South Korean defense industry giant Hanwha Aerospace has announced a major direct investment package of nearly EUR 100 million to support Estonia’s defense industry and technological independence. According to the company, the goal is to strengthen Estonia’s technological sovereignty and establish a regional center for territorial defense systems in the country. Including associated economic impacts…
The defense industry of the Czech Republic is interested in supporting Ukraine because it is beneficial for itself. This was stated by Martina Tauberova, Vice President for International Relations and Unmanned Aerial Vehicles at the Aerospace Industry Association. “The Czech defense industry is definitely interested in continuing to support Ukraine, as is Czech society. If…
The development costs of the first phase of the Selija Military training area amount to approximately 36.5 million euros, the Ministry of Defence Press Department reports. On February 20, a live-fire training zone was officially inaugurated at the training area, marking a significant milestone in the development of Latvia’s defence infrastructure. The event was attended…
Ukrainian defense manufacturers, once they have fulfilled commitments to the Armed Forces of Ukraine, will be able to export their products in a controlled manner to countries with which security agreements have been signed, Ihor Fedirko, Executive Director of the Ukrainian Council of Defence Industry, has declared. “The export mechanism has also been unblocked, and…
Latvia will allocate ten million euros to support Ukraine under NATO’s NATO Prioritised Ukraine Requirements List (PURL) fund, the government has decided. As Prime Minister Evika Silina (New Unity) explained on social media, the funding would be used to procure weapons and equipment to help Ukraine defend itself. The purchases will be made from Latvia’s…
Lithuania needs about 1 billion euros to develop transport links critical for military mobility, Deputy Defence Minister Karolis Aleksa has said. Aleksa said Lithuania’s overall military mobility needs totaled around 4 billion euros, with most of the funding expected to come from European Union and NATO instruments. “Our needs total 4 billion euros, including around…
Ukrainian enterprises have received their first permits to export controlled goods from the defense-industrial sector. The Secretary of the National Security and Defense Council Rustem Umerov stated this on Telegram. Umerov noted that controlled arms exports were about ensuring state security and developing Ukraine’s defense-industrial complex, opening the way to new security alliances and expanded…