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…

UK forces used the largest winter exercise hosted in Norway in 30 years to demonstrate the unique combined capabilities of the Royal Marines and Submarine Service.

In Lyngenfjord, three dozen miles east of Tromso deep inside the Arctic Circle, the Surveillance and Reconnaissance Squadron launched…

In this era of modern warfare, access to cutting-edge, commercial technology is vital for warfighters and national security.

To ensure access to commercial technology, the Defense Department is promoting broader use of agile acquisition methods by training acquisition professionals on the Defen…