Leonardo DRS to De-list from Tel Aviv Stock Exchange

September 28, 2023 @ 08:41 AM

Leonardo DRS, Inc. has announced its intention to voluntarily remove its common stock from the Tel Aviv Stock Exchange (the "TASE")

Top 10 U.S. Defense Firms Receive Contracts Worth $150B in 2022

September 27, 2023 @ 06:12 AM

The Department of Defense Office of Local Defense Community Cooperation stated in its Fiscal Year 2022 Defense Spending by State report today that the top 10 defense firms secured U.S

Pakistan, Turkey, Saudi Arabia Hold First Tripartite Defense Cooperation Meeting

August 24, 2023 @ 10:17 AM

The Saudi-Turkish-Pakistani Tripartite Committee held its first meeting in

Rooboronexport Signs Export Contracts Worth $600 Million at Army 2023

August 19, 2023 @ 06:04 PM

Russias Rosoboronexport signed contracts worth $600 million with several foreign customers at the Army 2023 event in Moscow. It reached agreements on the joint production of Kalashnikov assault rifles, armored vehicles, guided missiles on the territory of customers, besides the installation of Russia-made combat modules of various calibers on the chassis...

Brazilian and Saudi Defense Companies Eye Joint Ventures, Technology Transfers

August 11, 2023 @ 05:37 AM

Brazilian industry association FIESP said several Brazilian and Saudi defense companies have signed agreements that could lead to joint ventures and technology-sharing agreements. The Saudi businesses involved in the potential effort are Scopa Defense and Alqahtani Holding, and the Brazilian firms are weapon manufacturer Taurus, rocket and missile maker Avibras, aircraft...

Under Shadow of Ukraine War, Rosoboronexport to Display 'Battle-Tested' Weapons at ARMY-2023

August 10, 2023 @ 02:24 PM

A range of “battle-tested” weapons will be showcased by Russias Rosoboronexport at the upcoming VIII Army 2023 International Military-Technical Forum to be held from August 14-20 at the Patriot Exhibition and Convention Center. The company has allocated a dedicated section at its stand for weapons that have been “successful” against Western weapons, probably hinting at their performance in the Ukraine war

Pakistan Aerospace Park, Turkish Drone-maker Baykar Sign Cooperation Agreement

August 5, 2023 @ 11:08 AM

Pakistans National Aerospace Science and Technology Park (NASTP), which was officially opened on August 4 signed a cooperation agreement with Turkish Drone maker, Baykar for R & D. With the R&D studies that Baykar will carry out within NASTP, the foundation of the comprehensive cooperation to be carried out in the future has been laid

Russian MoD to Sign Contracts Worth $4.7B at Army 2023 Show

August 1, 2023 @ 07:21 AM

Russia's Defense Ministry plans to conclude contracts worth more than 433 billion rubles ($4.7 bln) at the Army-2023 International Military-Technical Forum to be held in Moscow later this month

Poland Seeks $15B loan from South Korea to Fund Arms Purchase

July 29, 2023 @ 06:39 AM

The Polish government has requested a loan worth 20 trillion won ($15.6 billion) from South Korea to finance a major defense purchase

Moscow Prepares to Hardsell "Battle Tested" Drones at Russia-Africa Forum

July 26, 2023 @ 06:48 AM

Rosoboronexport will exhibit popular “battle-tested” drones at an exhibition that will be part of the second Russia-Africa Forum slated to take place in St. Petersburg from July 27-28

Netherlands Lifts Defense Export Restrictions Imposed on Turkey, Saudi Arabia and U.A.E....

July 19, 2023 @ 10:28 AM

The Netherlands on Tuesday lifted the ban on arms sales to Turkey, Saudi Arabia and the United Arab Emirates. The Dutch Foreign Ministry, Defense Ministry and the Economy and Climate Affairs Ministry released a joint statement on the lifting of restrictions