Fincantieri Buys Leonardo's Submarine Business for €415M
Italian shipbuilder Fincantieri announced on Thursday the acquisition of Leonardo's Underwater Armament Systems (UAS) for an enterprise value of €415 million. The
Russia Cancels MAKS Airshow for Second Consecutive Year
The 2024 Moscow International Airshow (MAKS) has been cancelled making it the second time in two years that the prestigious event held biennially, has been cancelled in view of the ongoing Ukraine war. Scheduled to take place in Zhukovsky this summer, the show has been called off, according to three industry...
Airbus Finalises Acquisition of Flexrotor VTOL UAS Developer ‘Aerovel’
Airbus announced Tuesday that it has finalised the acquisition of U.S
U.S. Imposes Sanctions on Nearly 300 Entities Allegedly Supporting Russia's Invasion of...
The United States announced sanctions on nearly
AUKUS Countries Detail Export License Removals for Defense Manufacture
Australia, the United Kingdom, and the United States have jointly proposed significant changes to their national export control exemptions to facilitate defense industry collaboration within the AUKUS partnership. These proposed changes aim to create a license-free environment for defense-related exports among the three countries, promoting enhanced cooperation in scientific, technological, and...
Poland, Australia Strengthen Defense Ties in Warsaw Meeting
Polands Deputy Prime Minister Władysław Kosiniak-Kamysz, also serving as Minister of National Defense for Poland, met with Richard Marles, Australia's Deputy Prime Minister and Minister of Defense, in Warsaw on April 26 to discuss strengthening security and defense cooperation between the two countries. During the meeting, Deputy Prime Minister Kosiniak-Kamysz highlighted Australia's significant partnership with NATO and expressed appreciation for Australia's support in various areas, including military cooperation, humanitarian aid, and protection of transportation infrastructure, particularly in light of the Ukraine conflict
Czech Firm, RSBC Group Acquires Austrian STEYR ARMS
RSBC Investment Group has completed the acquisition of STEYR ARMS, the Austrian firearm manufacturer, on April 23. RSBC Group has acquired 100% ownership of STEYR ARMS from its previous owner, SMH Holding GmbH
Indonesia, Canada Host First Defense Dialogue to Strengthen Bilateral Relations
Indonesia and Canada held their first-ever defense dialogue, the Indonesia-Canada Defense Dialogue (ICDD), hosted by the Ministry of Defense of Indonesia at the Borobudur Hotel in Jakarta on April 22 and 23, 2024. The Indonesian delegation was led by Major General TNI Bambang Trisnohadi, Director General of Defense Strategy, while the Canadian side was led by Major General Gregory Smith, Director General of International Security at the Canadian Department of Defense
Turkey, Iraq Sign MOU on Defense Industry Cooperation
Turkey and Iraq have signed a Memorandum of Understanding (MOU) to enhance strategic cooperation between the countries in the field of defense industry. The agreement was signed during the visit of Turkish President Recep Tayyip Erdogan and Haluk Görgün, President of Turkey's Presidency of Defense Industries (SSB), to Iraq on April 22
Russian Military Base May Appear in Central African Republic
The Central African Republic (CAR) is considering deploying a Russian military base in the eastern region to enhance border security in that area. In an interview with RTVI, President Faustin-Archange Touadera expressed interest in potentially establishing a Russian military base in the eastern region of his country to bolster border security
Australia Planning A$36B-A$44B Investment into Landing Craft, HIMARS, Helicopters
Australias defense ministry is planning to invest between A$36-44 billion in acquiring landing craft, HIMARS missile systems, and helicopters for its military. This spending will enable the Army to impede a potential adversary's freedom of action, aligning with the goals outlined in the National Defense Strategy released on April 17
Argentina to Join NATO as Global Partner
Argentinas Minister of Defense, Luis Petri, met with NATO's Deputy Secretary General Mircea Geoana at NATO headquarters in Brussels on Thursday to formally initiate the process of joining the alliance as a global partner. During the meeting, Argentina presented a letter of intent to begin the process of incorporating the country into the organization, signaling its interest in contributing constructively to global security
French DGA Orders 70 New Generation Fuel Tank Trucks
U.S. Army Awards Lockheed Martin $756M for Hypersonic Weapon System Enhancements
Singapore’s F-16 Crash Caused by Gyroscope Malfunction
Is the Patriot Air Defense System Outdated?
After Israel revealed its decision to decommission its U
Russia's Growing Influence in Africa: Arms Sales and Military Bases
Russia's expanding influence in Africa, demonstrated by arms sales, military deployments, and diplomatic engagements, reflects a significant geopolitical shift on...
Development Trends in Unmanned Surface Vessels
Unmanned surface vessels (USVs) have caught the attention of the world following their spectacular success in sinking Russian warships in...
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...