Business

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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Qatar purchase of Raytheon NASAMS air defense system moves forward

The US State Department approved the $215 million sale to Qatar of equipment and services in support of the purchase of the NASAMS air defense system

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Egypt Abrams tank rounds price doubles to $201 million

The US adjusted the estimated cost for the sale of 60,500 tank rounds to Egypt to $201 million, more than double the $99 million value placed on the proposed sale in September

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