsPlus platform for subscribers - here you've got a snippet 👇
May 22, 2025 at 5:51 PM
SCOOP: Spain's Indra Sistemas is seeking to take part in a joint venture formed by Rheinmetall and Leonardo to produce tanks and armoured vehicles, people familiar with the talks said.
Full story on Dow Jones NewsPlus platform for subscribers - here you've got a snippet 👇
Full story on Dow Jones NewsPlus platform for subscribers - here you've got a snippet 👇
UK defence company QinetiQ said it would launch a restructuring drive to bring down costs, refine its US strategy and focus on growing its business with NATO countries, after posting a loss in earnings for fiscal 2025.
www.wsj.com/business/ear...
www.wsj.com/business/ear...
QinetiQ to Target NATO Countries for Future Growth After Posting Earnings Loss
The U.K. defense company’s results took a hit from a slowdown in the award of British contracts and the uncertainty caused by the change in the U.S. administration.
www.wsj.com
May 22, 2025 at 10:07 AM
UK defence company QinetiQ said it would launch a restructuring drive to bring down costs, refine its US strategy and focus on growing its business with NATO countries, after posting a loss in earnings for fiscal 2025.
www.wsj.com/business/ear...
www.wsj.com/business/ear...
US defence contractor Lockheed Martin is accelerating talks for new partnerships in Europe, a senior executive said, amid a continental push to reduce its military reliance on American arms makers.
www.wsj.com/business/loc...
www.wsj.com/business/loc...
Lockheed Martin Speeds Up European Defense Tie-Up Talks Amid EU Push to Buy Local
The U.S. defense contractor is trying to expand its production and supply chains in Europe, a senior executive said.
www.wsj.com
May 16, 2025 at 10:38 AM
US defence contractor Lockheed Martin is accelerating talks for new partnerships in Europe, a senior executive said, amid a continental push to reduce its military reliance on American arms makers.
www.wsj.com/business/loc...
www.wsj.com/business/loc...
Rheinmetall CEO Armin Papperger says NATO chief Mark Rutte told him that the alliance’s 32 member states should increase their military spending to 3.5% of their GDP.
The company backed its 2025 guidance but left the door open for an upgrade this year.
www.wsj.com/business/ear...
The company backed its 2025 guidance but left the door open for an upgrade this year.
www.wsj.com/business/ear...
Rheinmetall Expects Rapid Increase in NATO Military Spending
Germany’s biggest arms manufacturer continues to expect an increase of 35% to 40% in sales, but said guidance could be upgraded if an expected surge in demand for military equipment was confirmed.
www.wsj.com
May 8, 2025 at 3:48 PM
Rheinmetall CEO Armin Papperger says NATO chief Mark Rutte told him that the alliance’s 32 member states should increase their military spending to 3.5% of their GDP.
The company backed its 2025 guidance but left the door open for an upgrade this year.
www.wsj.com/business/ear...
The company backed its 2025 guidance but left the door open for an upgrade this year.
www.wsj.com/business/ear...
IPOs planned for the next few months have been put on ice due to the market volatility caused by the announced US tariffs.
But we could still see IPOs growth in the aerospace and defence sectors, EY says in a report.
www.wsj.com/finance/ipos...
But we could still see IPOs growth in the aerospace and defence sectors, EY says in a report.
www.wsj.com/finance/ipos...
IPOs Put On Ice By Tariff Uncertainty, EY Warns
Some companies planning to list this year, especially those aiming at going public in the first quarter, have delayed their IPOs to as late as early 2026.
www.wsj.com
April 10, 2025 at 7:06 AM
IPOs planned for the next few months have been put on ice due to the market volatility caused by the announced US tariffs.
But we could still see IPOs growth in the aerospace and defence sectors, EY says in a report.
www.wsj.com/finance/ipos...
But we could still see IPOs growth in the aerospace and defence sectors, EY says in a report.
www.wsj.com/finance/ipos...
Reposted by Cristina Gallardo
“Canada is in advanced talks with the European Union to join the bloc’s new project to expand its military industry, a move that would allow Canada to be part of building European fighter jets and other military equipment” www.nytimes.com/2025/03/19/w... www.nytimes.com/2025/03/19/w...
Menaced by Trump, Canada Prepares to Join E.U. Military Industry Efforts
Canada’s draft deal to participate in Europe’s defense industry will bring contracts to Canadian manufacturers and help lessen dependence on the United States.
www.nytimes.com
March 19, 2025 at 10:14 PM
“Canada is in advanced talks with the European Union to join the bloc’s new project to expand its military industry, a move that would allow Canada to be part of building European fighter jets and other military equipment” www.nytimes.com/2025/03/19/w... www.nytimes.com/2025/03/19/w...
Arms manufacturers from the U.S. and U.K. are set to be largely excluded from new European Union defence procurement loans unless their countries sign defence and security agreements with the bloc.
