French lawmakers approved a two billion euros defence spending hike in 2018 to fund renewing military transporters, fighter jets and other equipment used in anti-terror operations in west Africa and the Middle East.
The 1.8 billion euros in additional spending approved by the National Assembly takes the defence budget to 32.4 billion euros, or 1.82 percent of GDP, according to AFP report.
The increase compensates for an 850 million euro cut to this year's defence budget, which triggered a standoff in July between Macron and then armed forces chief General Pierre de Villiers.
Beyond 2018, Macron plans to continue ploughing more money into the military, to try reach a NATO target of spending equivalent to two percent of GDP by 2025.
French forces have been taking part in strikes against Islamic State jihadists in Syria and Iraq and around 4,000 troops are hunting Islamist extremists in west and central Africa.
At home, 7,000 soldiers have been deployed to patrol the streets after a series of terror attacks.
Italian shipbuilder Fincantieri will take control of France's STX shipyard to create one of the largest naval shipbuilding companies in the world. The Italian and French governments struck a deal in Lyon yesterday to end a dispute between the two countries after France had unexpectedly blocked a takeover of the STX shipyard by Fincantieri this summer, citing job and strategic concerns, AFP reported
France has pitched for a wide-ranging military contract with Belgium including the sale of Rafale fighter jets manufactured by Dassault Aviation. The Rafale, manufactured by Frances Dassault Aviation, is competing on the Belgian contract with Lockheed Martin's F-16, Boeing F/A-18, Eurofighter Typhoon and Swedens Saab Grippen,
France has decided to arm its surveillance drones in West Africa as part of counter-terrorism operations against IS militants, Defense Minister Florence Parly said on Tuesday. The decision will initially apply only to the six unarmed Reaper surveillance drones that France bought from the United States
Air France-KLM has expanded its no-fly zone over North Korea after the companys flight carrying 323 people missed an area close to Pyong Yang's ballistic missile path by about 10 minutes last week. Last Fridays close encounter between the missile and Air France Flight 293 has raised fears that North Koreas missile tests may pose a threat to airlines operating in the region
The PASEO XLR (eXtra Long Range) sighting system built by Safran Electronics & Defense has been chosen by Naval Group for France's new medium frigates (FTI). Five of these 4,000 ton ships will be delivered starting in 2023
Frances Ministry of the Armed Forces has awarded a contract to integrate Thales' Universal Electronic Warfare Capability (CUGE) on board three Falcon Epicure jets. This new programme will strengthen electronic intelligence capabilities and thereby help the French Armed Forces to perform their strategic information gathering functions to better anticipate eventualities
French President Emmanuel Macron has pledged to increase the defence spending by 1.8 billion euros ($2
Despite opposition from Moscow, Ukraine's Ukroboronprom has decided to pitch for Indian contracts for the supply of components and repair of Russian-origin aircraft of the Indian Air Force, Director General Pavlo Bukin told Defenseworld.net in an interview.
Segments such as Network Centric Warfare, Radars, Weapon systems, Electronic Warfare & Avionics, Military Communications and Electro Optics are likely to drive the Companys growth in the future, says M V Gowtama, Chairman & Managing Director, Bharat Electronics Limited (BEL).
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