BAE Systems has finalized the acquisition of Malloy Aeronautics, a company specializing in heavy lift drone and aeronautical technologies. This move is part of BAE Systems' broader strategy to invest in technologies and augment its capabilities in the uncrewed aerial systems (UAS) sector
Rheinmetall is set to acquire a 72.5% majority holding in Automecanica Mediaș, a Romanian vehicle maker, as part of its ongoing expansion in Central Europe
Airbus U.S
John Cockerill, a supplier of light tank turrets and simulation systems, has entered an exclusive agreement with the Volvo Group to acquire Arquus, Frances primary military vehicle supplier. The
Airbus Helicopters and Aerovel have inked an agreement for Airbus to acquire Aerovel and its unmanned aerial system (UAS), Flexrotor. The move is part of Airbus' strategic plan to bolster its portfolio of tactical unmanned solutions
Ukroboronprom, Ukraine's state-owned defense conglomerate has officially announced its collaboration with four prominent Lithuanian defense companies, specializing in the development of optical and electronic jamming systems. The strategic partnership was unveiled through a statement posted on Ukroboronprom's official Facebook page
V2X, Inc. has been awarded $190 million contract by the U
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, propelling the world's leading arms manufacturers to amass a record number of orders
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
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 both nations, Myanmars government announced on December 27
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 on the global stage
Germany's Diehl Defence officially announced its acquisition of Allweier, a precision parts manufacturer based in Überlingen. The company said it will take over Allweier on January 1, 2024