One of Turkey’s leading defense contractors, Aselsan has seen its profits increase by 34% year-on-year to TL 1.2 billion ($147 million) from January through March, the company said in a statement. “We experienced a significant […]
Government’s actions, or perhaps better inaction, have made it quite clear that it has no interest in maintaining an effective defence force; nor any interest in retaining the defence industry. Or perhaps it does not […]
Kenya spent an average of 5.1% of its allocated defense budget on capital expenditure (CAPEX) during 2015-2019. During the forecast period the country is expected to invest around 8.6% of its defense budget on CAPEX. […]
Morocco’s 2020 finance bill will increase in the kingdom’s national defense budget by 29% in 2020, allocating $4.728 billion. The Moroccan Centre of Conjuncture (Centre Marocain de Conjoncutre) has said that the country’s national economic […]
China increased its 2021 defense budget by 6.8 percent to $209 billion in a quicker pace than last year’s growth of 6.6%, which analysts believe is fast rise as the country resiliently emerges from the wreckage […]
Sweden is making the biggest upgrade to its armed forces in more than half a century and debating whether to join NATO in response to a burst of Russian military activity around the Baltic, the […]
Indian Navy’s planned acquisition of a third Indigenous Aircraft Carrier (IAC-2) is at risk of running aground. On December 3, during the annual navy press conference held in New Delhi, Chief of Naval Staff, Admiral […]
Sweden will increase military spending by about 40% in the next five years and double the number of people conscripted into its armed forces as it aims to strengthen its defence amid growing tensions with Russia, the government […]
Japan’s Defense Ministry is asking for a 8.3% budget increase in 2020, its largest rise in more than two decades, in the face of China’s rapid military modernization and a looming threat from North Korea. […]
South Korea has announced the military up-gradation plan worth $253 billion which is set to enhance the country’s defense capabilities against its adversaries especially North Korea and China learned GDC citing EuroAsia Times. Militarization of […]
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