As Western nations ramp up defense spending, Taiwan-based S-Tech Corp, a manufacturer of high-performance alloy materials, is seeing over 50% of its revenue now generated in Europe, primarily through the supply of specialty steels. With European defense policies moving from rhetoric to implementation, the company anticipates growing momentum for its defense-related businesses.
Taiwan's Aerospace Industrial Development Corporation (AIDC) announced on Sunday that it has signed a formal teaming agreement with US defense technology company Shield AI, marking a major step toward developing an integrated, end-to-end ecosystem for advanced unmanned aerial systems (UAS) in the Indo-Pacific.
Swancor Holding will divest part of its stake in Swancor Advanced Materials after a September 1 shareholder vote, a step designed to unlock capital and realign its portfolio toward robotics and aerospace expansion.