MILPLEX

The Military Industrial Complex

2,104 articles

Bulgaria OKs spending on new fighter jets, armoured carriers
Jun 08, 2018 (AFP)
The decision was backed by 151 lawmakers, with seven voting against and one abstention. It will allow the defence ministry to restart the investment project for...
Mack receives more than $296M for dump trucks
May 30, 2018 (UPI)
The contract, from U.S. Army Contracting Command and announced on Tuesday, is valued at more than $296.4 million under the terms of a 7-year firm-fixed-price co...
Dassault's death spurs speculation over fate of French empire
May 29, 2018 (AFP)
With interests ranging from cutting-edge jets and industrial design software to wine and an auction house, Dassault's family company holds outsize influence, no...
BAE welcomes Australian economic plan for defense industry
Apr 24, 2018 (UPI)
The plan, announced Monday, is billed as a critical tool for growing Australia's economy by recognizing the opportunity the defense industry can have on it's gr...
US to update Saudi artillery for $1.31 billion
Apr 05, 2018 (AFP)
When US President Donald Trump visited Riyadh last year he boasted that the desert kingdom would spend $110 billion on US equipment and the howitzer contract is...
74% of French people against weapons sales to Saudi: poll
Mar 26, 2018 (AFP)
The study by independent research group YouGov was commissioned by the anti-corporation lobby group SumOfUs to mark the third anniversary of the Saudi-led milit...
Mattis wins big with budget victory
Mar 24, 2018 (AFP)
The centerpiece of the budget signed by President Donald Trump is a $61-billion increase in defense spending, boosting funding for the government's biggest depa...
US approves $1 billion in Saudi defense contracts
Mar 22, 2018 (AFP)
The State Department confirmed it had green-lighted a $670 million deal for anti-tank missiles, a $106 million contract for helicopter maintenance and $300 mill...
France opens 400 million euro credit line for Lebanon
Mar 15, 2018 (AFP)
Prime Minister Saad Hariri thanked Paris at an international conference held in Rome to drum up money to bolster the armed forces of the country, long a proxy b...
War, conflict fuel arms imports to Middle East, Asia: study
Mar 11, 2018 (AFP)
In the period between 2013 and 2017, arms imports to the conflict-ridden Middle East more than doubled, jumping by 103 percent compared with the previous five-y...
China's defence spending to accelerate in 2018
Mar 05, 2018 (AFP)
Beijing will splash out 1.11 trillion yuan ($175 billion) on its military, according to a budget report presented before the opening session of the annual Natio...
BAE profits fall, counts on government defence spend
Feb 22, 2018 (AFP)
Profit after tax dropped 6.5 percent to 854 million ($1.19 billion, 967 million euros) in 2017 compared with a year earlier, with the group hit by a sizeable im...
Russia's Kalashnikov becomes majority private-owned
Feb 15, 2018 (AFP)
Russia's state-run holding company Rostec said in a statement it had reduced its stake from 51 percent to a blocking stake of 25 percent plus one share. It made...
US budget outline calls for huge Pentagon increase, cuts to State
Feb 12, 2018 (AFP)
The $686 billion spending plan -- up from $612 billion in 2018 -- is framed in the context of the Pentagon's new national defense strategy, and comes in stark c...
Airbus to pay 81 mn euros to end German corruption probe
Feb 09, 2018 (AFP)
Prosecutors in Munich said in a statement that their investigation did not find evidence of bribery to secure the lucrative contract. But they said Airbus manag...
France hikes defence spending to hit NATO target
Feb 07, 2018 (AFP)
European NATO members have come under pressure from Trump to relieve the burden on the US, which currently accounts for about 70 percent of combined NATO defenc...
Okinawa vote seen as boosting Japan's bid to relocate US base
Feb 05, 2018 (AFP)
Taketoyo Toguchi, a candidate backed by Abe's ruling bloc, narrowly won Sunday's vote in the town of Nago in northern Okinawa, preventing incumbent Susumu Inami...
Italy's Leonardo outlook sends shares into tailspin
Jan 30, 2018 (AFP)
The group, formerly known as Finmeccanica, changed its name last year for a fresh start after getting embroiled in corruption scandals. Leonardo, Europe's large...
Spain to up defence spending by 73 pct over seven years
Jan 24, 2018 (AFP)
Speaking at a parliamentary defence commission on Wednesday, Defence Minister Maria Dolores de Cospedal said the conservative government planned to increase the...
UK launches fraud probe into defence firm Chemring
Jan 18, 2018 (AFP)
The probe concerns both the parent group and its British-based Chemring Technology Solutions Limited (CTSL) division, an agency statement said. "The SFO confirm...
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