U.S. State Secretary Antony Blinken has approved an amended ammunition sale to Israel, calling for additional M107 155 mm ammunition ancillaries, which increases the estimated cost to $147.5 million from the initial $96.51 million order. The Defense Security Cooperation Agency said the Department of State skipped congressional review for the added procurement after Blinken determined...
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Category: Middle East
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Treasury Issues New Round of Sanctions Over Houthi Attacks in Red Sea
The Department of the Treasury has imposed new sanctions against entities aiding Iran in providing financial assistance to Houthi forces in Yemen. In a press release posted on Thursday, the Treasury’s Office of Foreign Assets Control designated Nabil Ali Ahmed Al-Hadha pursuant to Executive Order 13224, which prohibits transactions with terrorists. According to OFAC, Al-Hadha serves...
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Intel Wins $3.2B Incentives for $25B Israeli Chip Factory
The Israeli government is providing a $3.2 billion incentive for Intel’s new $25 billion chip factory in Kiryat Gat, southern Israel, where the company already has a chip-making facility. According to a statement, Intel’s Israeli plant expansion is an important element in its effort to promote “a more resilient global supply chain,” which also includes manufacturing investments...
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US Approves Sale of $1B Defense Training to Saudi Arabia
The Department of State has approved the potential foreign military sale of training and related equipment to Saudi Arabia. The proposed sale covers a range of training offered by the Department of Defense and the U.S. Air Force, including flight training for the Royal Saudi Air Force and other Saudi military services. The possible foreign...
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Treasury Sanctions Entities for Export of US-Made UAV Components to Iran
The U.S. Department of the Treasury’s Office of Foreign Assets Control is imposing sanctions on companies and individuals based in the Middle East and East Asia for the export of American and foreign-made components to support Iran’s unmanned aerial vehicle production. In a notice published Tuesday, OFAC named Iran-based Hossein Hatefi Ardakani, Mehdi Dehghani Mohammadabadi...
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BAE Systems Selects AMS to Repair, Restore Ukraine’s Artillery Systems
BAE Systems has signed an agreement with AMS Integrated Solutions to provide artillery systems support within Ukraine. Under the deal, finalized in Kyiv, the partner companies will repair BAE-built artillery systems donated by the United Kingdom to the Ukrainian armed forces. The arrangement calls for AMS to use its existing maintenance facilities in Ukraine to...
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Saab to Supply Underwater Drones to Kuwait
The U.S. Navy has awarded Sweden-based defense and aerospace company Saab a contract to supply a Double Eagle Semi-Autonomous Remotely Operated Vehicle to the Kuwait Naval Force. The SAROV order, which was processed through the U.S. Foreign Military Sales program, is worth $16 million and expected to be delivered by September 2025, according to the online...
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Rafael Advanced Defense Systems Names Yoav Turgeman as New CEO
The board of directors of state-owned Israeli company Rafael Advanced Defense Systems has appointed Yoav Turgeman as its new CEO, replacing Yoav Har-Even, who held the position for over eight years. Yuval Steinitz, Rafael board chairman, hailed the unanimous vote and expressed confidence in Turgeman, saying he has the necessary experience, competencies and skills to...
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Thales Collaborates With Edge Group’s EPI for Precision Engineering
The Thales Group and EPI, an entity under the Edge Group, have signed a letter of intent to explore procurement opportunities for industrial parts and engineering services. EPI is a precision engineering company supporting the aerospace, defense and oil and gas industries across the United Arab Emirates. The company provides manufacturing engineering, surface treatment, coating, repairing and...
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Germany and Israel Finalize Arrow 3 Acquisition
German and Israeli officials, led by Israel Ministry of Defense Director General Eyal Zamir, have signed a final agreement for Germany to acquire the Israeli-manufactured and U.S.-developed Arrow 3 missile defense system. In its announcement via social media, the Israeli Ministry of Defense valued the deal at about $3.6 billion and described the signing as...