GE Becomes GE Aerospace after GE Vernova Spin-Off
GE Aerospace launches as an independent public company positioned to deliver propulsion, services and systems.
Investment News
EU: United for Europe, Divided about Defence
The EU is divided into northern and southern countries regarding the proposal to issue a Eurobond for EU defence support.
Otokar Announces the Romanian Bid at KAP
Romania-based “Defense Romania” recently claimed that only OTOKAR made a bid in the 4×4 armoured vehicle tender opened by Romania.
France and Germany Sign MGCS Tank Development Agreement
France and Germany agreed to develop a planned next-generation tank known as the Main Ground Combat System (MGCS).
Russia Hits Dnipro Dam with Cruise Missiles
Dnipro Dam of Ukraine in the city of Zaporizhzhia used as a hydroelectric power plant, was targeted by a Russian cruise missile strike using flare decoys.
Indonesia Conditionally Returns KF-21 Boramae Programme
Indonesia returns to the KF-21 Boramae programme by agreeing to pay the debt for the development of the jet but wants to produce 48 units at PTDI.
The EU Invests for War in Horizon
The European Commission allocates €500 million to boost 155 mm artillery shell production to strengthen the EU's defence industry.
ASELSAN Adapts its Technology to Medicine: ADR-M100
ASELSAN CEO Ahmet Ekyol states that ASELSAN joins healthcare as it Adapts its technology to medicine: ADR-M100 Mobile X-ray Device will be used at Hacepette.
NATO Published 2023 Annual Report
NATO's Secretary General's Annual Report is published. The report underlines that without NATO, there is no security in Europe.
U.S. Army Increases Budget for NGSW Infantry Weapons
The U.S. Army increased the Fiscal Year 2025 budget to acquire M7 rifles and M250 machine guns from $132.9 million to $367.3 million.
The U.S. Navy Announces Plans For Munition Acquisitions
In the announced plan for FY24, USN and USMC are set to acquire some of the new weapon systems, such as the CPS hypersonic missile and JASSM-ER cruise missile.
Baykar and Azerbaijani MoD Ink R&D and Production Deal
Baykar announced that it has signed a deal for joint research, development, and production with the Azerbaijani Ministry of Defence.
U.S. Opens a New Page on Defence Industry with Turkiye
After the Turkish veto on Sweden’s NATO membership was lifted, U.S. officials showed interest in deepening U.S.-Turkiye defence industry relations.
ASELSAN Signs Contract with SSB
ASELSAN has signed a contract with the Defence Industry Agency (SSB) to procure procurement of Close-In Weapon Systems.
