In January 2022, Taiwan approved an $8 billion multi-year supplemental defense budget to strengthen Taiwan’s air and sea combat capabilities. Over half of Taiwan’s supplemental defense spending will fund missile corvettes and anti-ship weapons, such as the Hsiung Feng missile system. Meanwhile,...
Japan plans to double defense spending by 2027, the largest increase in nearly 70 years. The Ukraine war has prompted many countries to bolster their defense.
The various political and economic constraints related to the country’s overall defense budget to meet NATO mandate spending at least 2% of the country’s GDP on defense is a growing concern majorly for European countries and NATO Plus countries, which are expected to join NATO in coming years...
This is very important, especially in this budget-constrained market. The Vipers fit on any platform or vehicle, require little or no maintenance, reduce life-cycle costs, require minimal training and are very stable and accurate on target.†said Mark Russell, vice president of Business...
Experts say the defense budget is reasonable due to the country's need to modernize its military and it shows restraint as it could have increased it more. Considering that China is facing an increasingly complicated and challenging security ...
South Korean defense firm Hyundai Rotem has delivered a new batch of six K2 Black Panther main battle tanks to Poland, as announced by the country’s defense procurement agency on October 4. This delivery is part of a contract signed in 2022, worth nearly USD 3.4 billion, for the supply ...
documents which are meant to guide decisions on the defense budget, weapons, personnel and where to position them around the world. U.S. military planners were laser-focused on the Pacific, rethinking the roles their service branches would play in a new threat matrix that for the first time ...
were consumed by the few remaining Ticonderoga-class cruisers, ships that he has sought Congressional permission to retire. He said the Navy entered this year’s budget negotiations asking to retire all seven Ticos, but the 2022 defense authorization act requires the service to keep two of them...
are impressive and disturbing figures, but so too is the estimate that the total defense spending of the US exceeded one trillion dollars in fiscal year 2007, and that outlays for the Pentagon alone (about half of that spending) were some 7 times that of China’s entire defense budget. Suc...
(1) whether they are citizens or nationals of, or holders of a passport issued by, a member country of, or a state or other jurisdiction that receives assistance from, the international financial institution; or (2) any other consideration that, in the determination of the Secretary, unfairly...