Business

Israel’s Rafael and Aeronautics sign agreement to develop and manufacture advanced drones

Rafael and Aeronautics signed a 5-year agreement that involves joint marketing and sales of UAVs, first in Israel and expanding overseas

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Croatia threatens to cancel F-16 purchase from Israel over months of delays

Croatia threatened to cancel its purchase of F-16 fighter jets from Israel after months of stalling due to a lack of US approval

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Japan unveils record $47 billion defense budget

Japan's defense budget will swell to a record $47 billion next year as it boosts missile defense capabilites and procures stealth jets

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Raytheon awarded $141 million for 1,260 Small Diameter Bomb II glide bombs

Raytheon was awarded a $141 million contract to produce 1,260 Small Diameter Bomb II Lot 5 glide bombs and associated equipment

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US approves $3.5 billion sale to Turkey of Patriot missile systems

The US State Department cleared a possible $3.5 billion sale of Patriot air defense systems to Turkey, the DSCA said

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Raytheon awarded $57 million for Evolved SeaSparrow Missile production requirements

Raytheon was awarded two contracts for for long lead material for the production of Evolved SeaSparrow Missiles, the U.S. Department of Defense said

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Russia overtakes UK to become world’s second biggest arms producer

Russia has overtaken the UK to become the world's second biggest arms producer behind the US, SIRPI said in a report

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Slovakia F-16 fighter jet deals signed, but prime minister says contracts ‘invalid’

Slovakia's prime minister clashed with the defence ministry over a deal to acquire US-made F-16 fighter jets in the NATO member's biggest military purchase

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Nigeria A-29 Super Tucano light attack aircraft contract finally lands

Sierra Nevada has been awarded a long-awaited contract for 12 A-29 Super Tucano light attack aircraft for the Nigerian Air Force

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US approves $1 billion sale to Egypt of 10 Apache AH-64E helicopters

The US approved a potential $1 billion sale to Egypt of 10 Apache AH-64E helicopters and related equipment, the DSCA said

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