Chinese companies are boosting product research and development spending to veer away from copying foreign products. According to a Nikkei Asia report, listed companies in China spent $228 billion on R&D in 2022, a figure that has more than doubled over the last five years. These firms employ a total of 3.08 million researchers and...
Poland’s Ministry of National Defence has signed three contracts with companies from the Polish Armaments Group to acquire modern light reconnaissance vehicles, heavy infantry combat vehicles and armored personnel carriers. The first deal, worth $290 million, involves the supply of approximately 400 light reconnaissance vehicles to the Polish Army, according to Breaking Defense. PGZ and...
The FBI has launched an investigation into Huafon’s potential violation of a national security agreement with the Committee on Foreign Investment in the United States in connection with the Chinese chemicals company’s acquisition of DuPont’s biomaterials business. CFIUS approved the $240 million acquisition deal, which was finalized in May 2022, with the condition that Huafon...
The United States needs to establish a multilateral supply chain and customs agreement to stop bad actors or countries of concern from accessing critical technologies such as semiconductor chips, according to Nicholas Henderson, a research associate at the U.S. Naval War College. Henderson, who specializes in Chinese international economic policy, wrote in a post on...
Textron Aviation Defense has delivered the eighth Beechcraft T-6C Texan II military training aircraft to the Tunisian Air Force under a Foreign Military Sales contract. The aircraft arrived at Sfax Air Base following a one-month training of Tunisian pilots on the T-6C Texan II in the United States. Participants learned about flight controls, general handling...
The Defense Security Cooperation Agency has broadened third-party financing options under the U.S. Foreign Military Sales program by allowing partner nations the use of letters of credit in their purchases. The new Bank Letter of Credit policy follows the Credit Assured Payment Schedules term of sale codified in January providing FMS partners with a standby...
Funding the technology to maintain proper munitions stockpiles outlined in the UK Defence Command Paper 2023 is the biggest challenge facing the British armed forces, Gary Waterfall, retired Royal Air Force air vice marshal, told Defense News. Deterrence before enemy threats occur, also cited in the document, has to be available at the military’s moment...
New KSE Institute analysis revealed that Russian military equipment uses chips from Western countries, despite these nations implementing sanctions and export controls to cut Russia’s access to their semiconductors. According to a CNBC report, the Kyiv-based think tank identified over 1,000 foreign-made components in 58 Russian military weapons, vehicles and other equipment recovered in Ukraine...
The Italian government is drafting measures to support the country’s strategic industrial sectors, including microelectronics, and promote foreign investment programs worth at least $1.1 billion, Reuters reported. Citing documents it obtained, the news agency said Italy plans to provide tax breaks of approximately $689 million for five years to support research and development efforts in...