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Cash-strapped Pakistan buys submarines
Pakistan’s decision this week to begin negotiations with China to buy six submarines coincided with confirmation of figures showing that foreign direct investment is down 21 per cent to just $1bn in...
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Thailand’s military: bulking up
It’s probably not an arms race, at least not yet, but south-east Asian governments seem to be out shopping for some very expensive military toys. Submarines seem to be the flavour of the month, sparked...
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Russian Helicopters: hard landing
Another Russian London IPO has flown into trouble – state-controlled Russian Helicopters on Wednesday cancelled its planned $500 million offering. Once again the controlling shareholder – in this case...
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China’s tech-savvy dinosaurs – the PLA app now available on your iPhone
If you are tech-savvy and interested in Chinese military affairs, chances are that you learned of the sea trial of the country’s first aircraft carrier, the Varyag, on your iPhone this morning. Just in...
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CEE: a fillip to defence
By Nicholas Watson of business new europe With many countries making cuts to defence budgets, a series of planned fighter jet purchases in emerging Europe over the next few years is a welcome boost to...
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Arab Spring triggers armoured car boom
Revolutions across the Middle East have been accompanied by a surge in defence spending. At this week’s Dubai air-show, all manner of fast jets and attack helicopters were on display as international...
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India investigates helicopter deal
Another week, another alleged scandal in Indian public life. On Monday, Reuters reported that Indian defence minister AK Antony had ordered an investigation into a $720m purchase of 12 helicopters from...
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Embraer contract: the US flip-flops
It was once the norm in the US to casually brand any equatorial Latin American country as a banana republic. But now it is the US that through its erratic decision-making is displaying the tendencies...
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India’s latest scandal: defence
India is no stranger to corruption allegations when it comes to defence – see, for example, the 1980s Bofors scandal. But on Monday, the army chief, General VK Singh (pictured), told The Hindu...
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How to profit from the Asian arms race
With tensions rising in the South China sea, gung-ho investors may be looking to add a bit of firepower to their portfolio. Nomura, the Japanese investment bank, says an “Asian arms race” is sweeping...
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Corporate watch: Paramount Group takes off with new aircraft
The ‘Ahrlac’ jet may not be an aircraft that you have heard of, but it has its place in aerospace history: it’s the first defence aircraft to be completely designed and manufactured in Africa. Ivor...
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Taiwan to Apple: we prefer it when your maps are wrong…
Even when Apple’s new mapping software gets it right, people are not happy. The latest complaints come from Taiwan’s defence ministry. Apple’s maps are too accurate, they say, in showing images of a...
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Russia: Putin sacks defence minister after corruption probe
Is Vladimir Putin finally getting serious about corruption? The president on Tuesday dismissed defence minister Anatoly Serdyukov following an investigation into an alleged $95m fraud at his ministry....
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Algeria: on a military spending spree
Algeria’s powerful armed forces, which already run Africa’s biggest defence budget, have requested a 14 per cent spending increase for next year, as the country prepares for security threats on its...
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Abu Dhabi pushes for homegrown defence
Abu Dhabi is pressing hard to build a homegrown arms industry, part of a push by Gulf governments to use their status as leading international weapons buyers to create domestic jobs and diversify away...
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Turkish defence industry aims high
By Justin Vela in Istanbul Turkey is moving up in defence manufacturing with the commercial development of the ANKA, its first domestically-made drone (pictured). It’s the product of an industry that’s...
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India’s new rules on FDI: for real?
India’s policy makers have dealt a surprise one-two, as they attempt to stem the depreciation of the rupee, finance the country’s unsustainable current account deficit and prop up the economy all at...
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Brazil’s fighter jet soap opera
Dilma Rousseff It has become one of Brazil’s longest-running soap operas, or ‘telenovelas’: where is the country going to buy its new fighter jets? Brazil has been talking about refurbishing its air...
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Bulgarian defence minister: spending to rise in wake of Russian invasion of...
Bulgaria must bolster defence spending in response to the Russian invasion of Ukraine and war in the Middle East, the country’s defence minister has told beyondbrics in exclusive comments. Velizar...
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Emerging powers and their all-too-secret arms
Last week the Stockholm International Peace Research Institute released its latest figures on world military expenditure, confirming that global defence spending is once again on the rise. Although a...
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