South Korea's Defense Acquisition Program Administration (DAPA) signed a memorandum of understanding (MoU) with Saudi Arabia on a mutual quality guarantee program for exported arms, aiming to increase bilateral defense trade. The MoU will pave the way for the export of Korean arms to Riyadh and vice versa
Russia's United Engine Corporation (UEC) has delivered the first batch of PD-14 engines for installation on the MC-21 airliner, which faced delays due to U.S
The Bundeswehr has awarded Rheinmetall a contract to deliver advanced training simulators for the German Navy. The project, known as the Distributed Naval Training Architecture (Verteilte Trainingsarchitektur der Marine, or VTAM), is valued in the mid-double-digit million euro range
French defense company Thales and Ukraines Joint Stock Company "Ukrainian Defence Industry" (UDI) have signed an agreement to create a joint venture focused on air defense systems, radars, electronic warfare systems, tactical communications, and optoelectronic solutions. The
Baykar, a Turkish drone manufacturer, and Indonesian defense company Republikorp have signed an agreement to establish a joint venture for unmanned aerial vehicle (UAV) production, assembly, and maintenance in Indonesia. The signing ceremony took place during Turkish President Recep Tayyip Erdoğans visit to Indonesia, where he met with Indonesian President Prabowo Subianto
The Netherlands has signed contracts for the purchase of eight Pilatus PC-7 MKX training aircraft and four flight simulators to replace the aging Pilatus PC-7 fleet. The PC-7 MKX is an improved and modernized version of the Pilatus PC-7 MkII
Ukraines Ukroboronprom and Polands PGZ have signed an
Indra Group has signed an agreement with Redeia Corporación to acquire 89.68% of the share capital of Hispasat, a satellite operator and service provider, for €725 million
JPMorgan Chase has blocked $2 billion transferred from Russia to Turkey as a loan for the Akkuyu nuclear power plant (NPP), following an order from the U.S
KNDS and Texelis signed a Memorandum of Understanding (MOU) concerning the proposed acquisition by KNDS France of Texelis' Defense business. Texelis is a French company producing numerous parts and mobility components for the French Army armored vehicles
CAE USA has received a contract valued at up to