Arms
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Oct- 2023 -24 October
RTX Reports Loss on Engine Issue, But Boosts Share Buybacks
Aviation and defense giant RTX reported a loss on hefty costs tied to an engine quality control problem as it boosted its share repurchase program.
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24 October
Australia Taps Mitsubishi for Military Laser Development
Australia has signed an agreement with Mitsubishi to develop laser technology to enhance surveillance and survivability of defense platforms.
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24 October
US OKs $1.6B Tri-Nation Missile Sales to UK, Finland, Lithuania
The US government has approved a potential $1.6 billion foreign military sale of missile systems to the UK, Finland, and Lithuania.
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24 October
France Announces Sale of Defensive Weapons to Armenia
France announced the sale of defensive equipment to Armenia as Azerbaijan launched military drills with its ally Turkey.
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23 October
Germany Plans Israeli Rocket Artillery to Replace MARS MLRS Sent to Ukraine
The German military is planning to replace its five MARS II Multiple Launch Rocket Systems sent to Ukraine with the Israeli Precise and Universal Launching System.
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23 October
Pentagon to Restock Arms Depots for Israel Initially Meant for Ukraine
The Pentagon has agreed to an Israeli request to restock its arms depots in Israel as the country gears up for a ground invasion in Gaza.
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20 October
Japan Buys 300 Carl-Gustaf Rifles From Saab
Japan has ordered 300 Carl-Gustaf recoilless rifles from arms manufacturer Saab.
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20 October
Italy’s Budget Outlines Massive Defense Upgrades
Italy will boost its military with new tanks, drones, and anti-ship weapons, increasing its defense procurement budget by 43 percent by 2025.
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20 October
China Says Nuclear Weapons Only Intended for ‘Self-Defense’
Beijing stressed its nuclear program was only intended for self-defense, insisting nations had nothing to fear as long as they did not threaten China.
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20 October
Germany Kicks Off Procurement of Next-Gen Reconnaissance Vehicles
The German government is seeking proposals for the development and production of 252 next-generation reconnaissance vehicles for the army.
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