US Air Force looks to fast track cash to Kratos Defense for more Valkyrie drones

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  April 21, 2020 | International, Aerospace, Naval, Land, C4ISR, Security

  Coronavirus : La Corée du Sud réduit son budget de défense

  Le gouvernement sud-coréen décide de réduire de 2 % le budget de défense initialement prévu pour 2020 et qui s'inscrivait sur une hausse de 7,4 %. L'avion de combat F-35 en est la première victime. Moins que prévu pour la défense Conséquence de la mobilisation budgétaire pour amortir les conséquences économiques de la pandémie de coronavirus ou covid-19, le gouvernement sud-coréen, par la voix de son ministre de l'Economie et des finances, annonce une réduction du budget de défense initialement programmé pour l'année 2020. Ce budget avait été b'ti sur une hausse de 7,4 % pour s'élever à 41 Md$. Il baissera finalement de 2 %, soit près de 740 M$ de moins que prévu. Sur ce total, les réductions portent essentiellement sur les achats d'équipements de matériels programmés, soit 582 M$. F-35 et Aegis Dans la même temps, le ministère sud-coréen de la Défense a commencé de négocier avec Lockheed Martin le report des paiements prévus sur les avions de combat F-35 acquis par la Corée du Sud ainsi que sur le système combat Aegis qui associe radars haute puissance et missiles anti-navires et missiles anti-aérien. https://air-cosmos.com/article/coronavirus-la-core-du-sud-rduit-son-budget-de-dfense-22948

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  July 17, 2024 | International, Aerospace

  How the Swedish Air Force is finding its flow as part of NATO

  Interview: Swedish Air Force chief Maj. Gen. Jonas Wikman talks next-gen fighters, his service's take on drones, and Russian aircraft near Scandinavia.

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  February 3, 2021 | International, Aerospace, Naval, Land, C4ISR, Security

  India releases details of new defense budget

  By: Vivek Raghuvanshi NEW DELHI — India on Monday allocated $18.48 billion for weapons procurement in its 2021-2022 defense budget amid an ongoing military standoff with China and financial stress on the national economy due to the coronavirus pandemic. Excluding pensions, the new defense budget totals $49.6 billion, an increase of more than 3 percent from the previous year's $47.98 billion. New capital expenditure of $18.48 billion meant for arms procurement witnessed an increase of about 16 percent from the previous year's $15.91 billion. This is the highest-ever increase in capital outlay for defense in the last 15 years, according to Indian Defence Minister Rajnath Singh. An additional $2.84 billion was spent on emergency arms purchases in the summer of 2020 to deal with the ongoing confrontation with China. The budget's revenue expenditure meant for maintenance of existing weapons, pay and allowances, and recurring expenses is set at $29.02 billion, compared to $28.75 billion in the previous defense budget. Officials in India point to the COVID-19 pandemic as disrupting the economy and thus affecting the government's income and driving spending decisions. Consequently, the defense budget might not be as high as it would've been were there not a pandemic, said Amit Cowshish, a former financial adviser for acquisition at the Ministry of Defence. Cowshish noted that the funds may be inadequate for all the planned acquisitions from abroad and at home to be signed during the upcoming financial year, which begins April 1. Capital expenditure is essentially defense funding meant for fresh arms procurement and existing liabilities from previously conducted defense contracts. Revenue expenditure is defense spending meant for the pay and allowances of military personnel as well as the maintenance of weapons and other existing inventory items. The Army will receive $4.9 billion in capital expenditure, which is an increase of 8.17 percent from the previous year's $4.53 billion. “The service could buy additional military vehicles and upgrade its drones fleet,” a senior Army official said. The service's revenue expenditure is set at $20.37 billion, compared to $20.11 billion in the previous budget. The Navy will receive $4.55 billion in capital expenditure, which is an increase of nearly 22 percent from previous year's $3.73 billion. This could pave the way for the service to buy 10 tactical MQ-9 Reaper drones from General Atomics through the U.S. Foreign Military Sales program, an Indian Navy official said. The revenue expenditure for the Navy is $3.19 billion, which is meant for the maintenance of warships and submarines, compared to $3.13 billion in the previous budget. The Air Force will receive $7.2 billion in capital expenditure, which is a hike of 19 percent from the previous year's $6.05 billion. According to a service official, this will go toward a new contract for 83 homemade LCA MK1A Tejas light combat aircraft, an existing commitment to pay for 36 Rafale fighters from France and five units of S-400 missile defense systems from Russia, among other efforts. The Air Force's revenue expenditure is $4.19 billion, compared to $4.1 billion in the previous budget. About $1.55 billion in capital expenditure will go toward the state-owned Defence Research and Development Organisation for new projects, compared to $1.47 billion in the previous budget. DRDO has also been given a revenue expenditure totaling $1.24 billion, compared to $1.2 billion last year. This year, existing liabilities could eat up to 90 percent of the new capital expenditure, which will impact several new weapons procurement efforts, an MoD official said. But if that high percentage is accurate, according to Cowshish, there must be a lot of equipment already on contract. The military will have to make do with whatever amount is left over for acquiring new systems, he noted. “Capability-building and self-reliance ... are long-term projects, which are not dependent entirely on the budgetary allocation in a particular year. Hopefully things will improve in the future.” https://www.defensenews.com/global/asia-pacific/2021/02/02/india-releases-details-of-new-defense-budget/