The European Union launched a 10.5-billion euro ($12
China is making inroads into the African defense market by setting up a military base and exporting military equipment to almost two thirds of African countries. Countries including Algeria, Angola, Cape Verde, Nigeria, Chad, Djibouti, Equatorial Guinea, Gabon, Uganda, Ghana and Zambia have bought military equipment from China in the recent past
China is planning to set up a naval facility in Djibouti, East Africa, to strengthen the nation's counter-piracy and peacekeeping efforts. "The construction of the relevant facilities will assist China's navy and army to participate in UN peacekeeping operations, carry out escort missions in the waters near Somalia and the Gulf of Aden, and provide humanitarian assistance," Spokesman for Chinas Foreign Ministry Hong Lei said
Nigeria is seeking to produce indigenous military equipment, supplementing with advanced foreign technologies. President Muhammadu Buhari said that the countrys over dependence on foreign military equipment is "unacceptable”
The success of Lockheed Martins F-35 fighter in South Korea and its acceptance by several NATO partners could make it the worlds dominant warplane in the coming years. The fifth generation stealth warplane looks set to grab market share from rival 4
Rosoboronexport, a subsidiary of the Rostec State Corporation, will present items of military equipment highly popular in armies, navies and air forces of African states at the Africa Aerospace and Defence 2014 exhibition in Pretoria, South Africa. "We come to this exhibition in the Republic of South Africa for the seventh time and consider it as the most important venue for the promotion of weapons and military equipment to the African continent, especially to sub-Saharan countries
Arms companies from the US and UK could benefit from a NATOs proposal to create a rapid response force. Britain pledged to commit 1,000 troops to the NATO “Spearhead” force
Nathalie Smirnov, director of the DCNS Services division, inaugurated the premises dedicated to the maintenance and modernization program for part of the Saudi Arabian military fleet. These programs correspond to the different Service contracts, of which the most recent LEX (Life Extension) was initiated in the fall 2013
The sky high cost of fighter aircraft acquisition is forcing developing countries to embark on their own programs in the process challenging the price and performance of American and European fighters. Turkey, South Korea, India, China and Pakistan claim to beat out western aircraft on cost
The Iraqi government has witnessed a 15.56% expenditure growth in past five years with $17
Asia Pacific budgets are set to outstrip USA and Canada by 2021, fuelled by an explosion in global arms trade that threatens the competitive edge and dominance of US, UK and European defence trade according to the biggest budget and export study since the economic downturn. The study, The Balance of Trad, is presented to clients on 25 June by IHS Inc
The United States have held back from signing the arms trade treaty, with over 60 countries believed to have signed it. “The United States welcomes the opening of the Arms Trade Treaty for signature, and we look forward to signing it as soon as the process of conforming the official translations is completed satisfactorily,” said US Secretary of State John Kerry in a statement
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