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Occar, EU Commission Sign Agreements to Develop Defense Industry

Occar, EU Commission Sign Agreements to Develop Defense Industry

BRUSSELS — European Commission and Organisation for Joint Armament Cooperation (OCCAR) signed Contribution Agreements for the management and implementation of two European Defence Industrial Development Programme (EDIDP) project grants, in the fields of defence research and development, and capa…
US Defense Contractors Not Much Affected by US Election: Fitch

US Defense Contractors Not Much Affected by US Election: Fitch

CHICAGO/NEW YORK — A modest slowdown in defense spending under the new administration, due to the potential for budget cuts to help offset stimulus spending post pandemic, would not materially affect US defense contractors’ cash flows, given the prioritization of national security and the governme…
Philippines Set to Buy India-Russia BrahMos Cruise Missile

Philippines Set to Buy India-Russia BrahMos Cruise Missile

NEW DELHI / MANILA — India and Russia are looking to export to the Philippines their jointly developed BrahMos supersonic cruise missile, a move that may unnerve Beijing, given its border standoff with New Delhi and territorial disputes with other neighbors in the South China Sea.

The BrahMos t…


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