SACHEON, South Korea — As South Korea gears up to reveal a prototype of its next-generation fighter jet in early 2021, Korea Aerospace Industries is pursuing a broader initiative to carve out its presence in the aerospace market, which is dominated by established players in Europe and the US.

M…

Cash-strapped Iran wants to become an arms exporter to generate much-needed income. But so far, no prospective buyers are in sight.

On October 18, a 13-year UN arms embargo against Iran expired. Iranian news outlets had eagerly awaited the moment for weeks. The lifting of the embargo had been agr…

When it comes to Boeing Co.’s 737 Max, things can always get worse. On Thursday, American Airlines Group Inc. and Southwest Airlines Co. added to a chorus of order deferrals and cutbacks for the embattled jet, which has been grounded for more than 18 months following two fatal crashes.

American …

On October 14, the Swedish Defence Ministry outlined a defense bill that covers an increase in the defence budget for 2021-2025 by over 40%. This is the largest increase in the defence capability of the country in 70 years. Among other things, the new bill, which is set to become a law by February 2…

BEIJING — China resolutely opposes the United States selling weapons to Taiwan and urges the U.S. side to stop its military contacts with the island, said Senior Colonel Tan Kefei, a spokesperson for China’s Ministry of National Defense (MND) on Thursday.

Tan made the remarks when asked to comm…

IWAKUNI, Japan. — On October 16, 2020 Marine Aircraft Group (MAG) 12 re-designated Marine All Weather Fighter Attack Squadron 242 to Marine Fighter Attack Squadron (VMFA) 242 as part of the Marine Corps’ ongoing transition process from legacy F/A-18 Hornet aircraft to the newer 5th-generation F-35…