South Korea to supply K9 self-propelled howitzers to Egypt
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The $1.65bn deal involves the transfer of technologies, as well as the production of K9s in Egypt.
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India announces modest increase in defence budget with focus on self-reliance
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The government allocated $70bn for the defence ministry in FY2022-23, a rise of 4.5% over the last revised estimates.
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Sweden and BAE Systems offer CV90 combat vehicle to Slovakia
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Slovakia plans to procure 152 new infantry fighting vehicles (IFV) in multiple variants.
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UK’s defence expenditure in Scotland totalled nearly £2bn in 2020/21
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The expenditure is equivalent to £360 per person in Scotland.
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India’s Army and Air Force services select Saab’s AT4 support weapon
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The AT4 weapon system is operated by a single soldier, and has a 84mm calibre warhead.
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Business optimism increased in December: Poll
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Business optimism increased in December compared to November, according to an ongoing poll by Verdict, due to recovery of manufacturing and services sectors although concerns over Omicron variant remain. Verdict has been conducting the poll to study the trends in business optimism during COVID-19 as reflected by the views of companies on their future growth …
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North Korea launches hypersonic missile in first major test this year
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The hypersonic missile hit a set target 700km away.
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US President signs $770bn defence spending bill for FY2022
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The NDAA for fiscal year 2022 will allocate some 5% extra funding for defence sector, compared with last year.
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US military housing provider pleads guilty to fraud
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BBC will pay $33.6m in criminal fines and more than $31.8m in restitution for defrauding the US military.
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US Senate approves $770bn defence spending bill
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The US Senate passed the National Defence Authorisation act (NDAA) in an 88-11 vote.
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