budget News

Poland Halts Black Hawk Deal Amid Strategic Reshuffle
Air Defence Politics

Poland Halts Black Hawk Deal Amid Strategic Reshuffle

Poland calls off its plan to buy 32 S-70i Black Hawk helicopters due to the changes in military objectives caused by new threats and the situation in Ukraine.

Greece Doubles Defence Budget in 2025
Defence Politics

Greece Doubles Defence Budget in 2025

With a majority vote, the Greek Parliament has approved a 2025 budget that will almost double defence spending.

UK Retires Defence Systems due to Budget Constraits
Defence Politics

UK Retires Defence Systems due to Budget Constraits

United Kingdom will retire some ot its platforms to economy its defence spending. The budget cuts coincide with Russian- Ukrainian war.

Marginal Increase in UK Defence Budget
Country Defence Politics

Marginal Increase in UK Defence Budget

The new Labour government intends to increase defence spending to 2.5 per cent of GDP but has not specified a timetable.

US Air Force Tests Long Endurance ISR UAVs
Unmanned Systems

US Air Force Tests Long Endurance ISR UAVs

The US Air Force tested ULTRA UAVs for long-endurance ISR missions. The force might allocate $35 million for four of these systems in the 2025 budget.

Philippines Eyes 40 New Fighter Jets
Air

Philippines Eyes 40 New Fighter Jets

Jets In response to growing tensions in the region, the Philippines has approved large-scale funding for defence, including new fighter jets.

U.S. Army Eyes a Mass Loitering Munition Acquisition
Unmanned Systems

U.S. Army Eyes a Mass Loitering Munition Acquisition

The U.S. Army plans to field more than 1000 Switchblade 600 loitering munitions in 2025 within the scope of the Replicator programme.

U.S. Navy Shoots Four LRASMs at Once
Weapon / Missile

U.S. Navy Shoots Four LRASMs at Once

U..S Navy Announces Successful Test of Simultaneous Engagement of Four AGM-158C LRASM Anti-Ship Missiles.

Norway Declares its Long-Term Defence Plan
Defence Politics

Norway Declares its Long-Term Defence Plan

The Norwegian Government proposes to parliament an increase in defence spending of approximately 60 billion USD over the next 12 years.

Japan to Develop Interceptor Against Hypersonic Missiles
Weapon / Missile

Japan to Develop Interceptor Against Hypersonic Missiles

Japan has revealed a ¥75 billion (Roughly $526.7 million) funding for developing interceptors to counter the hypersonic missile threat.

Japan Approves Record Defence Budget: $56bn
Navy / Maritime Defence Politics Country

Japan Approves Record Defence Budget: $56bn

Today, Japan approved the government budget for fiscal 2024 as $56 billion, which secures $2.59 billion to build two Aegis System Equipped Vessels (ASEV).

468 billion TL Budget for the Defence Industry Support Fund
Country

468 billion TL Budget for the Defence Industry Support Fund

Vice President Fuat Oktay stated that the Defence Industry Support Fund has a budget of 468 billion TL in the 2023 Central Government Budget Bill.

Spain Acquires Barrett M95 anti-materiel Sniper Rifles
Weapon / Missile

Spain Acquires Barrett M95 anti-materiel Sniper Rifles

The Spanish Army paid € 450,000 for a batch of 15 new Barrett bullpup (M95SP model) anti-material sniper rifles calibre 12.70 x 99 mm for special operations.

Record Defence Budget for Turkiye
Country

Record Defence Budget for Turkiye

Erdoğan approved the Strategy and Budget Presidency’s Medium Term Program (2023-2025). Turkiye’s defence budget will exceed $ 20 billion.

VH-92A Presidential Helicopter Has Reached IOC
Air

VH-92A Presidential Helicopter Has Reached IOC

The US Navy Department announced that the US Marine Corps-operated VH-92A presidential and US presidential helicopters had reached IOC.

Congress settles on $782.5B national defence budget
Bilateral Relations Defence Politics

Congress settles on $782.5B national defence budget

A bipartisan agreement among Congressional appropriators has brought the US closer to passing a fiscal 2022 budget that includes $782 billion for defence.