by | Aug 9, 2022 | Security
BEIJING (AP) — China said Monday it is extending threatening military exercises surrounding Taiwan that have disrupted shipping and air traffic and substantially raised concerns about the potential for conflict in a region crucial to global trade. The announcement...
by | Aug 8, 2022 | Security
The U.S. Senate’s 95-1 vote in favor of Finland’s and Sweden’s accession to NATO is a major step toward full alliance membership of these important Nordic partners. With only seven of NATO’s 30 members left to ratify, Sweden and Finland could be NATO members before...
by | Aug 8, 2022 | Security
In 2021, Chinese defense-related revenue grew for each of the seven state-owned enterprises involved in Chinese defense production. Growth was variable between the seven enterprises, but all have benefited from relative economic growth in 2021, as well as the People’s...
by | Aug 8, 2022 | Security
NEW DELHI — India is preparing a new list of additional banned foreign-made defense materiel, according to the Society of Indian Defence Manufacturers, with the industry association providing its own input to the government. The effort follows three other lists...
by | Aug 8, 2022 | Security
ANKARA, Turkey — Turkey’s defense and aerospace sales have increased tenfold over the last two decades, with the sector’s export business growing by nearly 1,200%, according to data released May 3 by one of the country’s industry umbrella organizations. Sales in 2002...
by | Aug 8, 2022 | Security
The war in Ukraine has sparked a global hunger for weapons that is likely to play out over years. In some cases, the war is pushing countries to turn to off-the-shelf systems rather than wait for programs already in development. As a result, this new wave of spending...
by | Aug 8, 2022 | Security
WASHINGTON — For Raytheon Technologies, it wasn’t one specific material that surged in price, causing headaches for the defense contractor. Instead, it has been virtually all supplies the company uses to make key defense products, including the F-35 Joint Strike...
by | Aug 8, 2022 | Security
From a global economic perspective, 2021 will largely be remembered as the bridge between the pandemic disruption of early 2020 and operating in a challenging macroeconomic environment dominated by rising inflation, supply chain issues, the likelihood of a 2022...
by | Aug 5, 2022 | Security
MELBOURNE, Australia — The U.S. Navy has delivered to Malaysia the first of three transport aircraft upgraded to perform maritime patrol missions using U.S. funding meant to help regional nations improve maritime security. U.S. Naval Air Systems Command, known as...
by | Aug 4, 2022 | Security
KEELUNG, Taiwan — China conducted “precision missile strikes” Thursday in the Taiwan Strait and in the waters off the eastern coast of Taiwan as part of military exercises that have raised tensions in the region to their highest level in decades. China earlier...
