A Danish legal inquiry into the Ministry of Defence's (MOD) procurement of fire support systems from Elbit Systems has revealed procedural errors and a lack of oversight, raising concerns about transparency and fairness in the acquisition process. The Danish law firm Bruun & Hjejle has completed an investigation into the Danish...
The Netherlands government has allocated an additional
The implementation of the unification of the national payment systems of Iran and Russia began today with the domestic MIR officially connected to the Iranian Shetab system. This is the first tie-up for ATM transfer with a foreign country ever since Russia was cut-off from SWIFT after the Ukraine war began...
The U.S
Former CEO of United Engine Corporation, Vadim Badekha will take over military and civil aircraft maker, UAC following the resignation of Yuri Slyusar who has been appointed acting governor of the Rostov region. Alexander Grachev, the head of UEC-Klimov, will replace Vadim Badekha as CEO of United Engine Corporation (UEC)
Watch Video The Islamic Revolution Guards Corps (IRGC) Ground Force reportedly neutralized four “terrorist” teams during a military exercise in Irans Sistan and Balouchestan province, killing four and capturing four others
The U.K
Indras Board of Directors approved the acquisition of a 51.001% majority stake in TESS Defence (TESS) on September 30
The U.S
The United Kingdom is set to manufacture artillery gun barrels for the first time in 10 years, and develop new long-range strike weapons, as part of a new defense agreement with Germany. The deal, known as the
RTX Corporation, formerly known as Raytheon, has agreed to pay over $950 million to settle allegations of fraud and bribery, including inflated costs on contracts for Patriot missile systems and illegal payments to secure defense deals with Qatar. The allegations include inflated billing practices and illegal payments made to secure contracts with Qatar's military
Airbus Defence and Space plans to reduce up to 2,500 positions in its workforce by mid-2026 due to ongoing challenges in the defense and space sectors. The company said it will reduce positions, especially in the Space Systems segment, where significant financial charges were recorded in 2023 and 2024