Yearly Archive: 2022

Space Force is requesting $24.5 billion to fund its third year of operations to allow the newest service branch to add more personnel and keep pace with Chinese advances in space.

The service’s budget proposal is about $7 billion more than last year’s request and marks the first year that the ser…

Sweden enters into technical cooperation with Finland, Estonia and Latvia for the development of a new armored off-road vehicle. The cooperation is based on an EU directive for shared costs of development work. Finnish Patria has been chosen as an industrial partner and Finland is the so-called lead…

Defence Procurement Minister Jeremy Quin announced this week he has set the baseline profit rate (BPR) for single source defence contracts at 8.31%. This will be used to calculate the profit payable on single source work contracted in 2022-23.

The Minister announced that in setting the rate, he h…

Today, on March 29, the Cabinet of Ministers approved the amendments to the Law on the Financing of National Defense led by the Ministry of Defense, which means that over the next three years, funding for national defense will be gradually increased to 2.5% of GDP.

According to NATO guidelines, L…

SEOUL — South Korea successfully test-fired a solid-fuel space rocket Wednesday, the defense ministry said, following North Korea’s intercontinental ballistic missile (ICBM) launch last week.

The state-run Agency for Defense Development conducted the first such test at a testing site in Taean, …

Saab reveals its finalised Mobile Short-Range Air Defence System (MSHORAD) to meet the evolving and proliferating air threats over the battlefield.

A wide range of established airborne threats such as fighters, helicopters, and missiles are being joined by newer threats such as armed UAV’s and lo…