British Prime Minister David Cameron is in the United Arab Emirates to kickoff a three-day trade visit to the Middle East aimed at securing major UK arms deals with Gulf Arab states.The Downing Street issued a statement in which...
Lockheed Martin announced it has been awarded a $26 million foreign military sales contract to modernise the Royal Jordanian Air Force’s national air command, control and communications infrastructure, by the US Air Force."Lockheed Martin will provide the Kingdom of Jordan with an...
Iraq announced on Thursday it has signed $4.2 billion worth arms deals with Russia, during a meeting between Russian Prime Minister Dmitry Medvedev and Iraqi Prime Minister Nuri al-Maliki in Moscow.The deal has given Russia a big boost at a...
The UAE's state-owned investment firm Tawazun Holding said on Thursday it will develop, manufacture and integrate guided systems for conventional air munitions in a joint venture with Denel, South Africa's biggest maker of defence equipment.Analysts are seeing the move as a...
Israel is one of the world's top arms exporters and is also one of the biggest arms buyers, a report released by the Congressional Research Service (CRS) at the Library of Congress said on Tuesday.According to findings entitled Conventional Arms...
Weapons sales by the United States tripled in 2011 to a record high, driven by arms sales to its allied Gulf states, a new Congressional study said on Monday.Overseas weapons sales by the US totalled $66.3 billion last year,...
Saudi Arabia and other Gulf countries have shown interest in buying the most advanced Lockheed Martin Corp missile defence system to counter perceived threats, executives of the Pentagon's top supplier said on Wednesday.The GCC is a political and economic...
Despite the gloomy world economy, global arms trade hit post-Cold War peak in 2012, a Russian report issued earlier this month revealed.According to the report, Russia's Centre for Analysis of World Arms Trade said global military equipment exports hit $69.84 billion this year, the highest level since the end of the Cold War.Driven by complex factors including turmoil in the Middle East and huge appetite of international arms dealers, the alarming situation is likely to have huge ramifications for world peace.The trade registered a 3.84% increase to the tune of $67.26 billion in 2011, already 20% higher compared to $56.22 billion in 2010.Increases in 2010 and 2011 were a result of weapons deals that had been delayed due to...
A German media report said on Sunday Qatar is considering buying up to 200 tanks at a cost of around two billion euros ($2.46 billion).According to a report due to be published in Monday's Der Spiegel magazine, Chancellor Angela Merkel...
Algeria and the United Arab Emirates announced on Tuesday they will jointly produce NIMR armoured vehicles in the North African country. The agreement, signed on 19 July between the Algerian Ministry of Defence's Mechanical Industry Promotion Group and the United...
The United Arab Emirates armed forces announced on Thursday it has awarded a contract to Oshkosh Corporation to provide 750 MRAP All-Terrain Vehicles (M-ATVs).The Oshkosh, Wisconsin-based company is scheduled to deliver M-ATVs to the UAE between January and August 2013, pending...
According to a British newspaper report, BAE Systems is close to sealing a $808 million deal with Saudi Arabia to sell up to 30 Hawk trainer aircraft.The deal comes as a welcome relief for the defence giant which is...
Governments in the Middle East and North Africa region are likely to spend a fortune of $118.2bn per year on military hardware in order to ward off Arab Spring-like uprisings, a new report revealed.A study conducted by Cayman Islands-based...
An executive of Lockheed, one of the biggest US weapons maker, said on Wednesday he expects more sales of anti-missile interception systems in the Gulf amid a potential military confrontation between US-Israel and Iran.Lockheed sealed a $3.6 billion deal with the United...