October 5, 2021 | International, Aerospace
Lockheed Opens New Hypersonic Weapons Factory In Alabama
The manufacturing plant is the third digital factory opened by the world’s largest defense contractor this year.
May 27, 2020 | International, Aerospace, Naval, Land, C4ISR, Security
Defense Spending In China Will Rise By 6.6%
May 27, 2020
China plans to increase defense spending in 2020 despite the expectation of dramatically reduced economic growth, maintaining pressure on neighboring countries to protect their own defense budgets from cuts.
The defense budget will rise by 6.6% to 1.268 trillion yuan ($179.2 billion), Premier Li Keqiang says.
The growth rate is the slowest since the early 1990s, but it indicates that Beijing intends to keep military modernization on track despite the economic and fiscal consequences of the COVID-19 pandemic.
While the reduction in growth from 2019's rate in part reflects the impact of the COVID-19 pandemic, it is also consistent with a longer-term trend of smaller increases in the budget approximately tracking the slowing expansion of an increasingly mature Chinese economy. Defense spending increases averaged 14% in the decade prior to 2015 but only 8% since then.
On the same subject
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October 5, 2023 | International, Land
Germany to provide Ukraine with an additional Patriot air defence system | Reuters
Germany is working on the supply of an additional Patriot air defence missile system to Ukraine in the winter months, German Chancellor Olaf Scholz said on Thursday.
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March 20, 2023 | International, Other Defence
US authorizes another $350 million in military aid to Ukraine
The United States is authorizing another $350 million in military aid for Ukraine, U.S. Secretary of State Antony Blinken said on Monday, as Kyiv builds up its arsenal for an anticipated counter-offensive against Russian forces.