Sweden based Saab has signed a contract with the Polish Ministry of Defence’s procurement authority for delivery of the Carl-Gustaf M4 weapon, ammunition and training equipment. The order value corresponds to SEK 12.9 billion and the contract period is 2024-2027. The order is expected to be booked by Saab before the end of Q2 2024, while…
China on Tuesday announced a 7.2 percent increase in its defence budget, which is already the world’s second-highest behind the United States, even though the People’s Liberation Army (PLA) surpasses the US military by number of personnel. Noteworthy, the 7.2 percent increase, identical to last year’s figure, was announced at the start of the annual…
The Defence Minister of India Shri Rajnath Singh launched Acing Development of Innovative Technologies with iDEX (ADITI) scheme to promote innovations in critical and strategic defence technologies, during DefConnect 2024 in New Delhi on March 04, 2024. Notably, under the scheme, start-ups are eligible to receive grant-in-aid of up to Rs 25 crore for their…
Days after a technical team from India arrived in the Maldives, to replace troops that President of Maldives Mohamed Muizzu wanted to be removed, the Maldivian Defence Ministry announced signing of a defence pact with China. Maldives’s Minister of Defence Mohamed Ghassan Maumoon and Major General Zhang Baoqun, Deputy Director at China’s Office for International…
Indian Ministry of Defence has signed a tripartite Memorandum of Understanding (MoU) with BEML Limited, Bharat Electronics Limited (BEL) and Mishra Dhatu Nigam Limited (MIDHANI) for indigenous development of Advanced Fuelling and Control System for Engines for heavy duty applications. The MoU was inked with Chairman & Managing Director, BEML Limited Shri Shantanu Roy; CMD,…
India’s Defence Minister Shri Rajnath Singh will be inaugurating two major piers and seven residential towers comprising 320 houses for Naval Officers and Defence civilian personnel and 149 single officers’ accommodation in Naval Base Karwar under Project Seabird on 5 March 24. Basically, Project Seabird is the largest naval infrastructure project for India, it involves…
Taking the spirit of Atmanirbhar Bharat and Make in India initiative forward, the Department of Military Affairs under the Indian Ministry of Defence, is conducting an intensive Brainstorming over the next two days on March 4-5, 2024 between the Service Headquarters and important stakeholders from Department of Defence Production, Defence Industry representatives and other relevant…
General Dynamics European Land Systems – Steyr (GDELS) has been awarded a contract to deliver an additional 225 PANDUR 6×6 EVO wheeled armored vehicles to the Austrian Armed Forces. The contract has an initial value of 1.2 billion euros (U.S. $1.3 billion). GDELS already has 100 PANDUR EVO vehicles under contract, with the third batch currently…
Elbit Systems has announced that it was awarded a contract worth approximately $600 million to supply systems to Hanwha Defense Australia for the Australian Land 400 Phase 3 Project. This project aims to deliver advanced protection, fighting capabilities and sensors suite to the Redback Infantry Fighting Vehicles (IFV) for the Australian Army. The contract will…
Rheinmetall has won an order to supply a European member of NATO with multiple rocket launcher ammunition. The delivery is to take place from 2024 to 2027. Notably, the order, which was already booked in December 2023, represents sales volume for Rheinmetall of more than €300 million, without value added tax. Rheinmetall Expal Munitions of…
