financetom
Technology
financetom
/
Technology
/
Nokia, Nvidia, defence firms back EU-funded drone infrastructure oversight project
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nokia, Nvidia, defence firms back EU-funded drone infrastructure oversight project
Jun 4, 2025 1:28 AM

*

Project aims to protect Europe's critical infrastructure

*

Drones to watch energy grids, data centres, communication

lines

*

Potential for later dual-use defence applications

By Nathan Vifflin

June 4 (Reuters) - A consortium of more than 42

organizations, led by Nokia, will work on an unmanned

drone project aimed at protecting and bolstering the resilience

of Europe's most critical infrastructures, the Finnish network

equipment maker said on Wednesday.

The member organizations, which include start-ups and

universities, will build new capabilities such as laser or radar

sensors on top of hardware platforms like drones built by

defence companies.

Russia's invasion of Ukraine has highlighted the European

Union's inability to protect its vital systems, a vulnerability

starkly underscored by drone warfare's increasing capacity to

inflict devastation deep within adverse territory.

"Safeguarding of our critical infrastructure has not always

been a first priority," project leader Thomas Eder at Nokia said

in an interview with Reuters, adding that EU-funding for a

similar venture did not come through only a few years earlier.

The project is funded in part by participating countries,

companies and the EU under its Chips Joint Undertaking

programme, which also allows non-EU countries such as Israel to

participate.

Among companies involved in the venture were Nvidia ( NVDA )

and European defence firms Safran, Leonardo

and Saab.

Nokia is looking to do more around defence as its new CEO

has identified the sector as one of the company's priority

areas, alongside data centres and AI, a Nokia spokesperson said.

The aerial, ground and underwater robot project, initially

scheduled to run for three years, is expected to generate 90

million euros ($102.7 million) in revenue by 2035, according to

a statement seen by Reuters.

Nokia was not able to confirm the total funding numbers for

the project.

While the initiative is targeted for civil security, when

asked if it could be later spun-off into a dual-use project for

defence purposes, Eder said, "I think it is highly possible."

"But for the time being, this is a critical infrastructure

project for power lines, for power plants, for railways, for

ports, for any type of power grid applications," he said.

($1 = 0.8767 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
End of day Ethereum price (ETHUSD) forecast update - 14-06-2024
End of day Ethereum price (ETHUSD) forecast update - 14-06-2024
Jun 14, 2024
Ethereum price (ETHUSD) managed to touch our waited target at 3360.31$ and finds solid support there, expecting the continuation of the negative trades to break this level and open the way to achieve more bearish correction that its next target reaches 3132.80$, motivated by stochastic negativity that appears clearly now, taking into consideration that the consolidation of 3360.31$ against the...
This Is What Whales Are Betting On Accenture
This Is What Whales Are Betting On Accenture
Jun 14, 2024
Whales with a lot of money to spend have taken a noticeably bullish stance on Accenture ( ACN ). Looking at options history for Accenture ( ACN ) we detected 8 trades. If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 12% with bearish. From...
End of day Bitcoin price (BTCUSD) forecast update - 14-06-2024
End of day Bitcoin price (BTCUSD) forecast update - 14-06-2024
Jun 14, 2024
Bitcoin price (BTCUSD) succeeded to achieve our waited target at 65485.00$ and attempts to break it, reinforcing the chances of extending the bearish wave on the intraday and short-term basis, noting that confirming the break will push the price to target 60330.00$ areas as a next negative station, while breaching 67080.00$ represents initial positive key that will lead the price...
The Analyst Landscape: 14 Takes On DoubleVerify Hldgs
The Analyst Landscape: 14 Takes On DoubleVerify Hldgs
Jun 14, 2024
Ratings for DoubleVerify Hldgs ( DV ) were provided by 14 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 8 0...
Copyright 2023-2025 - www.financetom.com All Rights Reserved