China Becomes World's Second Biggest Military Spender: SIPRI

May 2, 2018 @ 12:34 PM

China has become the world's second biggest military spender behind the United States relegating Saudi Arabia and India to third and fourth place respectively according to a new report by the Swedish International Peace Research Institute (SIPRI) which compiles global arms procurement data. China increased its military spending by 5

Israel Plans to Loosen Defence Export Restrictions

October 31, 2017 @ 11:47 AM

Israeli companies need not obtain a marketing license for certain cyber and electro-optic systems and tools, and security and anti-terrorism warfare education, according to changes in the defence export policy proposed by the countrys Ministry of Defence (MoD). The MoD will significantly shorten the list of products whose overseas marketing requires...

Trump Orders Review of Defence Industry Raw Material Supply Chain

July 24, 2017 @ 03:55 PM

President Donald Trump signed an executive order Friday ordering an assessment of materials, manufacturing and components required for the defense industry, their sourcing and supply chains. Peter Navarro, director of the National Trade Council, said in a background briefing to reporters that there is a shortage of domestic companies that can...

Bureaucratic Headwinds Spook Shinmaywa US-2 Aircraft Procurement in India

March 30, 2016 @ 12:41 PM

The procurement of 12 amphibious Aircraft from Shinmaywa of Japan which has been held up due to bureaucratic procedures in India could face further headwinds following the release of new defence procurement procedures(DPP). The procurement proposal had gone up to the Defence Acquisition Council (DAC), India's supreme defence purchase body chaired...

Russia Starts Unannounced Nuclear Weapons Readiness Test

March 5, 2015 @ 12:05 PM

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 Transparent On Its Military Spending: Chinese Media

February 13, 2015 @ 12:58 PM

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 Ministry Spokesperson, Hua Chunying said

Finmeccanica Aims To Re-Launch Group With New Industrial Plan For FY2015

January 29, 2015 @ 08:58 AM

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

US Releases Revised Military Intelligence Budget

November 24, 2014 @ 04:29 PM

The Department of Defense released Saturday its revised Military Intelligence Program (MIP) request for the FY 2015 valued at $16.6 billion

Finmeccanica Unanimously Approves Interim Financial Report, Third Quarter Results

November 6, 2014 @ 08:04 AM

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

UK Defense And Security Export Increased By 13% in 2013

July 9, 2014 @ 03:47 PM

UK achieved defense export sales of £9.8 billion in 2013 (up 11

Russia To Increase Arms Exports By 2020

December 13, 2013 @ 08:00 AM

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

Sustained Military Spending Paves Way To Wide-Spread Progress In Indonesia

September 17, 2012 @ 12:00 AM

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