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…

The General Directorate of Armament (DGA) on October 23, 2020 awarded a framework agreement the Piriou, CMN and Socarenam shipyards for the study, development, construction and initial maintenance in operational condition (MCO) of ten Ocean-going Patrol Vessels (PO) for the French Navy. Naval Group …

The German Navy will get new helicopters for their frigates: They will be called Sea Tiger and will be mainly used to fight surface ships and submarines. The Budget Committee of the Bundestag has now released around 2.7 billion euros for the 31 multi-role helicopters.

Like the Sea Lion naval tran…

For 175 million euros, the Bundeswehr is to get a better and safer IT information technology wide area network, ammunition for the Leopard 2 and modernized heavyweight torpedoes for its submarines. The budget committee of the German Bundestag approved the project at its meeting on November 19, 2020….

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…

Defense Minister Benny Gantz announced Sunday that he would form a government committee to investigate the irregular purchase process of submarines and corvettes, an affair that has already resulted in indictments against several close associates of Prime Minister Benjamin Netanyahu, as well as high…