Singapore’s Defence Budget Hike Drives New Military Acquisitions, Opportunities
The Government of Singapore has announced a 12.4% increase in its defence budget for FY 2025, raising it to SGD 23.4 billion (USD 17.4 billion), the largest allocation among government expenditures. This boost will fund major military acquisitions, including two...
Vietnam Acquires South Korea’s K9 Howitzers in Major Defense Deal
Vietnam is set to boost its artillery capabilities through a USD 276 million agreement with South Korea for 20 K9 Thunder self-propelled howitzers. This marks a key milestone, as it is Vietnam’s first-ever procurement of South Korean defense equipment. The K9 Thunder,...
UAE Company Partners with Indonesian Counterpart to Expand MRO Services in Southeast Asia
Sanad, a global leader in aerospace engineering and leasing solutions wholly owned by Mubadala Investment Company PJSC, has established a five-year partnership with Lion Air, Indonesia’s largest privately owned airline. Under this agreement, the UAE company will...