RIYADH — As part of its strategic efforts to expand its operations in Saudi Arabia, SAMI, a wholly-owned subsidiary of the Public Investment Fund (PIF), signed three separate financing agreements with three Saudi banks for a total amount of nearly SAR 7 billion (worth $1.87 billion at today’s…

Rheinmetall AG of Duesseldorf, Germany, released details today of its plans for a new factory in Eastern Slovakia and a massive investment into the Slovak economy. The company is hoping to supply 152 KF41 Lynx Infantry Fighting Vehicles as part of the Slovak Armed Forces’ re-equipment programme.
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An Israeli F-35 fighter pilot was fined 500 shekels ($150) Thursday for exceeding the speed limit over central Israel this week, causing several sonic booms that shook windows and caused frightened civilians to wonder if explosives have gone off.

The sonic booms shook the Tel Aviv metropolitan …

KAMRA, Pakistan — Prime Minister Imran Khan on Friday said Pakistan had full confidence in its armed forces that possessed the capabilities of the highest degree to defend the country.

“We are confident that if anyone makes an aggressive move against Pakistan, it would be retaliated by the ar…

NIMR, the leading manufacturer of combat-proven wheeled military vehicles, today signed a manufacturing license agreement with Saudi Arabian Military Industries (SAMI), a wholly owned subsidiary of the Public Investment Fund, to transfer technology and boost SAMI’s domestic industrial capabilities…

TOKYO — Ten Russian navy ships have passed through the Tsugaru Strait between Japan’s Honshu main island and the country’s northernmost prefecture of Hokkaido, the Japanese Defense Ministry said Friday.

In February, the navy conducted a large-scale maritime exercise in Russia’s Far East regio…