Baykar Technologies, a Turkish manufacturer of unmanned aerial vehicles, has received regulatory approval from the Italian Ministry of Business and Made in Italy to acquire Piaggio Aerospace. The acquisition marks Baykar’s entry into the manned aircraft segment. Baykar disclosed that it outbid competitors from various countries in its efforts to purchase Piaggio Aerospace, an Italian...
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Japan Allocates $51M FY25 Budget for International Defense Aid
Japan has increased its defense aid program budget for fiscal year 2025 by 60 percent compared to the previous year. Prime Minister Shigeru Ishiba allocated $51 million under the Official Security Assistance framework to help the country’s international allies and partners acquire military technologies to enhance their national security and promote regional stability, according to...
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White House Halts Proposed Nippon Steel-USS Merger
President Joe Biden has halted Japanese steelmaker Nippon Steel’s planned acquisition of U.S. Steel due to national security concerns. On Friday, the Biden administration issued an order prohibiting the proposed takeover of the American steel company. The order referenced a report from the Committee on Foreign Investment in the United States, which assessed that the...
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Israel Opens New AI, Autonomous Systems Office to Streamline R&D Efforts
Israel has inaugurated a new office focused on artificial intelligence and autonomous systems. The Israeli Ministry of Defense launched the AI and Autonomy Administration during a ceremony on Tuesday, led by its director general, Eyal Zamir, and attended by several other government and military officials. Zamir, a retired major general, has advocated for a collaboration integrating...
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France Acquires Nokia’s Submarine Networks Business
France has acquired Alcatel Submarine Networks from Nokia, with the State Participations Agency representing the country in the Dec. 31 transaction. Nokia said it will retain a 20 percent share in ASN and have board representation to ensure a smooth transition until the French government takes over the Finnish company’s remaining interest. The technology company...
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US OKs Potential Sale of MK 54 Torpedoes to Saudi Arabia
The United States has approved a potential sale of MK 54 MOD 0 lightweight torpedoes to Saudi Arabia. The deal, worth an estimated $78.5 million, includes 20 torpedoes, spare parts, and engineering, training and logistical support. According to the Defense Security Cooperation Agency, the sale aims to upgrade Saudi Arabia’s anti-submarine warfare capabilities and enhance...
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US Approves Japan’s $3.6B Plan to Acquire Advanced Medium-Range Missiles From RTX
Japan’s potential acquisition of RTX business Raytheon’s Advanced Medium-Range Air-to-Air Missiles and related equipment has received approval from the U.S. Department of State. In a statement released Thursday, the Defense Security Cooperation Agency said Tokyo’s possible $3.64 billion foreign military sale request covers the delivery of 1,200 AIM-120D-3 and AIM-120C-8 AMRAAM and up to 24...
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NATO Wants to Further Tighten Monitoring in the Baltic Sea
NATO is considering additional security measures in the Baltic Sea following recent incidents that have damaged underwater infrastructure in the region. After consulting with member states on Monday, the alliance announced that one of the proposed measures is mobilizing the Maritime Centre for Security of Critical Undersea Infrastructure, established in May, to address potential threats....
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Report: Kremlin Pursuing AI Collaboration With China, Other BRICS Members
Russian President Vladimir Putin has directed his government and Sberbank, the largest bank in Russia, to work with China on developing artificial intelligence. The directive, published on the Kremlin’s website on Wednesday, follows Putin’s announcement in December regarding Russia’s intention to collaborate with other BRICS member countries to advance AI technology, according to a Reuters...
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Austria in Talks With Italy to Acquire New Leonardo Fighter Jets
Austria has decided to purchase M-346 FA fighter jets to replace its decommissioned fleet of Saab 105 aircraft. Klaudia Tanner, the Austrian defense minister, announced the Bundesheer’s plan on Saturday to acquire 12 M-346 FA jets from Italian aircraft manufacturer Leonardo. The agreement will be structured as a government-to-government contract with Italy. The two nations are...