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SACEUR Says NATO Is Stepping Up Defense Investments

SACEUR Says NATO Is Stepping Up Defense Investments

Russia’s premeditated and unprovoked invasion of Ukraine has galvanized NATO and global partners, Air Force Gen. Tod D. Wolters told the Senate Armed Services Committee today.

“We are witnessing a generational moment, a historic demonstration of unity in will and an unprecedented effort by allies…

China-Solomons Military Agreement Could Allow Chinese Naval Base

China-Solomons Military Agreement Could Allow Chinese Naval Base

Great power competition in the Western Pacific is likely to intensify following the appearance of Chinese plans for a military presence in the Solomon Islands, according to security experts.

Leaders in Australia and New Zealand reacted with alarm this week after opponents of a security agreement …

US Space Force Requests $24.5 Billion Budget for FY 2023

US Space Force Requests $24.5 Billion Budget for FY 2023

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, Finland Cooperate on New Armored Off-Road Vehicle

Sweden, Finland Cooperate on New Armored Off-Road Vehicle

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…
UK MoD Sets 8.3% Profit Rate for Single-Source Defense Contracts

UK MoD Sets 8.3% Profit Rate for Single-Source Defense Contracts

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…

Latvian Cabinet Increases Defense Budget to 2.5% of GDP

Latvian Cabinet Increases Defense Budget to 2.5% of GDP

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…


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