S.Korean Hanwha Group Set to Acquire Daewoo Shipbuilding in a $1.39 Billion...
South Korea's Hanwha Group signed a conditional memorandum of understanding (MoU) with Daewoo Shipbuilding & Marine Engineering (DSME) to acquire a controlling stake of 49.3% and managerial control of the shipbuilder
Saab Picks Minority Shareholding in Swedish Electric Aircraft Maker, Heart Aerospace
Saab has committed to becoming a minority shareholder in the Swedish electric aircraft manufacturer Heart Aerospace with a $5 million investment. Saab and Heart Aerospace have also signed a collaboration agreement regarding the supply of subsystems and the exploration of further areas of collaboration, including certification and manufacturing
AeroVironment Acquires UAS Navigation Solutions Provider ‘Planck’
AeroVironment has acquired Planck Aerosystems, Inc. (“Planck”), a provider of advanced unmanned aircraft navigation solutions
Israel’s Rafael Acquires U.S.-Based Electro-Optic Systems Manufacturing Company ‘PVP AEO’...
Israels Rafael Advanced Defense Systems Ltd. said it has completed the acquisition of PVP Advanced EO Systems, Inc
Leonardo DRS, Israeli Electronics Firm RADA Announce Merger
Leonardo DRS, the U.S
Russian Successor to McDonald’s Picks New Logo
The fast-food service, which will replace America's McDonalds in Russia, has selected a new logo. Sistema PBO, the company that now manages the Russian business previously owned by McDonalds, is preparing to reopen its first string of restaurants in Moscow on June 12
U.S. Thailand sign First International Armaments Cooperation Collaboration Agreement
The U.S
Rheinmetall, KMW Form JV in Lithuania to Maintain NATO Armored Vehicles
Rheinmetall and Krauss-Maffei Wegmann (KMW) have established a joint venture in Lithuania for providing comprehensive logistical support for combat vehicles belonging to the NATO nations stationed in the Baltic States. Known as Lithuania Defense Services, the company will commence operations in Jonava in May 2022
Poland, Czech Republic Discuss Joint Defense Equipment Procurement
The defence ministers of Poland and the Czech Republic signed an agreement on mutual military cooperation and the arms industry. On Friday, the June 3th in Prague, Minister Mariusz Blaszczak took part in intergovernmental Polish-Czech consultations, during which he met with the Czech Minister of Defence, Jana Cernochova
Lumibird to Acquire Saab’s Laser Rangefinder Business
Saab AB and European Lumibird SA completed a transaction Tuesday whereby Lumibird, through a newly established Swedish subsidiary based in Gothenburg, is acquiring Saabs laser rangefinder business. The transaction, which was signed in March 2021, was subject to a number of conditions, all of which now have been fulfilled
Kalashnikov Rifle Manufacturing in India Going as Planned, Delayed in Venezuela
Plans to manufacture the Kalashnikov rifles in India is going as per plan but is hit by delays in Venezuela, Vladimir Lepin, general director of the company was quoted as saying in a report by
Leonardo DRS to Transfer Ownership of Advanced Acoustic Concepts JV to Thales
Leonardos U.S
France Deploys Upgraded Mirage 2000D RMV in Africa's Sahel Region
Foreign Pilots can Fly Ukrainian Warplanes
U.S. Treasury Sanctions Myanmar, Targets Jet Fuel Suppliers
European Defence Agency’s Airbus A330 Fleet Now Deployable Worldwide
Ukraine, Russia Brace for Major Tank Battles
The coming months could see major tank battles between Ukraine and Russia as Kyiv has received or is expected to...
How Russia’s Tornado-S MLRS is Outgunning & Outnumbering HIMARS in Ukraine
Russias "Tornado-S" Multiple Launch Rocket System (MLRS) has a greater range, a highly accurate guidance system and is deployed in...
The Rise and Rise of South Korea’s Arms Exports
South Koreas defense exports more than doubled from $7 billion in 2021 to over $15 billion in 2022 so far,...
Is Superior Electronic Warfare Capability Giving Russia an Edge in Ukraine?
Russia has deployed a variety of electronic warfare (EW) systems in its war with Ukraine causing disruptions of communications between...
