Security

US, Australia announce additional basing and weapons plans

The U.S. and Australia announced new agreements on basing and building weapons together Tuesday, part of an attempt to cement the Biden administration’s strategy in the region. The first initiative will increase America’s access to bases on Australia’s western and...
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North Korea seeks to mirror the South’s defense sector boom

South Korea’s arms producers, recently dubbed members of the K-defense industry, are rising stars on the international stage, much like K-pop and K-drama. Because of the Russia-Ukraine war, many European countries have increased their defense budgets and become major...
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Chinese defense firms saw mixed results, corruption fallout in 2023

The seven Chinese state-owned enterprises included in the Defense News Top 100 saw mixed results in 2023. The two largest companies performed well, with double-digit growth in their defense-related revenues between 2022 and 2023. Two other companies maintained steady...
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Push for self-reliance drives defense revenue surge among Top 100

A twin-engine fighter jet bearing Turkey’s red and white flag on its tail coasted down a runway at an air base near the capital Ankara in February. The aircraft — somewhat similar in style to an American F-22 or F-35 — picked up speed and lifted off. When the fighter,...
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