UK Defense Secretary John Healey has reiterated the new Labour government’s commitment to increasing defense spending to the equivalent of 2.5% of GDP.
StandardAero announced the launch of its initial public offering (IPO) process on Sept. 23, seeking to raise $1.1 billion at a valuation of up to $7.5 billion.
General Atomics AeroTec Systems has begun final assembly of the first wing for the Do228 NXT, four years after acquiring the program from Switzerland’s RUAG.
The Japanese Defense Ministry (MOD) has released details of its fiscal 2025 budget request, which called for a further 9.4% increase to military spending—part of Tokyo’s wider Defense Build-Up Program (DBP).
The static test fire at Cape Canaveral SFS marked Blue Origin’s first fueling of a New Glenn rocket stage with flight propellants, and the first engine burn of an integrated flight stage.
With the global arms market peaking and demand from the Israel Defense Forces expected to surge, state-owned IAI lost 13% of its workforce in a single stroke.
Russia’s Soyuz MS-25 crew transport capsule descended into Kazakhstan early Sept. 23, returning two Russian cosmonauts and one NASA astronaut back to Earth .
The Italian Navy is studying the long-term concept of employing uncrewed aerial systems as a possible airborne early warning (AEW) platform for its aircraft carriers.
