Defense Industry
Turkish Asalsan Named Among the Top 50 Defense Company in the World
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Arms export
Defense Industry
Israeli Elbit Systems Profit Surges Amid Global Arms Demand
Israeli defense giant Elbit Systems saw its quarterly profit surge and sales increase bolstered by growing demand from the Israeli military amid the fighting with Hamas terrorists in Gaza and Iran-backed Hezbollah in Lebanon. The […]
Europe
Export potential is the Key to arms procurement, says British ministry of defense
Export potential of new equipment key for MoD procurement shake-up, says ministerChange is part of reforms aimed at improving UK’s disastrous record in buying kit and weapons. The export potential of new equipment will become […]
Africa
Poor battlefield performance and sanctions on Russia forced African countries to seek military hardware from China
Images of wrecked and abandoned vehicles – casualties in Moscow’s invasion of Ukraine – are calling into question the quality and reliability of Russian-made military hardware. A recent report by the Singapore-based ISEAS-Yusof Ishak Institute […]
Europe
German Arms Export Reaches $8.01 Billion, 30% Growth In Six Months
Russia’s war in Ukraine and increased sales to Saudi Arabia helped German arms exports to reach $8.01 billion in the first half of the year. Arms exports from Germany rose 30% in the first six […]
Americas
U.S. Department Of Commerce Scaling Back Licensing Requirement For UK And Australia Under AUKUS Agreement
The U.S. Commerce Department is scaling back export control requirements for Australia and the United Kingdom to foster defense trade under the three countries’ AUKUS security pact, reducing licensing burdens for trade valued at more […]
Defense Industry
Russia cannot export arms anymore, bleak prospects of Russian arms industries
Russia’s once-potent arms export industry is collapsing amid the pressures of its war on Ukraine and a struggling economy, according to new data released by the Stockholm International Peace Research Institute (SIPRI) on Sunday. The […]
Defense Industry
South Korea Announced $262.8 Billion Defense Budget For Five Years
South Korea plans to spend 346.7 trillion Korean won ($262.8 billion) in the next five years to bolster its defense capabilities amid, according to the country’s Defense Ministry. The ministry announced its 2024-2028 midterm defense […]
Middle East
Ukraine War: U.S. Arms Makers Dominated Dubai Air Show As Failed To Conclude A Single Sale
U.S. arms makers dominated last week’s Dubai Airshow, as Russia failed to report a single sale, with one executive claiming the country had been sidelined from the exhibition’s main pavilion. The biennial air show, which […]
Defense Industry
BAE Systems Received $26.7 Billion Orders In Six Months, Amid Ukraine War
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