Russias full-scale deal with Iran for military hardware could reach $11 to $13 billion, if the UN arms embargo is lifted, Sputnik reported Friday. Igor Korotchenko, the head of a Russian think tank specializing in weapons sales said, the countries have great potential for development of military-technical cooperation
African countries have increased the arms import by 45 percent between 2005 and 2014, according to a report by Stockholm International Peace Research Institute (SIPRI) released on Monday. Africa accounted for 9 percent of total global arms imports between 2010 and 2014 as compared to 7 percent between 2005 and 2009
The Association of South East Asian Nations (ASEAN) has agreed to a Malaysian proposal to share defence equipment and information to confront common threats, Malaysian Defence Minister Datuk Seri Hishammuddin Tun Hussein said. The minister was quoted as saying by the local media that the Malaysian MoD needed to be “creative”...
Russias Strategic Missile Forces (SMF) have begun an unannounced test of its nuclear weapons near the central Russian city Yoshkar-Ola, the SMFs press center said Wednesday. “The Committee of the Command of Strategic Missile Forces is conducting an unannounced test of the condition and security provisions of nuclear weapons in the...
China has claimed that its growing military spending is way less than that of US, UK and Japan in terms of per capita expenditure. Refuting the annual military balance report by UK based International Institute For Strategic studies that accused Beijing of lack of transparency in its military spending, Chinese Foreign...
Finmeccanica announced Tuesday approved the groups industrial plan for FY2015 guidance. The Plan is also the start of a re-launch and development of the Group, with a focus on the areas of excellence and a more effective commercial presence in key international markets
The Department of Defense released Saturday its revised Military Intelligence Program (MIP) request for the FY 2015 valued at $16.6 billion
The Board of Directors of Finmeccanica, convened today under the chairmanship of Gianni De Gennaro, examined and unanimously approved the Interim Financial Report at 30 September 2014 and the results for the third quarter of 2014. With regard to commercial performance, considerably more orders were acquired than the first nine months of 2013, both in Aerospace and Defence and Transportation, Finmeccanica said in a statement
The UK defence establishment could be significantly impacted if Scottish voters vote “yes” on the Sept. 18 referendum over independence from the UK
UK achieved defense export sales of £9.8 billion in 2013 (up 11
Russia is planning to quadruple its annual arms sales to $50 billion by 2020 in a race for the top spot on the global arms exporters list, a senior government official was quoted as saying by RIA Novosti. “Not counting inflation, I think we could reach $50 billion [in arms exports] annually by 2020,” Deputy Prime Minister Dmitry Rogozin said in Moscow
Indonesia is quickly growing into a military power in South East Asia as it continues to strengthen its armed forces with the best in technology and weapons. Since 2009, the country’s defense budget has grown steadily from $3