International
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Business/Financial
Czech Group Acquiring Vista Outdoor’s Ammo Business
Vista Outdoor, Inc. [VSTO] and the Czechoslovak Group (CSG) on Monday say that CSG has agreed to acquire Vista’s Sporting Products business for $1.9 billion, giving the Prague-based defense company […]
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International
Lockheed Martin Gets $380 Million Order For Eight Spanish MH-60R Seahawks
The Navy on Oct. 12 awarded Lockheed Martin [LMT] a $379.6 million order for eight Sikorsky MH-60R Seahawk helicopters for Spain. Spain plans to use these Seahawk helicopters to upgrade […]
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International
INDOPACOM Official Names Chinese Military Structure Limitations And Russian Debts To China
The director for intelligence (J2) for U.S. Indo-Pacific Command (INDOPACOM) this week pointed out a weakness in China’s military readiness to potentially attack Taiwan and how Russia owes China now […]
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Pentagon
Zelenskyy: Air Defense “Significant Part of the Answer to the Question of When This War Will End”
Long-range air defense is key to pushing Russia back to its borders, Ukrainian President Volodymyr Zelenskyy said on Oct. 11 on the 594th day since Russia invaded Ukraine for the […]
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Congress
With McCarthy Out, Next Speaker To Have Large Role In Fate Of Future Ukraine Aid
The next speaker of the House, after Rep. Kevin McCarthy (R-Calif.) was forced out on Tuesday, is set to have a significant role in the fate of future security assistance […]
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International
State Department Approves $2.8 Billion Patriot Sale To Spain
The State Department on Wednesday said it has approved a potential $2.8 billion sales of modernized Patriot air defense fire units and related equipment to Spain, the first major foreign […]
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Navy/USMC
U.K. Proceeds With $4.9 Billion In AUKUS Sub Contracts
The United Kingdom awarded contracts worth $4.9 billion total to three British companies to design and manufacture the future SSN-AUKUS nuclear-powered attack submarines. The U.K. Ministry of Defense signed the […]
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Pentagon
Pentagon Details ‘Deep Concern’ With Stopgap Funding Measure’s Lack Of Ukraine Aid
The Pentagon has “deep concern” over the lack of Ukraine aid in the stopgap funding measure passed to avert a government shutdown, the department’s comptroller has said, adding it may […]
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Congress
House Passes FY ‘24 Defense Spending And Ukraine Aid Bills, CR Vote Fails
The House on Thursday evening passed its $826.5 billion defense spending legislation and a separate bill with $300 million in Ukraine aid, while failing on Friday to approve its stopgap […]
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Congress
House Takes Ukraine Aid Out Of FY ‘24 Defense Budget, Will Consider In A Separate Bill
The House has removed $300 million in Ukraine aid from its fiscal year 2024 defense appropriations legislation and is set to consider the funding as a separate bill. The move […]