The Indian government said Tuesday it will invest 68% of the annual defence budget on domestic industry. “68% of the capital procurement budget for Defence to be earmarked for domestic industry to promote Aatmanirbharta and reduce dependence on imports
The U.S
China has donated RMB 130 million ($20.5 million) worth military aid to the Philippines, a country it is involved in a dispute over control over parts of the South China Sea
France and Greece signed the roadmap for the ‘strategic partnership deal forging deeper military relationship between the two countries to defend shared interests in the Mediterranean. “On January 21 during an official trip to Greece, Army General Thierry Burkhard, Chief of Staff of the Armed Forces, and General Konstantinos Floros, Chief...
Shareholders of the Russian state-owned United Aircraft Corporation (UAC) approved the merger of two subsidiary aircraft manufacturing companies, JSC Sukhoi Company and JSC RAC MiG, into UAC. The majority of shareholders voted for the reorganization of UAC in the form of joining Sukhoi and MiG to it during an extraordinary meeting of shareholders held on January 17, 2022
In an informal meeting of the EU foreign and defense ministers held in Brest on 12 and 13 January, the officials decided to adopt the “Strategic Compass” by March 2022. Europes “Strategic Compass” proposes a number of initiatives to enable the European Union to act in the security and defense domain and confront the many challenges impacting European interests
The United States and Japan will soon sign a deal on collaborating more closely in R&D of defense-related technologies, including ways to counter threats from hypersonic weapons. This was announced ahead of January 6-7 virtual U
Leonardo completed the acquisition of 25.1% of the shares in HENSOLDT AG, a leading German player in the field of sensors for defence and security applications, with an expanding portfolio in sensors, data management and robotics, for a cash consideration of €606 million
Elbit Systems Emirates Limited based in the U.A
Russian drone maker, "Kronstadt" has set up Russias first all-new aircraft factory in the post-Soviet era to manufacture its Orion and other drones. Construction of the factory in Dubna near Moscow which began earlier this year was completed in December
Korea Research Institute for Defense Technology Planning and Advancement (KRIT) claimed in an annual report issued Monday that Seoul was the world's 9th-largest arms exporter in the 2016-2020 period. As per information published by the government in the Global Defense Market Yearbook 2021, South Korea accounted for 2