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South Korea Seeks 4.6% Hike in Defense Budget

South Korea Seeks 4.6% Hike in Defense Budget

SEOUL — The South Korean government announced a plan Tuesday for a 4.6 percent on-year increase in its defense budget for next year, with a focus on bolstering a key deterrence system to counter North Korea’s nuclear and missile threats.

The defense ministry has proposed a budget of 57.1 trilli…

Thailand to Produce Paramount Mbombe 4 Armored Vehicle

Thailand to Produce Paramount Mbombe 4 Armored Vehicle

BANGKOK — Coinciding with Thai Defence & Security 2022, Paramount Group has announced a partnership with the Defence Technology Institute (DTI), Thailand’s defence research and development (R&D) agency, and local partner Jatunapas, one of Thailand’s leading defence and security companies, to produ…
Taiwan Prepares Record $19.4 Bn Defense Budget for 2023

Taiwan Prepares Record $19.4 Bn Defense Budget for 2023

With China continuing to ramp up coercion operations in the wake of U.S. House Speaker Nancy Pelosi’s visit to Taiwan on August 2, the government of Taiwan’s president, Tsai Ing-wen, has proposed a 13.9 percent year-on-year nominal increase to the defense budget for 2023. The ramp-up in spending wou…
Sweden Pledges Additional $100M Aid Package for Ukraine

Sweden Pledges Additional $100M Aid Package for Ukraine

On Monday 29 August, Prime Minister Magdalena Andersson received Ukrainian Minister for Foreign Affairs Dmytro Kuleba to discuss additional Swedish support for Ukraine.

At the joint press conference, Ms Andersson began by welcoming Mr Kuleba back to Stockholm and subsequently reflected on her str…

Latvia Has Provided €300M Military Support to Ukraine

Latvia Has Provided €300M Military Support to Ukraine

The Ministry of Defense informs that since February 24, the military support provided by the Latvian government to Ukraine in the fight against the Russian attack has already amounted to approximately 300 million euros, while Latvian citizens, companies and non-governmental organizations have collec…
Pentagon Wants to Increase MLRS, HIMARS Production

Pentagon Wants to Increase MLRS, HIMARS Production

Lockheed Martin facilities in Camden, Arkansas are part of a critical regional aerospace and defense ecosystem throughout Southern Arkansas.

William LaPlante, undersecretary of defense for Acquisition and Sustainment, and Assistant Secretary of the Army for Acquisition, Logistics and Technology, …


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