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Hanwha Enters Defense Cooperation MOU with Saudi Arabia

February 13, 2024 @ 05:26 AM

Hanwha Aerospace and Hanwha Systems have entered into a memorandum of understanding (MOU) for defense industry cooperation with the Saudi Ministry of National Defense, as announced during the 'World Defense Show 2024 in Riyadh, Saudi Arabia. Hanwha said in a statement on February 13 that the signing ceremony, which took place...

South Korea, Qatar Ink Initial Defense Cooperation Agreement

February 7, 2024 @ 01:27 PM

South Korea and Qatar have solidified their commitment to enhanced defense collaboration through the signing of an initial agreement during talks between their defense chiefs. Defense Minister Shin Won-sik signed the memorandum of understanding (MOU) during his meeting with Qatar's Deputy Prime Minister Khalid bin Mohamed Al Attiyah in Doha

Ecuador’s Russian Mi-17 Helicopters Could Interest Ukraine the Most

February 7, 2024 @ 12:05 PM

Even after Moscow imposed “banana sanctions on Ecuador, the latter has shown no inclination of reversing the supply of “scrap metal” Russian military equipment to Ukraine in exchange for receiving $200 million worth of new gear from the U.S

U.K., Saudi to Collaborate on Air Defense Capabilities, Drones & Missiles

February 6, 2024 @ 08:28 AM

The United Kingdom and Saudi Arabia on Monday announced the creation of a "Strategic Capability Partnership Committee," with a focus on developing cooperation in equipment and industry, research and development, and training. A particular focus for planned collaboration will be land-based systems including air defense capabilities and armored vehicles, uncrewed aerial...

South Korea, Saudi Arabia Forge Defense Industry Collaboration Through MOU

February 6, 2024 @ 08:22 AM

South Korea and Saudi Arabia have recently taken a step towards defense industry cooperation by signing a memorandum of understanding (MOU) on mid- to long-term collaboration. The agreement was inked by Defense Acquisition Program Administration Director Eom Dong-hwan and Saudi Arabia's Vice Minister of National Defense, Talal Abdullah Al-otaibi, in the presence of Minister of National Defense Shin Won-sik in Riyadh on February 4

Saudi Arabia, Leonardo Forge Defense Partnership at World Defence Show

February 6, 2024 @ 05:58 AM

The Ministry of Investment (MISA) of the Kingdom of Saudi Arabia, the General Authority for Military Industries (GAMI), and Leonardo revealed the signing of a Memorandum of Understanding (MoU) at the ongoing World Defence Show in Riyadh. The MoU aims to facilitate discussions, development, and evaluation of investment and collaboration opportunities within the defense and aerospace sector

Ukroboronprom, Lithuania to Develop Optical and Electronic Jamming Systems

January 11, 2024 @ 03:19 PM

Ukroboronprom, Ukraine's state-owned defense conglomerate has officially announced its collaboration with four prominent Lithuanian defense companies, specializing in the development of optical and electronic jamming systems. The strategic partnership was unveiled through a statement posted on Ukroboronprom's official Facebook page

V2X, Inc. Secures $190 Million Contract to Enhance U.S. Army Readiness in...

January 6, 2024 @ 10:33 AM

V2X, Inc. has been awarded $190 million contract by the U

Hanwha Tops World's Defense Firms in Arms Manufacture

December 29, 2023 @ 07:28 AM

South Korean firm Hanwha Aerospace has emerged as the standout performer during this unprecedented surge in weapons orders, with its uncompleted orders experiencing a remarkable increase of more than seven times over the course of two years. The ongoing conflict in Ukraine has fueled a surge in demand for military equipment, propelling the world's leading arms manufacturers to amass a record number of orders

Sweden Lifts Unofficial Defense Products Embargo on Turkey

December 27, 2023 @ 12:58 PM

Sweden has unofficially lifted its defense products embargo on Turkey, marking the end of a strained period. The decision comes after the Turkish parliament's foreign affairs committee approved Sweden's bid to join NATO on Tuesday

China, Myanmar Re-start Bay of Bengal Deep Seaport Project

December 27, 2023 @ 09:57 AM

In a development aimed at bolstering economic ties and regional connectivity, China and Myanmar have officially recommenced the Bay of Bengal Deep Seaport Project in the Kyaukpyu Special Economic Zone. The Addendum to the Concession Agreement was signed at a ceremony held in Nay Pyi Taw, attended by high-profile dignitaries from both nations, Myanmars government announced on December 27

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