My latest article on the EU's package to boost defence 👇
www.wsj.com/world/europe...
My latest article on the EU's package to boost defence 👇
www.wsj.com/world/europe...
U.S., U.K. Defense Companies Mostly Excluded From New EU Loans
Only defense companies headquartered in the EU and those from third countries with defense pacts in place, such as Norway or Ukraine, would be able to receive orders financed with EU loans under the b...
www.wsj.com
March 19, 2025 at 3:11 PM
Arms manufacturers from the U.S. and U.K. are set to be largely excluded from new European Union defence procurement loans unless their countries sign defence and security agreements with the bloc.
My latest article on the EU's package to boost defence 👇
www.wsj.com/world/europe...
My latest article on the EU's package to boost defence 👇
www.wsj.com/world/europe...
Reposted by Cristina Gallardo
Italian newspaper says it has published world’s first AI-generated edition
Il Foglio says artificial intelligence used ‘for everything – the writing, the headlines, the quotes … even the irony’
www.theguardian.com/technology/2...
Il Foglio says artificial intelligence used ‘for everything – the writing, the headlines, the quotes … even the irony’
www.theguardian.com/technology/2...
Italian newspaper says it has published world’s first AI-generated edition
Il Foglio says artificial intelligence used ‘for everything – the writing, the headlines, the quotes … even the irony’
www.theguardian.com
March 18, 2025 at 4:11 PM
Italian newspaper says it has published world’s first AI-generated edition
Il Foglio says artificial intelligence used ‘for everything – the writing, the headlines, the quotes … even the irony’
www.theguardian.com/technology/2...
Il Foglio says artificial intelligence used ‘for everything – the writing, the headlines, the quotes … even the irony’
www.theguardian.com/technology/2...
Reposted by Cristina Gallardo
'"We appreciate all the symbolic gestures but we need more public backing," a Canadian official told me in a voice which underlined the nervous disbelief shared by most Canadians' www.bbc.co.uk/news/article...
Canada's Carney makes statement by choosing Europe, not US, for first foreign trip
The prime minister hopes to achieve solid support as he visits the UK and France, writes Lyse Doucet.
www.bbc.co.uk
March 17, 2025 at 10:40 AM
'"We appreciate all the symbolic gestures but we need more public backing," a Canadian official told me in a voice which underlined the nervous disbelief shared by most Canadians' www.bbc.co.uk/news/article...
Rheinmetall's CEO Armin Papperger estimates European NATO countries could increase their defence spending to a combined of almost 1 trillion euros by 2030.
The German arms maker could capture up to 20%-25% of this money, he said.
www.wsj.com/business/ear...
The German arms maker could capture up to 20%-25% of this money, he said.
www.wsj.com/business/ear...
Rheinmetall Signals Booming Sales As Europe Enters ‘Era Of Rearmament’
While 2024 sales grew 35%, boosted by increased demand, there was a dip in sales at its power systems and trade divisions at the start of of the year.
www.wsj.com
March 12, 2025 at 3:42 PM
Rheinmetall's CEO Armin Papperger estimates European NATO countries could increase their defence spending to a combined of almost 1 trillion euros by 2030.
The German arms maker could capture up to 20%-25% of this money, he said.
www.wsj.com/business/ear...
The German arms maker could capture up to 20%-25% of this money, he said.
www.wsj.com/business/ear...
Leonardo's shares fell Wednesday after the Italian company failed to provide much-expected details on its plan to rescue its troubled aerostructures division, and amid profit taking in the defence sector linked to a potential Ukraine-Russia ceasefire.
www.wsj.com/business/leo...
www.wsj.com/business/leo...
Leonardo Shares Drop Amid Lack of Details on Aerostructures Future, Profit Taking
The stock fell after the company failed to provide expected details on its plan to rescue its troubled aerostructures division, amid profit taking in the defense sector.
www.wsj.com
March 12, 2025 at 9:49 AM
Leonardo's shares fell Wednesday after the Italian company failed to provide much-expected details on its plan to rescue its troubled aerostructures division, and amid profit taking in the defence sector linked to a potential Ukraine-Russia ceasefire.
www.wsj.com/business/leo...
www.wsj.com/business/leo...
Rheinmetall's annual sales reached a record 9.75 billion euros, as Europe increased its reliance on the German arms maker to modernize its defence capabilities.
"An era of rearmament has begun in Europe that will demand a lot from all of us," CEO Armin Papperger said.
www.wsj.com/business/ear...
"An era of rearmament has begun in Europe that will demand a lot from all of us," CEO Armin Papperger said.
www.wsj.com/business/ear...
Rheinmetall Annual Sales Soar to Record $10.65 Billion, But Miss Target
While 2024 sales grew 35%, boosted by increased demand, there was a dip in sales at its power systems and trade divisions at the start of of the year.
www.wsj.com
March 12, 2025 at 7:31 AM
Rheinmetall's annual sales reached a record 9.75 billion euros, as Europe increased its reliance on the German arms maker to modernize its defence capabilities.
