Leonardo, KNDS forge European industry alliance for next-gen tanks

ROME — Italy’s Leonardo and Franco-German consortium KNDS are forming a “strategic alliance” to build tanks and possibly more, the companies said on Wednesday. The new alliance will focus on kickstarting Italy’s involvement in the long heralded and much delayed...

South Korea to increase defense spending over five years

MANILA, Philippines — South Korea plans to spend 346.7 trillion Korean won (U.S. $262.8 billion) in the next five years to bolster its defense capabilities amid, according to the country’s Defense Ministry. The ministry announced its 2024-2028 midterm defense plan...