Tags » Defense Industry

How France Sank Japan to Win Australia's $40 Billion Submarine Deal

In 2014, a blossoming friendship between Australian Prime Minister Tony Abbott and his Japanese counterpart Shinzo Abe looked to have all but sewn up a $40 billion submarine deal. 1,266 more words


France Just Won One of the World's Most Lucrative Defense Contracts

France has beaten Japan and Germany to win a A$50 billion ($40 billion) deal to build a fleet of 12 new submarines for Australia, one of the world’s most lucrative defense contracts, Australian Prime Minister Malcolm Turnbull announced on Tuesday. 643 more words


Saudi Arabia Wants to Make Half of Its Military Purchases Domestically

As part of a larger shakeup designed to move Saudi Arabia’s economy beyond oil, Deputy Crown Prince and Minister of Defense Mohammed bin Salman Abdulaziz Al Saud said on Monday that the country—the world’s third-largest military spender—will direct… 526 more words


Senate Resolution Would Restrict Weapons Sales to Saudi Arabia

The U.S. defense industry has sold at least $33 billion worth of weapons to its Persian Gulf allies over the past year as dual bombing campaigns against the Islamic State in Iraq and Syria and Houthi rebels in Yemen have depleted stores of aerial bombs and other munitions. 721 more words


The Air Force Just Announced When Its New F-35 Fighter Jets Will Enter Combat

The U.S. Air Force said on Wednesday said it still expected to declare an initial squadron of Lockheed Martin Corp F-35 fighter jets ready for combat between August and December, despite delays in the jets’ computer-based logistics system. 270 more words