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Russia Threatens to Nationalize Foreign Companies that Ceased Operations over Ukraine War

March 10, 2022 @ 09:18 AM

The “Public Consumer Initiative” has sent a list of foreign companies that could be nationalized in the future to the Russian government and countrys Prosecutor Generals Office. A host of foreign companies including McDonald's, Audo, VW and KFC could have their assets seized if the Russian begins to take action against...

Saudi Arabia to Locally Produce Components for U.S. THAAD Missile System

March 8, 2022 @ 10:05 AM

Saudi Arabias General Authority for Military Industries (GAMI) has given the nod for two projects that aim to locally manufacture components for the U.S

Amidst Ukraine War, Rosoboronexport to Participate in Saudi Arabia's First Ever Defense...

March 5, 2022 @ 10:10 AM

Russias arms exporter Rosoboronexport said it will present selections provided by 20 Russian defense industry enterprises at the debut exhibition World Defense Show 2022 in Riyadh, Saudi Arabia on March 6-9, the companys press service told the media on Saturday. Rosoboronexport's announcement comes amid Russia's invasion of Ukraine launched on February

India Postpones DefExpo 2022 Exhibition

March 4, 2022 @ 10:49 AM

The Indian Defence Ministry announced today the DefExpo exhibition which was scheduled to take place from Match 10 to 14 has been postponed. "Due to logistics problems being experienced by participants, the DefExpo 2022 proposed to be held in Gandhinagar, Gujarat from March 10th till March 14th is postponed," the ministry

India Aims to Boost Local Industry Through Defense Projects Offer

March 3, 2022 @ 11:24 AM

The Indian Ministry of Defense has offered four projects to the Indian Industry for design & development under Make-I category of Defense Acquisition Procedure (DAP) 2020. The industry will be provided financial support for prototype development of these projects

United States to Build $1B Defense HQ for Kuwait

February 23, 2022 @ 05:05 AM

The U.S

HSC and IAI Sign MoU to Collaborate on Marketing Combat Suites for...

February 14, 2022 @ 11:23 AM

Hanwha Systems Co. (HSC) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU) to collaborate on marketing combat suites for naval platforms

Naval Group, Indonesia’s PT PAL Sign Defense Cooperation Agreement

February 11, 2022 @ 07:29 AM

Frances Naval Group and Indonesias PT PAL signed a Memorandum of Understanding (MoU) seeking to leverage the capabilities of both partners to meet the growing requirements of the Indonesian Navy. Both companies are leaders in their markets and confirm their willingness to further increase their cooperation to provide solutions to meet the needs of the Indonesian Navy but also by opening a joint R&D center involving other Indonesian companies

Ukraine to Manufacture Composite Floating Dock for Turkish Shipyard

February 8, 2022 @ 08:30 AM

Ukraines Pallada Kherson State Plant, which is part of state-owned Ukroboronprom, will supply a composite floating dock with 8,500 tons of capacity under a new contract signed with Turkish company Hidrodinamik Shipyard. "This is the first Ukrainian-Turkish contract concluded after a free trade zone agreement between Ukraine and Turkey was signed by Ukraines Prime Minister Denys Shmyhal and Minister of Trade of Turkey Mehmet Mus in the presence of two Presidents — Volodymyr Zelenskyy and Recep Tayyip Erdogan,” Director of the Pallada Plant Yevhen Alkhimov said

Turkey-Ukraine Ink New Deal to Expand Joint Drone Production

February 4, 2022 @ 07:13 AM

Turkey and Ukraine inked a fresh deal aimed at expanding drone production in Ukraine besides signing the ‘historic free trade agreement (FTA) on Thursday. The FTA will reduce barriers in trade and help them reach a bilateral trade volume of $10 billion, a goal set by Turkish President Recep Tayyip Erdoğan and his Ukrainian counterpart Volodymyr Zelenskyy

Israeli MoD Revoked, Suspended 3,600 Defense Export Licenses in 2021

February 3, 2022 @ 09:09 AM

The Israeli Ministry of Defence (MoD) suspended and revoked more than 3.600 defence export licences in 2021 following a review of the target countries in terms of human rights and political stability

Indian Govt to Earmark 68% of Defence Procurement Budget for Domestic Industry

February 1, 2022 @ 08:40 AM

The Indian government said Tuesday it will invest 68% of the annual defence budget on domestic industry. “68% of the capital procurement budget for Defence to be earmarked for domestic industry to promote Aatmanirbharta and reduce dependence on imports

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