"An era of rearmament has begun in Europe that will demand a lot from all of us," CEO Armin Papperger said.
www.wsj.com/business/ear...
"An era of rearmament has begun in Europe that will demand a lot from all of us," CEO Armin Papperger said.
www.wsj.com/business/ear...
Italian aerospace and defence company Leonardo said it plans to put nearly 40 satellites in orbit by 2028 to offer services for military and civilian purposes, which will compete with Elon Musk's Starlink.
www.wsj.com/business/ear...
www.wsj.com/business/ear...
Leonardo to Launch Constellation of Military, Civil Satellites as Europe Beefs Up Defense Spending
The Italian aerospace and defense group said it will launch 18 military satellites and 20 civil multi-sensor satellites between 2027 and 2028, which would provide European governments with an alternat...
www.wsj.com
March 11, 2025 at 6:44 PM
Italian aerospace and defence company Leonardo said it plans to put nearly 40 satellites in orbit by 2028 to offer services for military and civilian purposes, which will compete with Elon Musk's Starlink.
www.wsj.com/business/ear...
www.wsj.com/business/ear...
Reposted by Cristina Gallardo
Reposted by Cristina Gallardo
THREAD: For International Women’s Day, making my favorite kind of list: amazing journalists you should follow!
@sasilink.bsky.social @jpaynenews.bsky.social @kateabnett.bsky.social @afpal.bsky.social @terischultz.bsky.social
@alexowski.bsky.social
@paolatamma.bsky.social
@lauramdubois.ft.com
@sasilink.bsky.social @jpaynenews.bsky.social @kateabnett.bsky.social @afpal.bsky.social @terischultz.bsky.social
@alexowski.bsky.social
@paolatamma.bsky.social
@lauramdubois.ft.com
March 8, 2025 at 12:29 PM
THREAD: For International Women’s Day, making my favorite kind of list: amazing journalists you should follow!
@sasilink.bsky.social @jpaynenews.bsky.social @kateabnett.bsky.social @afpal.bsky.social @terischultz.bsky.social
@alexowski.bsky.social
@paolatamma.bsky.social
@lauramdubois.ft.com
@sasilink.bsky.social @jpaynenews.bsky.social @kateabnett.bsky.social @afpal.bsky.social @terischultz.bsky.social
@alexowski.bsky.social
@paolatamma.bsky.social
@lauramdubois.ft.com
Italy’s Leonardo and Turkey’s Baykar Technologies agreed to form a joint venture to develop unmanned drones, ahead of an expected increase in demand from Europe, as the continent rearms.
www.wsj.com/world/europe...
www.wsj.com/world/europe...
Leonardo, Baykar Technologies Team Up to Develop Unmanned Drones as Europe Rearms
The first product from the alliance will likely be a military drone capable of carrying all the munitions currently used by fighter jets, with a prototype ready in about a year’s time.
www.wsj.com
March 6, 2025 at 12:31 PM
Italy’s Leonardo and Turkey’s Baykar Technologies agreed to form a joint venture to develop unmanned drones, ahead of an expected increase in demand from Europe, as the continent rearms.
www.wsj.com/world/europe...
www.wsj.com/world/europe...
Reposted by Cristina Gallardo
Today I had the most fascinating time with Apple's co-founder Steve Wozniak on the stage of Talent Arena, linked to the tech trade show #MWC25 in Barcelona.
Very grateful for his insights on tech past and future, Elon Musk's pivot to politics, and the warm audience.
Very grateful for his insights on tech past and future, Elon Musk's pivot to politics, and the warm audience.
March 4, 2025 at 4:22 PM
Today I had the most fascinating time with Apple's co-founder Steve Wozniak on the stage of Talent Arena, linked to the tech trade show #MWC25 in Barcelona.
Very grateful for his insights on tech past and future, Elon Musk's pivot to politics, and the warm audience.
Very grateful for his insights on tech past and future, Elon Musk's pivot to politics, and the warm audience.
Reposted by Cristina Gallardo
Not one single move to pressure Russia. Sustained attacks on Zelensky. And now: “The Trump administration has stopped financing new weapons sales to Ukraine and is considering freezing weapons shipments from U.S. stockpiles.” www.wsj.com/politics/nat...
U.S. Hitting Brakes on Flow of Arms to Ukraine
The Trump administration has stopped financing new weapons sales to Ukraine and is considering freezing weapons shipments from U.S. stockpiles, current and former U.S. officials said.
www.wsj.com
March 3, 2025 at 8:04 PM
Not one single move to pressure Russia. Sustained attacks on Zelensky. And now: “The Trump administration has stopped financing new weapons sales to Ukraine and is considering freezing weapons shipments from U.S. stockpiles.” www.wsj.com/politics/nat...