Indian governments fiscal 2016-17 budget has hiked the defence budget by 5.8% allocating INR86000 Crore (US$12 billion) for capital expenditure which include money for equipment purchase
Lockheed Martin has cut $600 million off from its next lot of 90 F-35 Joint Strike Fighter planes, President Trump said Monday Lockheed Martin cut $600 million off the cost of the F-35 fighter jet program, which was repeatedly criticized by President Donald Trump for cost overruns as well as delays since his election run
North Korea, India and Pakistan launched a total of about 37, some capable of carrying nuclear weapons in 2016 making it one the busiest years for medium-to-long-range missile tests in recent memory. North Korea reportedly carried out about 25 medium to long range missile test launches of which just one was claimed as a success by Pyongyang
Thai government has approved its Navys plan to procure S26T (Thailand) submarines from China, and has allocated THB13.5 billion (USD383 million) to support first of three
US has approved to spend $23 million to provide new components for several hundred MIM-72 surface to air missiles (SAMs) that Taiwan purchased from the Americans in the 1980s. These missiles were used on the 90 Chaparral air-defense missile systems Taiwan purchased
Turkey's state-owned Machines and Chemical Industries Board (MKEK) has delivered first 500 locally produced assault rifle MPT-76 to the Turkish Land Forces Command (TLFC) Wednesday. The rifles delivered on 11 January are the first batch from a 2015 deal which will see the production of around 35,000 MPT-76s for the TLFC, Naval Forces Command, and the Gendarmerie General Command
South Korea is planning to develop a laser weapon system by 2020 to counter the threats posed by North Korea's unmanned aerial vehicles. “We will develop laser technology by next year to shoot down aerial drones as part of its broader laser weapon system
Russia has sold military tanks worth US $2.5 billion in 2016
Raytheon has won a $600 million contract from undisclosed country to upgrade the Patriot Integrated Air and Missile Defense System from an unidentified country to the most advanced configuration available. The Configuration 3+ with Post Deployment Build 8 software and hardware enables the Patriot to use the PAC-3 missile Segment Enhancement interceptor, which provides greater range and mobility in destroying tactical ballistic missiles, the company announced Thursday
Australian farmers are opposed to selling their land for proposed Singapore Armys military training site in northern Queensland. The planned site, which will increase the presence of Singapore Armed Forces (SAF) soldiers training in Australia, will involve the sale of 200,000ha of farmland by 23 farmers, said a report in The Sunday Times