Turkish Defence Exports Cross $2 Billion in 2018

January 7, 2019 @ 12:42 PM

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

Russia’s Rostec Signs Agreements Worth $1.5 billion at Army 2018 Show

August 30, 2018 @ 01:07 PM

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

United States Plans Financing Option for Defence Equipment Sales

August 10, 2018 @ 08:44 AM

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...

European Union Defence Spending at Euro 200 Billion in 2016

May 18, 2018 @ 01:29 PM

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

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 prior approval from the Defense Export Controls Agency (DECA)

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 manufacture and repair certain key components for defense purposes

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 by the defence minister, which delayed an expected go-ahead to the deal last year for reasons not disclosed

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 Yoshkar-Ola Missile Unit,” the SMFs press service said in a statement

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