South Korea's Hanwha Group signed a conditional memorandum of understanding (MoU) with Daewoo Shipbuilding & Marine Engineering (DSME) to acquire a controlling stake of 49.3% and managerial control of the shipbuilder
Russias President Vladimir Putin claims the country has exported weapons worth more than $6 billion in the last six months. Putin has praised the performance of Russian defense industry in the world market
Russias state-owned Rosoboronexport will be exhibiting a variety of military equipment, including tanks, assault rifles and drones, the AFRICA AEROSPACE & DEFENCE (AAD) 2022 from September 21 to 25 at Air Force Base Waterkloof Centurion in Pretoria, South Africa. “Sub-Saharan Africa is now among the growth leaders in the level and...
Saab has committed to becoming a minority shareholder in the Swedish electric aircraft manufacturer Heart Aerospace with a $5 million investment. Saab and Heart Aerospace have also signed a collaboration agreement regarding the supply of subsystems and the exploration of further areas of collaboration, including certification and manufacturing
The U.S
South Koreas defense ministry has left out the project to construct a light aircraft carrier for its Navy in 2023s budget, to make way for 9.4% increase to establish a three-axis defense system to counter Norths missiles
Ukrainian State Concern "Ukroboronprom" signed a framework agreement on cooperation with the American corporation Honeywell. Cooperation will cover the following areas: aviation, UAVs, navigation and radars, a Ukroboronprom release said
Rosoboronexport will organize a joint Russian exposition at the ADEX 2022 International Defense Industry Exhibition, which will be held on September 6-8 in Baku (Azerbaijan). At the exhibition, Rosoboronexport will demonstrate the Il-76MD-90A(E) military transport aircraft, the Su-35 multipurpose fighter, the Ka-52(E) combat reconnaissance and attack helicopter, the Mi-35M transport and combat helicopter, combat tank support vehicle BMPT "Terminator", self-propelled howitzer "Msta-S" for NATO caliber 155 mm, anti-aircraft missile system "Buk-M2E" and SPTRK "Chrizantema-S"
South Koreas defense ministry
In a hearing of the U.S
Foreign buyer interest in Russian weapons has increased after their performance in Ukraine going by the number of international delegations visiting the just-concluded Army 2022 arms show near Moscow. According to Dmitry Shugaev, Director of Federal Service for Military-Technical Cooperation (FSMTC), “the special military operation in Ukraine has significantly increased the interest of foreign partners in Russian weapons
In the biggest tranche of security assistance for Ukraine to date, the U.S