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...
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...
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. has been awarded $190 million contract by the U
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,...
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
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
Japan is set to export missiles and artillery shells to the United States and the United Kingdom, marking a significant departure from its long-standing pacifist policies. The decision comes as a former defense minister, Itsunori Onodera, advocates for the loosening of restrictions on military exports to showcase Japan's advanced defense technology on the global stage
The Defence Acquisition Council (DAC) on Thursday approved the Acceptance of Necessity (AoNs) for Capital Acquisition Proposals totaling INR 2.23 lakh crore ($26
Israel's Elbit Systems Ltd. is set to acquire a 44% stake in Adani Defence Systems and Technologies Ltd
China and Pakistan have launched the Sea Guardians-3 joint maritime exercise, including their first joint sea patrol in Karachi, with reciprocal observers and Chinese participation in the exercise alongside Pakistani anti-submarine patrol aircraft. Spanning seven days from November 11 to 17 in the waters and airspace of the northern Arabian Sea, the exercise is divided into two phases: shore-based exchanges and maritime joint operations
Iran achieved approximately $1 billion in arms exports during the last Iranian year, as revealed by Deputy Defense Minister Brigadier General Mahdi Farahi during a conference on Monday morning. Brig