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September 17, 2023 | International, Security

Ukraine plans big rise in defence spending in 2024 draft budget | Reuters

Ukraine's government approved on Friday a draft budget for next year, planning for higher defence spending and counting on continued Western financial support to cover the expected deficit.

https://www.reuters.com/world/europe/ukraine-plans-big-rise-defence-spending-2024-draft-budget-2023-09-15/

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  • Sig Sauer nabs $10M Army contract for sniper rifle ammo

    January 16, 2020 | International, Land

    Sig Sauer nabs $10M Army contract for sniper rifle ammo

    Jan. 15 (UPI) -- The U.S. Army has awarded Sig Sauer a $10 million contract to manufacture ammunition for use in the branch's bolt-action sniper rifle. "This award by the U.S. Army is validation of our state-of-the-art manufacturing that has resulted in the highest quality, and most precise, ammunition delivering on-target accuracy for snipers in the field," said Ron Cohen, Sig Sauer president and CEO. The contractor will manufacture MOD 0 .300 Win Mag ammunition at its facility in Jacksonville, Ark. The contract also funds production of MK 248 MOD 1 ammunition for the military. In 2011, the Army transitioned from the 7.62mm to the .300 Win Mag round, providing the new round to sniper teams in Afghanistan. The new round allows snipers to engage targets from 1,200 meters as opposed to the 800-meter range of the older M24 sniper system. https://www.upi.com/Defense-News/2020/01/15/Sig-Sauer-nabs-10M-Army-contract-for-sniper-rifle-ammo/7371579124524/

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