Business

Russia overtakes UK to become world’s second biggest arms producer

Russia has overtaken the UK to become the world's second biggest arms producer behind the US, SIRPI said in a report

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Slovakia F-16 fighter jet deals signed, but prime minister says contracts ‘invalid’

Slovakia's prime minister clashed with the defence ministry over a deal to acquire US-made F-16 fighter jets in the NATO member's biggest military purchase

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Nigeria A-29 Super Tucano light attack aircraft contract finally lands

Sierra Nevada has been awarded a long-awaited contract for 12 A-29 Super Tucano light attack aircraft for the Nigerian Air Force

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US approves $1 billion sale to Egypt of 10 Apache AH-64E helicopters

The US approved a potential $1 billion sale to Egypt of 10 Apache AH-64E helicopters and related equipment, the DSCA said

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Qatar purchase of Raytheon NASAMS air defense system moves forward

The US State Department approved the $215 million sale to Qatar of equipment and services in support of the purchase of the NASAMS air defense system

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Egypt Abrams tank rounds price doubles to $201 million

The US adjusted the estimated cost for the sale of 60,500 tank rounds to Egypt to $201 million, more than double the $99 million value placed on the proposed sale in September

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Finland freezes arms export permits to Saudi Arabia and UAE over Yemen

Finland will not issue new arms export authorisations to Saudi Arabia and the United Arab Emirates due to concerns over the humanitarian situation in Yemen

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Denmark suspends arms sales to Saudi Arabia over Yemen war, Khashoggi murder

Denmark has suspended military exports to Saudi Arabia over the situation in Yemen and the murder of dissident Saudi journalist Jamal Khashoggi

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Northrop Grumman awarded $490 million for Japan Global Hawk drone program

Northrop Grumman was awarded an almost $490 million contract for three RQ-4 Global Hawk drones along with ground control equipment and services for Japan

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India signs contracts to purchase 4 Admiral Grigorovich-class frigates from Russia

India signed contracts to purchase four Admiral Grigorovich class (Project 11356) frigates, Russia’s Federal Service for Military and Technical Cooperation said

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