Business
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Aug- 2023 -25 August
Spain Approves $2B Purchase of 400 Armored Carriers to Replace M113s
The Spanish government has reportedly approved an investment of 1.95 billion euros ($2.11 billion) for the acquisition of 394 tracked armored vehicles for the army.
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24 August
US Army Taps MAG, L3Harris to Deliver Enhanced ISR Aircraft
The US Army has contracted MAG Aerospace and L3Harris Technologies to deliver two enhanced intelligence, surveillance, and reconnaissance aircraft.
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24 August
Russia to Ramp Up Upgraded Artillery Shell Production 25-Fold
Russia will ramp up the production of Krasnopol-M2 guided artillery shells by 25 times in 2024, according to the munition’s manufacturer.
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23 August
Astronics to Develop Power System for US Army V-280 Valor Aircraft
Bell Textron has signed a contract with Astronics Corporation to develop electrical power and distribution systems for the US Army’s V-280 Valor tiltrotor aircraft.
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23 August
BAE to Develop Secure Battlefield Communication Network for UK
BAE Systems won a $113 million five-year contract to design and manufacture a secure battlefield communication network for the British armed forces.
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23 August
AeroVironment to Acquire US Tech Firm Tomahawk Robotics
AeroVironment has announced its planned acquisition of fellow American technology firm Tomahawk Robotics for $120 million.
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22 August
Turkey Begins Construction of Second Warship for Ukraine
Turkey has launched the construction of the second Ada-class corvette for the Ukrainian Navy.
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22 August
Indonesia, Boeing Agree Deal for Sale of 24 F-15 Jets
Indonesia and US aircraft manufacturer Boeing have agreed on a deal for the sale of two dozen F-15EX fighter jets as Southeast Asia's biggest economy moves to modernize its fleet.
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21 August
Sweden, Ukraine Agree to Jointly Produce CV90 Combat Vehicle
Sweden and Ukraine have agreed to jointly produce the Combat Vehicle 90 infantry fighting vehicle.
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21 August
Pentagon Revives Fifth-Gen Aerial Target Project
The US Department of Defense has awarded Advanced Technology International a $77-million contract to develop Fifth Generation Aerial Target prototypes.
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