Top Stories From Global Defense Industry 05 – 11 February 2024

• South Korea and the United Arab Emirates have decided to increase bilateral cooperation in the defense industry.
• For the first time, Saudi Arabia produced military jet aircraft parts and assembled them on the Hawk T-165.
• In 2023, the order portfolio of Rosoboronexport, the Russian state arms export company, exceeded $55 billion and reached record volumes of the last 23 years.
• 'Defence and Economic Cooperation Framework Agreement' signed between Türkiye and Somalia.
• With the participation of President of Azerbaijan Ilham Aliyev and Baykar Chairman of the Board of Directors Selçuk Bayraktar, the opening and delivery ceremony of the Akıncı UAV hangar to the Azerbaijani Army was held.
• The United States ordered AGM-154C Block III ammunition from the Raytheon company for the Taiwanese Air Force.
• Saudi Arabia signed an agreement with Lockheed Martin for the localization of the production of THAAD air defense system parts.
• Northrop Grumman will modernize Turkish F-16 fighter jets with more than 150 electronic warfare systems.
• A memorandum of understanding was signed between South Korea and Saudi Arabia to expand cooperation in the field of defense.
• The US State Department approved the sale of the Aerostat high-altitude reconnaissance and surveillance system to Poland.
• Saudi Arabia signed a $ 3,2 billion deal to supply air defense systems from South Korea.
• Finland-based Patria announced that it has reached an agreement with two European NATO countries for the sale of its ARIS electronic intelligence system.
• MBDA signed a memorandum of cooperation with Greece-based Miltech and Altus companies for R&D activities for the defense industry.
• The French General Directorate of Armaments ordered military vehicles and equipment in the amount of 1,1 billion euros as part of the modernization plan.
• The US Army announced the cancellation of the Future Attack Reconnaissance Aircraft FARA program, for which billions of dollars were spent.
• A memorandum of understanding was signed between Lockheed Martin and MilDef for the C-130J-30 Super Hercules tactical air transport aircraft.

Top Stories From Global Defense Industry 05 – 11 February 2024

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