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 >
OpenText and TELUS Partner to Deliver Canadian Sovereign AI-powered Solutions for Government and Business
OpenText and TELUS Partner to Deliver Canadian Sovereign AI-powered Solutions for Government and Business
Jul 30, 2025
10:20 AM EDT, 07/30/2025 (MT Newswires) -- OpenText , an information management company, and TELUS , a communications technology company, on Wednesday launched the OpenText and TELUS Canadian Sovereign Cloud, a purpose-built, enterprise-ready solution that runs entirely within TELUS' Canadian data centers. The companies said with this offering, Canadian customers have access to enterprise grade cloud and AI capabilities, while...
SAP price buoyed by pivotal support - Forecast today - 30-07-2025
SAP price buoyed by pivotal support - Forecast today - 30-07-2025
Jul 30, 2025
SAP SE (SAP) stock rose in its recent intraday trading, following a rebound from the key support level at $285.50. This level represents the neckline of a potential bearish technical formationa double top pattern developing in the short term. The stocks rise attempts to recover part of prior losses and relieve its clearly oversold Stochastic conditions, especially as a bullish...
Ethereum at 10: What's Next for the World Computer?
Ethereum at 10: What's Next for the World Computer?
Jul 30, 2025
When Ethereum launched on July 30, 2015, it set out to be more than just another cryptocurrency. It aimed to expand the boundaries of blockchain technology itself. While Bitcoin became digital gold, Ethereum pursued a more expansive vision: to be a decentralized “World Computer”—programmable, extensible, and open-ended. A decade later, Ethereum has transformed finance, culture and software. Along the way,...
Earnings Preview For Cloudflare
Earnings Preview For Cloudflare
Jul 30, 2025
Cloudflare ( NET ) will release its quarterly earnings report on Thursday, 2025-07-31. Here's a brief overview for investors ahead of the announcement. Analysts anticipate Cloudflare ( NET ) to report an earnings per share (EPS) of $0.09. The market awaits Cloudflare's ( NET ) announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved