RTX Corporation, formerly known as Raytheon, has agreed to pay over $950 million to settle allegations of fraud and bribery, including inflated costs on contracts for Patriot missile systems and illegal payments to secure defense deals with Qatar. The allegations include inflated billing practices and illegal payments made to secure contracts with Qatar's military
Sikorsky has been awarded a $6 million contract from the Defense Advanced Research Projects Agency (DARPA) to install its ALIAS/MATRIX flight autonomy system onto the U.S
American arms manufacturers have achieved "record profits" as a result of Israel's ongoing military operations in the Gaza Strip and Western support for Ukraine, according to a recent report by the Quincy Institute for Responsible Statecraft, an American think tank focused on foreign policy. The report, released on October 9, highlights the financial performance of U
KLM Airlines CEO Marjan Rintel has urged the European Union to impose tariffs on Chinese carriers utilizing Russian airspace for flights between Europe and Asia. This route has been barred to Western airlines since 2022, following a series of flight bans imposed by Russia in response to Western sanctions
Saudi Foreign Minister Prince Faisal bin Farhan and his Egyptian counterpart Dr. Badr Al-Abdalaty have called upon Lebanon to assert “full sovereignty over its territory and carry out its responsibilities through its official institutions
The Israeli Defense Forces (IDF) have claimed to have killed 250 Hezbollah operatives amid ongoing airstrikes, as Lebanon's death toll surpasses 2,000. According to an IDF statement, "Over the last 4 days, the IDF has eliminated 2,000+ military targets and 250 Hezbollah terrorists
Raytheon has been awarded a three-year, two-phase contract by the Defense Advanced Research Projects Agency (DARPA) to develop foundational ultra-wide bandgap semiconductors (UWBGS) based on diamond and aluminum nitride technology. The project aims to enhance semiconductor electronics, with a focus on improved power delivery and thermal management for sensors and other electronic applications
The Islamic Revolution Guards Corps (IRGC) of Iran carried out a large-scale missile strike as part of Operation 'True Promise 2,' targeting what it described as “strategic centers” within Israeli-occupied territories. According to IRGC statements, 90% of the missiles fired hit their intended targets, including several strategic Israeli air and radar bases
The Danish government is establishing a defense industrial hub at its embassy in Kyiv in collaboration with Danish Industry. This initiative is aimed at strengthening strategic cooperation between Denmark and Ukraine in the defense sector, while supporting Danish defense and dual-use companies interested in expanding production or forming partnerships in Ukraine
Lockheed Martin has been awarded a