UAEs EDGE Group signed an agreement on Tuesday to acquire a controlling stake in Italian engine maker CMD (Costruzio ni Motori Diesel), just months after the Atella based company bought back 67% of its shares previously held by Chinese engine conglomerate, Loncin Motor Co. Ltd
The U.S
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The war against Iran appears poised for a major escalation as Iran fires warning shots at US warships and closes the Strait of Hormuz, the US said it shot down six Iranian missile boats. The UAE tonight said it repulsed a missile and drone attack from Ira n
The Swiss government is pursuing the acquisition of an additional long-range air defence system, to complement US Patriot following delivery delays of the American system. Last week it sent out request for information (RFI) to five manufacturers in four countries – Germany, France, Israel and South Korea, Kaj-Gunnar Sievert, spokesman for the Federal Armaments Office (Armasuisse), told the Keystone-ATS news agency on Saturday
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China is shaken by a Japanese government plan to revise the rank titles of its Self-Defense Forces (SDF) officers to that held by officers of the Imperial Japanese Army who committed some of the worst atrocities during World War II. The Japanese government recently finalized a plan to revise the rank titles of Self-Defense Forces (SDF) officers and intends to submit the relevant amendment bill to the Japanese parliament within this year
Peru announced the signing of a contract with Lockheed Martin to purchase F-16 Block 70 fighter jets after its interim president Maria Blacazar reversed an earlier decision to defer the purchase to the next elected government. Two cabinet-level ministers in Peru have resigned after interim President Jose Maria Balcazar announced he would defer a decision to buy F-16 fighter jets from the United States company Lockheed Martin
Iran has received revenue from tolls for ships crossing the Strait of Hormuz for the first time, Parliament Deputy Speaker Hamid Reza Hajibabai stated Thursday. "The first revenue received from tolls in the Strait of Hormuz has been transferred to the Central Bank's account," Hajibabai noted
The Japanese government today approved the export of weapons effectively ending its self-imposed ban on lethal weapons export. According to the approved changes, all defense equipment will be divided into "weapons" and "non-weapons" categories depending on the presence of lethal properties, Kyodo news reported