India’s Defence Acquisition Council OKs $26.74B Acquisition Proposals, Including Historic Tejas Fighter...

November 30, 2023 @ 02:09 PM

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

November 22, 2023 @ 03:32 AM

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...

November 14, 2023 @ 05:04 AM

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,...

Iran's Annual Military Exports Surpass $1B

November 13, 2023 @ 01:55 PM

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...

November 4, 2023 @ 05:20 AM

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

November 2, 2023 @ 10:52 AM

Turkey and the United Arab Emirates (U.A

Ukraine’s Ukroboronprom, German Rheinmetall Establish Joint Venture 'RHEINMETALL UDI'

October 25, 2023 @ 07:15 AM

Ukraine's Defense Industry (UDI), formerly known as Ukroboronprom, has entered into a significant joint venture with Germany's Rheinmetall AG, resulting in the establishment of "Rheinmetall Ukrainian Defense Industry LLC" to jointly maintain and produce military equipment. This partnership was officially registered on October 18, 2023, and Ukraine's Prime Minister, Denys Shmyhal, made the announcement during the German-Ukrainian Business Forum in Berlin, where Germany's Federal Chancellor, Olaf Scholz, was also present

Thales Closes Deal to Buy Australian Cybersecurity Firm, Tesserent

October 5, 2023 @ 10:54 AM

Thales has completed its acquisition of Tesserent, a cybersecurity firm based in Australia. The acquisition, initially announced in June 2023, has solidified Thales's position in the cybersecurity sector, furthering its commitment to enhancing global cyber defenses

Safran Acquires Thales’ Aeronautical Electrical Systems Business

October 3, 2023 @ 06:01 AM

Safran Electrical & Power has completed buying Thales' business that makes electrical systems for planes, including power conversion, generation, and motors for both civilian and military aircraft. This buyout follows exclusive negotiations announced in September 2022

Germany's Federal Cartel Office Clears Rheinmetall-Ukrainian Defence Industry Joint Venture in Kyiv

September 29, 2023 @ 06:03 AM

Germanys Federal Cartel Office, Bundeskartellamt, cleared the way for establishing a joint venture between Rheinmetall Landsysteme GmbH and Ukrainian Defence Industry group (UDI), the former Ukroboronprom, on Thursday. Authorization from other relevant agencies has already been applied for and is expected to come shortly

Leonardo DRS to De-list from Tel Aviv Stock Exchange

September 28, 2023 @ 08:41 AM

Leonardo DRS, Inc. has announced its intention to voluntarily remove its common stock from the Tel Aviv Stock Exchange (the "TASE")