Defense

South Korea’s KAI signs $1.4 billion deal to launch mass production of homegrown KF-21 fighter jets

Nine years after the development of South Korea’s KF-21 Boramae began, the Korean government finalized a significant deal with Korea Aerospace Industries (KAI) for the production of 20 fighter jets

Turkiye to build three Corvettes for Malaysian Navy

Turkey and Malaysia signed a historic agreement for the construction of three vessels for the Royal Malaysian Navy

Indonesia signs $1.3 billion deal with Italian shipbuilder Fincantieri for two multipurpose offshore patrol vessels

Italian shipbuilder Fincantieri signed a $1.3 billion (€1.18 billion) contract on March 28 to supply the Indonesian Navy with two 4,900-ton PPA ships.

Sweden officially joins NATO, ending 200 years of neutrality

Sweden officially became the 32nd member of NATO, marking the end of its neutrality since World War II and its centuries-long stance of not aligning with major powers.

Saudi Arabia signs $3.2 billion deal to buy South Korean missile defense system

Saudi Arabia has agreed to procure 10 batteries of the South Korean Cheongung II (KM-SAM Block II) medium-range anti-aircraft missile system in a deal valued at up to US$3.2 billion.

US approves $4 billion sale of 31 MQ-9B drones and Hellfire missiles to India

The United States has approved the sale of nearly $4 billion sale of 31 armed MQ-9B SkyGuardian drones, Hellfire missiles and laser-guided bombs to India

Turkish Navy strengthens fleet with four new domestically-built naval vessels

Turkey integrated new maritime platforms, including its inaugural sea drone equipped with electronic warfare capabilities, as part of ongoing efforts to enhance its naval forces.

Turkish defense and aerospace industry hits record $5.5 billion in 2023 exports

Turkey’s defense and aerospace industry exports increased by 27% in 2023 to $5.5 billion compared with 2022, contributing 2.3% to the country’s total exports last year

NATO secures 1,000 Patriot missiles in $5.6 billion deal to strengthen Europe’s air defense

NATO members have agreed to purchase up to 1,000 Patriot missiles to enhance their air defense capabilities, in a deal worth $5.5 billion, the NATO procurement agency NSPA said.

Canada signs $5.9 billion deal to buy Boeing’s P-8 Poseidon multi-mission aircraft

Canada has finalized a $5.9 billion agreement with Boeing for the acquisition of P-8 Poseidon multi-mission aircraft, to replace Canada's aging fleet of Aurora military surveillance planes.
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Norway joins France’s nuclear deterrence initiative as Europe boosts defense

Norway has become the ninth European country to join France’s nuclear deterrence initiative, marking another step in Europe’s efforts to strengthen its security architecture
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