Defense

Expert Voices

Ignoring North Korean missile tests could hamper nuclear talks

woman standing next to a television showing a missile launch
Footage of a North Korean missile launch playing on a television in Seoul, South Korea. Photo: Jung Yeon-Je/AFP/Getty Images

Less than a month ago, President Trump was standing on North Korean soil with Kim Jong-un. This week, North Korea carried out 2 more tests of an advanced missile first shown in May, but to a longer range — demonstrating that its arsenal continues to improve even as disarmament talks nominally continue.

Where it stands: South Korean President Moon Jae-in has spoken of disarmament and peace as “irreversible” processes, and Trump apparently assumes that the specifics of an agreement will sort themselves out, thanks to his personal relationship with Kim Jong-un. But it's clear that Kim has other plans.

Advent to buy Cobham for £4 billion, setting up potential regulatory scrutiny

Advent International has agreed to buy Cobham (LSE: COB), a British defense and aerospace group known for developing air-to-air refueling technology. The deal is valued at £4 billion, or 165 pence per share ⁠— 35% premium to yesterday's closing price.

Why it matters: The deal could come under severe political and regulatory scrutiny in the U.K., just as Boris Johnson takes over as prime minister. Expect particular focus on possible layoffs and broader defense manufacturing sector impact, similar to debate last year when Melrose Industries bought GKN.