Defense Industry
France unveils €413 billion military budget spread over next 7 years, amid Ukraine war
On April 4th, the French government unveiled the new Military Programming Budget (LPM), which is €100 billion higher than the previous seven-year budget. Sébastien Lecornu, French Minister of Defense, described this LPM as an “unprecedented […]
Africa
MBDA awarded contract to supply VL MICA to Moroccan Army
The Moroccan government has signed an export loan agreement with France’s BNP Paribas for the acquisition of a new ground-based air defence (GBAD) system. Announced via the country’s government gazette on 18 May, the loan […]
South Asia
India Removes Offset Clause For Government-To-Government Arms Deals
India has decided to forego the offset clause from inter-government and single vendor deals for procurement of military equipment, days after foreign firms including Dassault Aviation were called out for not meeting obligations of domestic […]
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