Northrop Grumman Corp.’s cost estimate for developing the new B-21 stealth bomber has come in lower than the US Air Force’s $25.1 billion projection, according to the service’s chief weapons buyer, a rare early-stage success story among major weapons programs that routinely run billions over 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…

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…

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…