A proposed 6.6 percent cut in New Zealand’s defense budget could stall the Oceanian nation’s bid to join the AUKUS military alliance, according to a Reuters report on Wednesday. Wellington is planning to reduce its proposed defense spending for the year ending June 2025 to $3.03 billion from the current year’s $3.25 billion, based on...
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Tag: defense spending
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UK to Build More Multirole Support Ships to Boost Military Readiness
The United Kingdom plans to build six additional warships to support Royal Marines’ special operations. According to a government press release, the new vessels will expand the number of multirole support ships developed under the Royal Navy shipbuilding program to 28, backed by increased defense spending. The MRSS units in the pipeline include Type 26...
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US, Canada Defense Leaders Discuss Efforts to Improve Regional Security
Top defense officials from the United States and Canada discussed ongoing investments, priorities, policies and efforts to address security challenges in the Arctic and North American regions in a meeting at the Pentagon on Monday. Canadian Minister of National Defence Bill Blair informed U.S. Secretary of Defense Lloyd Austin III about Canada’s renewed vision for...
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UK to Boost Defense Budget With $109B Annual Spending Eyed by 2030
The United Kingdom plans to increase defense spending to 2.5 percent of its gross domestic product by 2030, U.K. Prime Minister Rishi Sunak said Tuesday. According to the prime minister, the allocation will result in an additional $94 billion in defense expenditures in the next six years and $109 billion in annual spending by the...
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Singapore Adds Eight F-35As to Earlier Order of 12 Stealth Fighters
Singapore’s Ministry of Defence has announced its acquisition of eight F-35A combat aircraft from Lockheed Martin to supplement its existing order of 12 F-35Bs. Posting on the social media platform X, formerly known as Twitter, the ministry said the country’s steady defense spending enabled the “calculated decision.” On Wednesday, Defence Minister Ng Eng Hen informed...
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Mercury Systems, Lockheed Martin Sign Agreements to Strengthen Swiss Defense Manufacturing
Mercury Mission Systems International SA is working with Lockheed Martin to boost defense technology manufacturing in Switzerland. The companies signed two engineering development agreements, under which Mercury Systems will manufacture embedded computing technologies at its production facility in Geneva. The partnership is the direct result of the Swiss government’s purchase of F-35 Lightning II fighter jets...
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Norway Responds to ‘Deteriorating’ Security Environment With Increased Defense Spending Plan
Norway wants to increase defense spending in preparation for a potential conflict with Russia. “As our security environment is deteriorating, we need to spend more on and pay more attention to defense and preparedness,” said Trygve Slagsvold Vedum, the country’s minister of finance. Under the Norwegian government’s long-term defense plan, about $60 billion will be invested over...
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Estonian Defense Secretary: Ukraine Needs More Ammo to Win Against Russia
Supplying Ukraine with more ammunition will allow the Eastern European nation to win its war against Russia, according to Kusti Salm, permanent secretary at the Estonian Ministry of Defence. The United States and allies in Europe have committed to ensuring that Ukrainian military forces are well-armed, donating over a million shells from their own stockpiles. However, consumption...
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Italy Approves $20.6B in 2023 Budget to Fund Weapons Procurement
The Italian government has allocated around $20.6 billion of its 2023 budget to defense spending for the acquisition of new weapons. Rome’s latest budgeting document shows plans to purchase new tanks, fighting vehicles and rocket launchers. According to Defense News, officials delayed the document’s release to accommodate the military’s updated requirements following Russia’s invasion of...
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US Expects Canada’s Defense Bill Update to Increase Military Spending
The United States is confident that Canada’s upcoming defense policy update will increase military spending to boost capabilities and meet its responsibilities as part of NATO. David Cohen, the U.S. ambassador to Canada, shared in a recent interview that sources from Ottawa made assurances that the policy change will address concerns among military officials over...