Latest news and articles about defense industries from NEX English
DEFEND ID, a leading defense industry company in Indonesia, reported an unprecedented net profit increase of <strong>430.1%</strong> for the fiscal year 2025, reaching <strong>913.05 billion rupiah</strong>. This growth is attributed to enhanced operational efficiency and the implementation of national strategic projects.
Concerns are rising in Europe over losing control of strategic metals to China and the United States, highlighting the fragility of reliance on external imports. This situation raises alarms about industrial security on the continent.
Turkey announced the development of its first locally-made intercontinental ballistic missile named 'Yildirim Khan' during the 'Saha 2026' defense exhibition. The missile boasts a range of approximately <strong>6,000 kilometers</strong> and features hypersonic speeds.
The SAHA event kicks off in Istanbul, featuring a record display of Turkish defense industries. Over 200 new products from leading companies like Baykar, Aselsan, and Roketsan will be showcased.
Istanbul is set to host the fifth edition of the 'Saha 2026' Defense Industries Exhibition from October 25 to 28. This event comes at a critical time as the region experiences significant changes due to recent developments in the war against Iran.
Indonesian Foreign Minister Retno Marsudi announced the strengthening of defense cooperation with the Philippines, focusing on defense industries. This announcement was made during a bilateral meeting in Jakarta with her Philippine counterpart, Teresa Lazaro.
Turkish President Recep Tayyip Erdoğan announced the country's goal to achieve defense and aerospace exports worth <strong>$11 billion</strong> by <strong>2028</strong>. This initiative is part of Turkey's strategy to enhance its position in the global market.
Turkish President Recep Tayyip Erdoğan announced today that Turkey will continue its firm efforts to combat terrorism and enhance its defense capabilities. This statement comes amid increasing security challenges in the region.
Pakistan has announced the commencement of a new drone manufacturing project utilizing advanced technology, reflecting its progress in defense industries. This initiative is part of the country's efforts to enhance its military and technological capabilities.
Ukrainian President Volodymyr Zelensky announced today that Ukraine has reached historic agreements with Gulf countries, focusing on enhancing security cooperation and developing defense industries. This announcement came during his recent tour of the Middle East.
The White House reported the destruction of over <strong>150 Iranian ships</strong>, leading to the elimination of approximately <strong>70%</strong> of Iran's defense industries. This action is part of the United States' efforts to counter regional threats.
Europe and the world are witnessing a significant shift in spending priorities as civilian automotive companies explore new opportunities in military industries. This change comes amid a global military spending increase, reaching <strong>$2.718 trillion</strong> in <strong>2024</strong>.
Brazil has unveiled its first domestically produced supersonic fighter jet, marking a historic achievement in its aviation and defense capabilities. President Luiz Inácio Lula da Silva attended the unveiling ceremony, highlighting the government's commitment to advancing the military industry.
Volkswagen is in talks with Israeli company Rafael to manufacture military components, reflecting the impact of the economic crisis on major corporations. This move aims to diversify revenue sources as demand for traditional cars declines.