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Eve Air Mobility Secures $94M in New Equity Financing for eVTOL Development

July 1, 2024 @ 12:31 PM

Eve Air Mobility, a global electric vertical take-off and landing (eVTOL) aircraft manufacturer and services provider, has announced $94 million in new equity financing from multiple investors. This funding includes the issuance of new shares of common stock and warrants, with participation from a diverse group of global industrial companies, including Embraer and Nidec, as well as additional financial investors
Sweden, U.S. Lobby to Sell Gripen, F-16 Fighter Jets to Thailand

June 30, 2024 @ 01:02 PM

The United States and Sweden have commenced lobbying to sell fighters to Thailand which is looking to replace its ageing F-16s and Gripen jets. Prime Minister Srettha Thavisin said on June 30 Sunday that the U
Italian Navy Orders Fourth Fincantieri U212NFS Submarine

June 29, 2024 @ 04:33 AM

The Organisation Conjointe de Coopération en matière dArmement (OCCAR) has exercised an option to build the fourth new-generation submarine under the U212NFS (Near Future Submarine) program for the Italian Navy. The
DARPA Unveils XRQ-73 in SHEPARD Program for Next-Generation Unmanned Aircraft

June 26, 2024 @ 05:54 AM

The Defense Advanced Research Projects Agency (DARPA) has announced that the Series Hybrid Electric Propulsion AiRcraft Demonstration (SHEPARD) programme aircraft received its official designation, XRQ-73. The
Korean Army Deploys Self-Propelled Crossing Equipment for Enhanced Mobility

June 12, 2024 @ 09:33 AM

The Defense Acquisition Program Administration (DAPA) has announced the deployment of Korean self-propelled crossing equipment to the Army's 7th Mobile Corps crossing group. This marks the first deployment of this technology, aimed at facilitating the rapid crossing of river obstacles by mobile units
South Korea Develops New Coastal Surveillance Radar System

June 10, 2024 @ 09:52 AM

South Koreas Defense Acquisition Program Administration (DAPA) announced today that the Coastal Surveillance Radar-II (GPS-240K) was officially deemed suitable for combat use as of Monday, June 3, 2024. The system was developed in 30 months
South Korea Opens Talks to Export KF-21 Jets to the Philippines

May 13, 2024 @ 06:39 AM

A South Korean delegation attending the DSA-2024 event in Malaysia last week engaged with their counterparts from the Philippines to explore the potential export of the KF-21 fighter jet and submarines, in addition to discussing an increased procurement of FA-50 fighters. According to an official
Malaysia to Order More South Korean FA-50 Jets?

May 13, 2024 @ 05:01 AM

Malaysia is reportedly considering acquiring additional FA-50 combat aircraft from Korea Aerospace Industries (KAI), one year after purchasing 18 units in the Block 20 configuration. In an official
Iran Claims 240 NATO Fighter Jets Scrambled to Shield Israeli Bases During...

May 6, 2024 @ 08:01 AM

Major General Gholam-Ali Rashid has claimed that during Iran's retaliatory strikes against Israel last month, 240 fighter jets from the U.S
Italy to Transfer SAMP/T Air Defense Systems to Ukraine

May 3, 2024 @ 01:18 PM

Italy has announced the inclusion of an additional battery of the SAMP/T air defense system in its latest military aid package to Ukraine. This development was reported by

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