US defense startup Covenant to produce cruise missiles in GermanyPhoto by PactoVisual on Pexels
Business
США

US defense startup Covenant to produce cruise missiles in Germany

Eco9 September 2026 at 16:37

The North American defense startup Covenant will begin in early 2027 the mass production of low-cost cruise missiles in Germany, more specifically in Saxony, in the east of the country. The company expects to initially produce one thousand Anthem missiles per year and increase capacity to five thousand units by 2028. The supply chain for the German factory is essentially European, with less than 5% of materials coming from outside Europe.

The company has already secured a contract for the Anthem in Europe and is in negotiations with other potential clients, whose countries have not been identified. The first deliveries of the ground-launched missile are scheduled for early 2027. The price per unit is expected to be in the hundreds of thousands of dollars, presenting itself as a cheaper alternative to systems such as the Tomahawk, from the American Raytheon.

Covenant is also developing a naval version of the Anthem, with a payload exceeding 200 kilograms, intended to strike land and maritime targets. The CEO of the company, Michael Kaufman, believes that Europe will need tens of thousands of long-range missiles to deter or confront an adversary with an extensive territory, in a context of growing Russian threats against countries of the European bloc.

In July, Germany pressed the United States to allow the production of American weaponry on German soil, to fill deterrence gaps that Washington may leave as it reviews its commitment to the NATO military alliance.

Related articles

Business

Choice of places for specialized training of doctors now done online

The choice of places for specialized training of doctors in Portugal will now be carried out online from 2025, replacing the previous real-time system that required the simultaneous physical presence of candidates and ACSS professionals, as well as real-time coordination between teams spread across various locations in the country.

CNN Portugal09/09/26, 17:21
Business

Cascais Miragem has already communicated layoffs and union urges workers to challenge them

The Cascais Miragem Hotel officially announced the collective dismissal of 177 workers, including 142 permanent employees and 35 fixed-term contracts, due to the closure of the unit for structural works starting November 1st, with a minimum duration of two years. The Hotel Industry Workers' Union urged those affected to challenge the dismissals in court, arguing that the legal requirements for using this mechanism are not met and that the decision represents a "dismissal without just cause disguised as a collective dismissal". The hotel's management defended that collective dismissal was the only legally viable option. The union recalled that an investment of approximately 80 million euros is planned for the renovation of the hotel, acquired in 2025 by a Spanish group for 125 million euros, considering it unacceptable that the project be realized at the workers' expense.

Eco09/09/26, 17:13
Business

Number of landings at airports in the Azores falls for the eighth consecutive month

The number of passengers disembarked at Azores airports fell for the eighth consecutive month in August, registering a decline of 6.2% compared to the same period last year, according to data from the Regional Statistical Service of the Azores (SREA).

Açoriano Oriental09/09/26, 17:06
Business

Portimão: changes to five Vai e Vem lines

From September 11, changes came into effect on five lines of the Vai e Vem Network – Urban Transport of Portimão, specifically lines 11, 13, 14, 35 and 36. These modifications affect the public transport service in the Algarve city.

Algarve Marafado09/09/26, 16:57