The Royal Thai Navy has put its plan to acquire two Yuan Class S26T submarines from China on hold, after 33% of its budget was diverted to fund expenses caused by the COVID-19 crisis. The Navys budget was slashed by 4
The State Duma of the Russian Federation has recently adopted a law that limits the circle of persons who may possess information about state defense orders. The explanatory note states that the adoption of the bill is necessary to limit the circle of people who have information about the implementation of...
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The South Korean Finance Ministry has announced plans to direct $733 million (904.7 billion won) from this years $40
Turkeys major indigenous defence programs such as the Altay tank and the ATAK combat helicopter could face significant delays over denial of engine technology by European firms. While the Altay tank project is certain to miss a production deadline set for this year as the engine manufacturer, MTU of Germany has...
Three Chinese companies; Aviation Industry Corporation of China (AVIC), China North Industries Group (NORINCO) and China Aerospace Science and Industry Corporation (CASIC) with combined revenue of $51.8 Billion have risen to the worlds top 10 Defence companies list compiled by US based publication, Defense News
In an attempt to bypass US sanctions on Russian entities mainly in defence and energy, Moscow has concluded an agreement with Beijing on switching to settlements in national currencies. A mechanism for mutual settlements is planned to be set up by 2020
Hindustan Aeronautics Limited (HAL) has manufactured 41 new aircraft, helicopters besides 98 new engines during fiscal 2018-19, according to a financial update issued by the company. In addition, HAL has carried out overhaul of 213 aircraft, helicopters and 540 engines
Defence exports from Turkey exceeded $2 billion for the first time in 2018, an increase of 17% over the previous year. According to Turkish Exporters Assembly (TİM) data, the exports carried out by the defense and aerospace industry soared by 24
Member-companies of Russias Rostec State Corporation signed agreements worth over 100 billion rubles ($1.5 billion) as part of the International Military-Technical Forum "Army-2018" held in Moscow last week
The United States government is planning a new financing option to enable its allies and partners buy American weapons as part of the Trump administrations goal of enabling defense contractors grow their sales. The US administration had liberalized the sale of unmanned aerial systems in April this year and plans further initiatives to counter competition from China, Israel and Russia among others, participants at a Center for Strategic and International Studies (CSIS) event in Washington on Wednesday said
The 28-member European Union spent €200 billion ($222 billion) on defence in 2016, the same figure as in 2015, Eurostat announced Friday. The EU, most of whose members share NATO membership with the United States are under pressure from Washington to increase military spending and buy more American arms