MILPLEX

The Military Industrial Complex

2,104 articles

Saudi Arabia seeks major boost to its defence industry
Apr 25, 2016 (AFP)
Saudi Arabia, one of the world's biggest military spenders, seeks a major boost to its small local defence industry under a wide-ranging plan unveiled Monday to...
US approves billion-dollar arms deal with Australia
Apr 25, 2016 (AFP)
The United States government on Monday approved a deal for US firms to sell its close ally Australia $1.22 billion in air-to-air missiles and support equipment....
Safran selling Morpho Detection to the Smith Group
Apr 21, 2016 (UPI)
Morpho Detection LLC, a U.S. subsidiary of France's Safran, is to be sold to Smiths Group Plc. The selling price for Morpho is an enterprise value of $710 milli...
Critics dismiss S.African graft probe clearing arms deal
Apr 21, 2016 (AFP)
A South African judicial inquiry clearing all government officials of corruption over a multi-billion dollar arms deal was greeted with scorn on Thursday by cri...
Spain to extradite suspected French arms trafficker
Apr 18, 2016 (AFP)
A suspected French arms trafficker who was arrested in Spain last week will be extradited to France in 10 days, a Spanish court said Monday. Antoine Denevi, wan...
Canada under fire over Saudi arms sale
Apr 13, 2016 (AFP)
Canada's Liberal government refused to back down Wednesday in the face of growing criticism for having greenlit arms sales to Saudi Arabia that could help it wa...
Netanyahu looks to changing Africa for new Israeli allies
Apr 06, 2016 (AFP)
Four decades after his brother was killed during a rescue operation in Uganda, Israeli Prime Minister Benjamin Netanyahu is embarking on an African mission of h...
Military spending rises again in 2015
Apr 04, 2016 (AFP)
Rising tensions worldwide helped push up military expenditure in 2015, the first increase after four years of declining spending, the Stockholm International Pe...
Airbus to sell defence electronics arm to KKR for $1.2 billion
Mar 18, 2016 (AFP)
The Airbus Group will sell its Defence Electronics business to US investors KKR for 1.1 billion euros ($1.2 billion), a deal which will be finalised over the ne...
Lockheed Martin plans voluntary layoffs for 1,000
Mar 09, 2016 (UPI)
Lockheed Martin Corp. announced a 1,000-job voluntary layoff program to reduce employment in its Aeronautics Division. The program will be available to mid-leve...
Defense Industry center opens in South Australia
Mar 08, 2016 (UPI)
Australia is opening a new Center for Defense Industry Capability to foster and drive innovation and promote defense exports. The center, an initiative of the 2...
China defence spending to rise '7 to 8%' in 2016: official
Mar 04, 2016 (AFP)
China will raise its defence spending by seven to eight percent this year, a top official said Friday, a smaller increase than the double-digit rises of the pas...
Jacobs Engineering leads pilot procurement project
Mar 01, 2016 (UPI)
Jacobs Engineering is to manage an Australian military project to procure and sustain military off-the-shelf combat bridges. The award for Project Land 155 is w...
EU lawmakers urge Saudi arms embargo
Mar 01, 2016 (AFP)
European lawmakers on Thursday called for an EU arms embargo against Saudi Arabia over its military campaign in conflict-torn Yemen which has caused "thousands ...
Finmeccanica, Panama end contract disputes
Mar 01, 2016 (UPI)
Italy's Finmeccanica and the government of Panama reached a settlement on Wednesday that ends contract disputes between them. The disputes revolve around three ...
Australia unveils 'massive' increase in defence spending
Feb 25, 2016 (AFP)
Australia unveiled a massive new investment in the nation's defence capabilities on Thursday to address what Prime Minister Malcolm Turnbull called "high stakes...
US firearms industry marketing to children: report
Feb 24, 2016 (AFP)
The American firearms industry is targeting children as young as six with brightly colored guns and encouraging parents to let children take up shooting at an e...
BAE Systems profit jumps; eyes defence spend recovery
Feb 24, 2016 (AFP)
BAE Systems, the British maker of military equipment, said Thursday that group net profit rose by 24 percent last year, as it looked forward to recovering gover...
US dominates arms trade as Asia, Mid-East boost imports
Feb 21, 2016 (AFP)
The global transfer of major arms has risen in recent years, with the United States increasing its dominance of the trade while the flow of weaponry to Africa, ...
Report: Iran considers Russian arms deal
Feb 17, 2016 (UPI)
Iran may procure Russian military fighters, helicopters and other equipment in an arms deal that could be worth more than $8 billion, according to a news report...
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