European Investments

The Ministry of Finance informed that an amount much higher than that guaranteed in the Budget Act for 2020 is planned for expenditure related to national defense, learned BulgarianMilitary.com citing Defence24.

The US Senate proposed annually allocating $ 300 million to Ukraine for military needs, including for the purchase of lethal weapons. The State Duma indicated that, in this case, Moscow will consider itself competent to supply weapons to the DPR and LPR fighters

The unmanned devices of the Turkish company Assuva have already passed tests by the Greek authorities. Model Proton Elic RB-128 is mostly a civilian drone, which can even be purchased from certain online stores.

The United States provided $ 60 million in military assistance to Ukraine. This was reported by the press service of the American embassy in Kiev on June 17 on its page on the social network Twitter, learned BulgarianMilitary.com.

Bulgarian Minister of Defense Krasimir Karakachanov said that it is planned to sell MiG-29 fighters after arming F-16 Block 70 multi-role aircraft, learned BulgarianMilitary.com citing Polish news agency Defence 24.

Such a radical business decision is to be dictated by increasing restrictions in the field of sporting weapons and the civilian market in Germany, but also by the possible preference of other brands of weapons when supplying German police formations and the army.

The Turkish company Baykar Makina announced the delivery to the High Command of the Gendarmerie of three unmanned aerial vehicles (UAVs) Bayraktar TB2 (Bayraktar TB2), learned BulgarianMilitary.com.

Serious cost overruns and time delays in critical defense programs related to updating the nuclear weapons sphere were discovered by the UK Parliament Accounts Committee, learned BulgarianMilitary.com citing Defense News.

The Italian company Fincantieri received from the US Navy a contract for $ 795 million, according to which it will provide detailed design and construction of the first new-generation multipurpose missile frigate FFG (X) class.

The first place in terms of military spending is occupied by the United States of America. Over the year, the United States began to spend 5.3% more on defense needs. Their share in world military spending is 38.13%.

In a 123-page national defense development plan presented at a press conference by Norwegian Prime Minister Erna Sulberg and Defense Minister Frank Bakke-Jensen, Russia is mentioned 58 times, and China - 52 times.

The Turkish defense giant Aselsan, despite the economic consequences of the coronavirus pandemic, continued to grow in the first months of 2020 and received new orders worth more than $ 320 million, learned BulgarianMilitary.com according Anadolu report

In 2015-2019, France managed to increase arms exports by 72% compared with the five-year period before, according to the Stockholm International Peace Research Institute (SIPRI), learned BulgarianMilitary.com.

Poland will be able to acquire American Javelin anti-tank missile systems, including 79 launchers and 180 missiles for them. The US State Department approved the possible sale of military equipment

Greece may buy two French-made Belharra frigates about $2.8 billion according to French and Greek MoD statements, learned BulgarianMilitary.com, citing greek news agency Pentapostagma.

European plane maker Airbus said Wednesday that it plans to cut more than 2,300 jobs at its defense and space division by the end of next year, spreading the cuts across several countries