Press Releases

SIPRI: The World Enters a New Era of Risk

Stockholm International Peace Research Institute has published a report on risks for global security and environment. The authors state that the much severe risks are hiding behind the headlines of the conflict in Europe and the aftershocks of the Covid-19 pandemic.  The deepening twin crises in security and the environment become a trend of the…
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Siemens Leaves Russia

The German company Siemens has announced its decision to leave the Russian market due to the special military operation in Ukraine. Earlier, on March 2, the comapny announced the suspension of deliveries and work on new businesses in Russia, reducing its activities to servicing existing projects. In a statement published on May 12, the company…
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Finland Terminates the Contract with Rosatom

Rosatom has expressed its "sincere disappointment" related to the decision of the Finnish party to terminate the contract for the construction of the Hanhikivi-1 NPP by Fennovoima Oy. The contract for the construction of the NPP was signed by Rosatom's subsidiary ROOTS Project Oy and Finnish Fennovoima in 2013.  On May 2, 2022, Fennovoima announced…
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World military expenditure reaches it peak

SIPRI reports that total global military expenditure reached $2113 billion in 2021, increasing by 0.7%. The five largest spenders were the United States, China, India, the United Kingdom and Russia, together accounting for 62% of expenditure.    Military expenditure reaches record level in the second year of the pandemic. This was the seventh consecutive year…
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Finland to Aquire Pre-series Patria 6×6

The Finnish Defence Forces has signed the agreement with Patria to acquire  Patria 6x6 vehicles as a pre-series related to the joint 6x6 vehicle programme between Latvia, Finland, Estonia and Patria. The agreement was announced today by Patria's press service. [newslist] According to the statement, the pre-series vehicles will be in test use of the…
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Tu-160M Strategic Bomber Makes its Maiden Flight

The first newly manufactured strategic missile carrier Tu-160M made its first flight from the airfield of the Kazan Aviation Plant on 12 January, said the press service of the United Aircraft Corporation (UAC) in a release.  [newslist] The program of reproduction of Tu-160 aircraft in the modernized form of the Tu-160M was launched by the…
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Leonardo Leads Work in Typhoon’s E-Scan Radar

Italian Leonardo will deliver R&D work as well as key antenna, processor and APSC components for the HENSOLDT-led ECRS Mk along with the development and delivery of the Typhoon’s ECRS Mk0 and ECRS Mk2 radars. [newslist] Leonardo has announced in a press release that it has signed contracts valued at more than €260 million with…
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WDS to Positively Affect KSA’s Economy

As Saudi Arabia looks to localize 50% of its military expenditure under national Vision 2030 objectives, the World Defense Show (WDS) – taking place in Riyadh from 6-9 March 2022 under the patronage of King Salman bin Abdulaziz Al Saud – will unlock opportunities for international exhibitors & visitors to be part of the Kingdom’s…
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EDGE Group at the Egypt Defence Expo 2021

EDGE Group, the leading advanced technology group in the Middle East for defence and beyond, and one of the top military suppliers in the world, has reported its highly successful participation at the Egypt Defence Expo 2021 (EDEX 2021), held in the Egyptian capital.  [newslist]   EDGE had a major presence within the UAE pavilion…
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ROE Organizes A display of Russian Products at EDEX 2021

  Rosoboronexport (ROE) of the Rostec State Corporation is organizing a large-scale display of products of Russian defense enterprises at the  Egypt Defence Expo EDEX 2021, which will be held from 29 November to 2 December 2021 in Cairo. This was announced today by the press service or the Rostec State Coprporation. [newslist] “Egypt is…
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