According to DW News, Russia has a record 40% unemployment rate due to mass exodus of foreign companies from Russia amid Western sanctions. Russia was unable repay its foreign debt due to SWIFT payment system […]
The Biden administration’s next security assistance package for Ukraine is expected to be $1 billion, one of the largest so far, and include munitions for long-range weapons and armored medical transport vehicles, three sources briefed […]
The Russian military fired a volley of the 9M544 missile on Ukrainian cities in the Donetsk region, according to Ukrainian National Police officials. The National Police has released photos showing the wreckage of Russian modern […]
The Philippines has scrapped a multimillion-dollar deal with Russia to acquire Mil Mi-17 heavy-lift helicopters. A source in the Philippine Air Force (PAF) confirmed the cancellation to Global Defense Corp and added that the Technical […]
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French company Safran and Indian firm Hindustan Aeronautics Ltd. are creating a joint venture to develop helicopter engines in the Asian nation, Safran announced Friday. The partnership is expected to focus on powering India’s 13-ton […]
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Kongsberg Defence & Aerospace (KONGSBERG) has signed an initial contract valued at $48 million with the Commonwealth of Australia for Naval Strike Missile (NSM) capability. The order income is booked in second quarter 2022. On […]
American defence company Lockheed Martin has received a modification to a previously awarded contract for technical engineering and management efforts for the Australia Surface Combatant program. According to the US Department of Defence (DoD) contract […]
In 1990, the Russian aviation industry was divided into four agencies: Ministry of Aviation Industry, Ministry of Industries, State Committee of Defense Industries and Ministry of Defense Industries. Read more Su-57 Exposed: Why Do Russia’s […]
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