South Korea, U.S. Finalize New Defense Cost-sharing Agreement for 2026-2030
Seoul and Washington have finalized a new defense cost-sharing agreement that will cover the period from 2026 to 2030, the South Korean Foreign Ministry announced on Friday. The agreement, reached after five months of negotiations, will determine how the two allies share the financial burden of maintaining U
Denmark Signs Agreement with Kyiv to Finance $629 Million Weapons Production in
Danish Defense Minister Troels Lund Poulsen together with Ukrainian Defense Minister Rustem Umerov and Minister for Strategic Industries Herman Smetanin signed a letter of intent in Kyiv today to proceed with cooperation on specific acquisitions by Ukrainian defense companies for a total of around DKK 4.2 billion ($629 million)
South Korea, Australia Sign MOU to Boost Defense and Space Cooperation
The Defense Acquisition Program Administration (DAPA) of South Korea recently signed a Memorandum of Understanding (MOU) with the Australian Strategic Policy Institute (ASPI) to enhance cooperation in the defense and space sectors. The South Korean arms procurement agency
Denmark May Invest in Ukrainian Drone Factories with Income from Frozen Russian...
Denmark may be considering investing income from frozen Russian assets in Ukrainian companies that manufacture drones and other military hardware. Danish Defense Minister Troels Lund Poulsen was in Ukraine on September 13-14 to visit companies that produce long-range drones for Ukraine's defense, a Danish MoD release said
Indian MoD Approved $17 Billion Worth Defense Procurement Projects
Indias Defence Acquisition Council (DAC), approved 10 capital acquisition proposals amounting to Rs 1,44,7160 crore ($ 17 Billion). Of the total approvals, 99% is from indigenous sources under Buy (Indian) and Buy (lndian-Indigenously Designed Developed and Manufactured) categories, an official release said
U.S., India Sign Security of Supply Arrangement to Strengthen Defense Partnership
The Department of Defense (DoD) of the United States and the Ministry of Defence of the Government of India (IN MoD) have entered into a bilateral Security of Supply Arrangement (SOSA), marking a significant step in the defense cooperation between the two nations. The agreement, which is non-binding, was signed by Dr
Anduril Industries Secures $1.5B for Defense Manufacturing Expansion
Anduril Industries has announced securing $1.5 billion in funding for its Series F round to scale up defense manufacturing
China's AVIC is World's Number 2 Defense Firm in Revenue
The Aviation Industry Corporation of China (AVIC) has secured the second spot in the "Defense News Top 100 for 2024" list, surpassing other global defense firms. The annual rankings, published by U
Russia Increases Artillery Guns, Ammunition Production tenfold in 2023 over 2022
Russian arms manufacturers have increased the production of artillery guns and their ammunition by upto ten times in 2023 over 2022, marking the biggest increase since the start of the Ukraine war. Rostec CEO Sergey Chemezov presented the company's 2023 performance to Russian President Vladimir Putin
Germany to Buy Light Attack Helos, F127 Frigate, Short-range Air Defense Systems
The German Defense Ministry has announced plans to acquire a light attack helicopter, an F127 frigate, and an air defense system for short- and very short-range threats. The details were outlined in the
MBDA, U.K. MoD Initiate Complex Weapons Portfolio Management Agreement-2
The U.K
Romania to Buy F-35A Jets for Over $6B in 2024: Report
Romania is planning to allocate $6.5 billion for the acquisition of two squadrons of F-35A fighters this year, as part of a $13 billion military modernization effort
Damen Shipyards Begins Construction of Multi-Purpose Vessel for Portuguese Navy
Indonesia’s Air Force Materiel Command, PTDI Sign Cooperation Agreement for C-130 Hercules...
European KNDS Opens Subsidiary in Ukraine
Israel Kills Hezbollah Communications Chief Tied to Pager Blast Intelligence Lapse
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...
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...