Hanwha Aerospace has signed a contract with the Finnish Ministry of Defence for the additional supply of K9 Self-Propelled Howitzers (SPH), valued at approximately EUR 546 million. The signing ceremony took place at the House of the Estates in Helsinki, attended by Jae-il Son, President & CEO of Hanwha Aerospace and Olli Ruutu, Director General of Resource Policy and Director of National Armaments at the Finnish Ministry of Defence
German TKMS and Canadian E3 Lithium signed a Teaming Agreement to establish a strategic framework for cooperation in support of Canadas future submarine capabilities. Under the agreement, TKMS and E3 Lithium, with the countrys largest lithium resource, will explore opportunities to leverage Canadas lithium production for strategic applications
Raytheon was awarded a $627 million contract to supply the Netherlands with Patriot air and missile defense system equipment. The direct commercial sales contract includes radars, launchers, and command and control stations
The United Engine Corporation (UEC) of Russia is developing a new engine, designated NK-3 with a thrust of 4.5 tons for an ultra-light launch vehicle to lunch small satellites in low earth orbit
Hanwha Aerospace has signed a memorandum of understanding (MOU) with Spanish defence company Indra Group to jointly offer armoured vehicle solutions for the Chilean Army and cooperate across Latin America. The signing ceremony took place at the FIDAE 2026 International Air and Space Fair in Santiago, Chile
Iran has declared a "historic and crushing defeat" of the United States and the Israeli regime after 40 days of war, announcing that Washington has been forced to accept a 10-point Iranian proposal that includes a permanent ceasefire, the lifting of all sanctions, and the withdrawal of US combat forces from the region. In a statement addressed to the "noble, great, and heroic nation of Iran," the Supreme National Security Council said the enemy had suffered an undeniable defeat and now saw "no way forward but to submit to the will of the great nation of Iran and the honorable Axis...
President Donald Trump today announced a “Double-Sided” Ceasefire with Iran and the suspension of bombing operations to civilian infrastructure for a period of 2 weeks. Tehran is yet to respond to Trumps posting on X @Truthsocial
The Korean government has agreed to transfer one of the six prototypes of the KF-21 Boramae fighter jet to Indonesia, its partner in the joint development program. The transfer will happen after Jakarta makes full payment by June this year
An agreement will be signed soon between the Israeli MoD and Israel Aerospace Industries (IAI) to significant increase the production rate and quantity of interceptors of the Arrow system in view of the war against Iran. The Arrow system is developed and manufactured in cooperation with the US Missile Defense Agency (MDA), intercepts ballistic threats, a MoD press release said Monday
The Pentagon has committed over $600 million to procure counter-unmanned aircraft systems capabilities in support of Operation Epic Fury against Iran, the FIFA World Cup and homeland defense. In support of Operation Epic Fury, the Joint Inter-Agency Task Force (JIATF) committed $350 million during the first month of combat operations to meet urgent requirements from U