Hanwha Tops World's Defense Firms in Arms Manufacture
South Korean firm Hanwha Aerospace has emerged as the standout performer during this unprecedented surge in weapons orders, with its uncompleted orders experiencing a remarkable increase of more than seven times over the course of two years. The ongoing conflict in Ukraine has fueled a surge in demand for military equipment,...
Sweden Lifts Unofficial Defense Products Embargo on Turkey
Sweden has unofficially lifted its defense products embargo on Turkey, marking the end of a strained period. The decision comes after the Turkish parliament's foreign affairs committee approved Sweden's bid to join NATO on Tuesday
China, Myanmar Re-start Bay of Bengal Deep Seaport Project
In a development aimed at bolstering economic ties and regional connectivity, China and Myanmar have officially recommenced the Bay of Bengal Deep Seaport Project in the Kyaukpyu Special Economic Zone. The Addendum to the Concession Agreement was signed at a ceremony held in Nay Pyi Taw, attended by high-profile dignitaries from...
Japan to Export Missiles, Artillery Shells to U.S., U.K
Japan is set to export missiles and artillery shells to the United States and the United Kingdom, marking a significant departure from its long-standing pacifist policies. The decision comes as a former defense minister, Itsunori Onodera, advocates for the loosening of restrictions on military exports to showcase Japan's advanced defense technology...
India’s Defence Acquisition Council OKs $26.74B Acquisition Proposals, Including Historic Tejas Fighter...
The Defence Acquisition Council (DAC) on Thursday approved the Acceptance of Necessity (AoNs) for Capital Acquisition Proposals totaling INR 2.23 lakh crore ($26
Israel's Elbit Systems to Pick Up 44% Stake in Adani Defense Unit
Israel's Elbit Systems Ltd. is set to acquire a 44% stake in Adani Defence Systems and Technologies Ltd
China-Pakistan to Conduct their First Joint Sea Patrol as Part of Sea...
China and Pakistan have launched the Sea Guardians-3 joint maritime exercise, including their first joint sea patrol in Karachi, with reciprocal observers and Chinese participation in the exercise alongside Pakistani anti-submarine patrol aircraft. Spanning seven days from November 11 to 17 in the waters and airspace of the northern Arabian Sea, the exercise is divided into two phases: shore-based exchanges and maritime joint operations
Iran's Annual Military Exports Surpass $1B
Iran achieved approximately $1 billion in arms exports during the last Iranian year, as revealed by Deputy Defense Minister Brigadier General Mahdi Farahi during a conference on Monday morning. Brig
Five South Korean Banks Considering $22B Loan to Finance Arms Sales to...
Five South Korean banks have come to the aid of Poland in their quest to acquire $22 billion worth of weapons, marking Seoul's most extensive arms deal, covering the procurement of rocket artillery systems and fighter jets. In a bid to facilitate this significant arms transaction, South Korea is harnessing the support of local banks, as the statutory limits on import-export lending have been reached
Turkey, U.A.E. Discuss Joint Defense Projects
Turkey and the United Arab Emirates (U.A
Leonardo DRS to De-list from Tel Aviv Stock Exchange
Leonardo DRS, Inc. has announced its intention to voluntarily remove its common stock from the Tel Aviv Stock Exchange (the "TASE")
Top 10 U.S. Defense Firms Receive Contracts Worth $150B in 2022
The Department of Defense Office of Local Defense Community Cooperation stated in its Fiscal Year 2022 Defense Spending by State report today that the top 10 defense firms secured U.S
Beijing Sees Red as Philippines Plans to Sink De-commissioned Chinese Origin Ship...
AeroVironment Unveils Artificial Intelligence Capability, Autonomy Kit for Drones
General Atomics' Mojave UAS Destroys Static Targets in Live-Fire Tests
Thyssenkrupp Launches Fourth Type 218SG Submarine for Singapore
Have Iran-Israel Missile Attacks Enabled Mutual Deterrence?
Iran's April 13-14 missile strike against Israel marks a paradigm shift in Tehran's approach to Israel; from previously relying on...
Free Flight to Russian Hypersonic Missiles as America's Own Hypersonics Program Delayed to 2027
As Russian Aerospace Forces pummeled Ukrainian positions in mid-March 2024 with hypersonic missiles, the Pentagon's own hypersonics program faces delays,...
Counter-trade, Undisclosed Deals May be Masking Russia’s Arms Export Numbers
A Stockholm International Peace Research Institute (SPIRI) report last week reported a steep fall in Russias arms exports- pushed to...
China’s “Moderate” 2024 Defense Budget Hides Frenetic Military Build-up
China on Tuesday revealed a draft defense budget draft for 2024 amounting to 1
Battle of Counter-Drone SAMs- Raytheon's Coyote Vs. Russian Pantsir-S1
The spectacular success of drones on the battlefield in Ukraine has prompted Russia and the United States to develop counter-measures...
Grounding of U.S. Military’s V-22 Osprey Fleet Enters Third Month
The grounding of around 400-strong fleet of Osprey V-22 Tilt-rotor aircraft is in its third month with no update on...