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
Truck Carrying Patriot Air Defense System Overturns in Taiwan, 2 Hurt
Rafale Jet to Detect Targets 100 Times Faster with New AI-Infused Talios
Russia’s Nuclear Weapons Testing Ground Ready to Resume Tests After 34 years
World Central Kitchen Confirms Israeli Strike on Workers
Russian Su-57 and Chinese J-20 as Alternatives to the American F-35 Stealth Fighter
As the Russian Su-57 stealth fighter jet enters serial production, the debate over how it stacks up against the American...
NATO’s Intensified Exercises a Prep to Attack Russia?
Recent NATO exercises such as the BALTOPS-24, Steadfast Defender 2024 and its first-ever Basic Fighter Maneuvers exercise have been its...
Precision in the Skies: The Evolution of Loitering Munitions
Loitering munitions - drones that hover over a target and blow up near it - have become the weapon of...
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...