South Korea is looking to invest around $4.6 billion to build its defense capabilities by acquiring new weapons systems through the late 2030s. On Friday, the country’s Defense Acquisition Program Administration approved defense spending plans for new SM-3 missiles and four frigates and the local development of an air-to-air missile. While DAPA said the two...
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Category: Geopolitical Issues
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US, UAE Sign Technological Security Agreement at Annual Military Dialogue
The United States and the United Arab Emirates have vowed to boost cooperation on technology security under the Cooperative Technology Security Program Execution Plan. The program mandates the U.S. Defense Technology Security Administration’s International Cooperation Directorate to guide other nations’ defense and security sectors in safeguarding critical local and U.S.-origin military technologies. DTSA Director Michael...
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Sweden to Send Troops to Latvia for NATO’s Enhanced Forward Presence, Forward Land Forces
Sweden will deploy military forces to Latvia to participate in NATO’s Enhanced Forward Presence, Forward Land Forces. In preparation, Stockholm has ordered the Swedish Armed Forces to draft a plan for next year’s deployment. “As a NATO member, Sweden is part of NATO’s collective defense and will contribute broadly to its activities and defense of...
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US Treasury Sanctions Iran-Affiliated Company Supplying Drones to Russia
Sahara Thunder, a company identified as a front for Iran’s Ministry of Defense and Armed Forces Logistics, faces sanctions in the United States for facilitating the design, development, manufacture and sale of drones in support of Russia’s war in Europe. According to the Department of the Treasury’s Office of Foreign Assets Control, the Russian government...
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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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Ukraine, Israel, Taiwan to Receive US Security, Humanitarian Assistance Under New Law
President Joe Biden has signed a bill into law providing seven federal agencies with additional funding to deliver assistance to Ukraine, Israel and Taiwan. The legislation also authorizes the president to transfer defense articles and services from the Department of Defense to foreign countries or international organizations and enables the implementation of sanctions against foreign...
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China Creates New Military Units for Information, Space, Cyber Operations
China has reorganized its principal military force to add three new units that will separately deal with information, space and cyber operations. The new units replaced the Strategic Support Force under the People’s Liberation Army to address the limitations associated with conducting such operations under a single support team. In an event on Friday, Chinese...
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European Commission Signs Agreement With European Space Agency to Cooperate on Actions Addressing Critical Global Challenges
The European Commission is joining forces with the European Space Agency to address global challenges with innovative technologies. Timo Pesonen, director-general for defense industry and space, for the EC and Josef Aschbacher, director general of the ESA, signed a collaboration agreement to combine resources and competence to enhance the European capacity to protect critical infrastructure,...
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US Cuts Back Licensing Requirements for Australia, UK to Promote Trade, Innovation
The United States has scaled down its export control rules for Australia and the United Kingdom to advance defense trade and innovation among the three countries. The Department of Commerce’s Bureau of Industry and Security, which released the interim final rule Thursday to govern trade flow for the AUKUS partners, estimated that the change would...
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US Treasury Designates Entities, Individuals Involved in Iranian Drone, Missile Production
The Department of the Treasury’s Office of Foreign Assets Control has designated 16 individuals and several entities for enabling Iran’s production of unmanned aerial vehicles and ballistic missiles used in a weekend attack against Israel. Companies and individuals subject to assets and trade restrictions include Oje Parvaz Mado Nafar Co. and its CEO Mohammad Sadegh...