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.
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).
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.
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.
Paris has revealed further details of France and Italy's plans to acquire a new version of the SAMP/T as it rushes upgrade air and missile defense capabilities.
Increasingly, defense plans in Europe are converting to contracts for Lockheed Martin’s F-35 and Eurofighter’s Typhoon, giving industry executives on both sides of the Atlantic reason to be optimistic.
PT Dirgantara Indonesia (PTDI) sees itself focusing on special-mission conversions for its CN-235 turboprop transport aircraft, as it looks to keep it relevant in the international market.