The Bureau of Industry and Security has imposed export restrictions on 11 entities in China, Russia and the United Arab Emirates for acquiring U.S. products to support Chinese military modernization efforts and produce Shahed-series unmanned aerial vehicles. The organizations were added to the Department of Commerce’s Entity List, including Linkzol Technology, Xi’an Like Innovative Information...
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Tag: military modernization
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SIPRI: US Remains World’s Top Arms Supplier, But Production Issues Cut Revenues
The United States continued to dominate the list of the world’s top 100 arms and military services companies, accounting for 51 percent of the sector’s $597 billion revenue in 2022. According to new data from the Stockholm International Peace Research Institute, the 42 U.S. defense companies on the list saw supply chain, labor shortage and...
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UK Defense Chief Calls for Integration of Emerging Tech Into Armed Forces
The British military needs to advance the development and deployment of new technologies most useful in the modern battlefield, according to Royal Navy Adm. Tony Radakin, chief of the defense staff at the U.K. Ministry of Defence. In his keynote speech at the 2023 Defence and Security Equipment International trade show on Thursday, Radakin said...