Tag

Arms Procurement

All articles tagged with #arms procurement

world1 month ago•2 min saved

NATO's Turkey summit nets $50B in defense deals and cross-border production push

At a NATO summit in Turkey, allies announced more than $50 billion in new defense procurements and cross-border production deals aimed at boosting deterrence and expanding the defense industrial base: Denmark, Finland, Germany and Norway will buy up to five MQ-4C Tritons; an 11-nation coalition including Belgium, Canada, Lithuania and the Netherlands plans up to 10 Saab GlobalEye AWACS; Croatia, France and Spain will pool Airbus A400M fleets; Lockheed Martin and Rheinmetall will co-produce the Army Tactical Missile System in Europe; RTX is exploring European AMRAAM suppliers to strengthen supply chains—advancing NATO’s goal to meet a 5% defense spending pledge.

via Axios|

#arms-procurement #defense-spending #drones

world3 months ago•4 min saved

Asia hedges on security umbrella as Shangri-La Dialogue signals strategic autonomy

At the Shangri-La Dialogue in Singapore, Indo-Pacific states are shifting from an overreliance on the US security umbrella to diversified hedging and regional autonomy, driven by Middle East turmoil, great-power rivalry, and doubts about Washington’s consistency. The forum highlights a surge in independent defense procurements (e.g., Indo-Russian BrahMos missiles to the Philippines, Vietnam/Indonesia pursuing deals with South Korea) and rising concern that Japan could become the new anchor in a post-American security architecture, with European partners hedging as well.

via Asia Times|

#arms-procurement #indo-pacific #shangri-la-dialogue

corruption-international-politics2 years ago•1 min saved

"Ukraine's Multi-Million Dollar Defense Corruption Scandals Uncovered"

Ukraine's main intelligence and security agency uncovered a $40 million embezzlement scheme involving fraudulent arms procurement, implicating current and former senior officials of the defence ministry and heads of affiliated companies. The scheme involved the purchase of 100,000 mortar rounds for the Armed Forces, with the funds being transferred to a foreign commercial entity that never delivered the ammunition. The stolen funds have been seized, and one suspect has been detained, as Ukraine continues to grapple with corruption scandals within its defence ministry.

via Barron's|

#arms-procurement #corruption #corruption-international-politics

international-affairs3 years ago•6 min saved

Ukraine's Failed Weapon Procurement: Bought but Undelivered or Unusable.

Ukraine has paid over $800 million to arms suppliers for contracts that have gone unfulfilled or only partially fulfilled since the Russian invasion in February 2022. Western allies have sent Ukraine tens of billions of dollars worth of weapons, but some of the equipment has been too decrepit to use and needed extensive overhauls. As much as 30% of Ukraine's arsenal is under repair at any given time, which is a high rate for a military that needs every weapon it can get for its developing counteroffensive.

via Yahoo News|

#arms-procurement #broken-equipment #international-affairs