How UAE defence giant EDGE Group plans to double its exports
The UAE defence conglomerate has put an aggressive strategy in place to increase its share of exports while navigating the growing gap between East and West.
North Korea reached another milestone in its nuclear ambitions by successfully launching a solid-fuelled intercontinental ballistic missile (ICBM) for the first time on 13 April.
Pyongyang called the new-type ICBM a Hwasong-18. The missile followed a lofted trajectory after being launched from a nine-axle transporter-erector-launcher (TEL).
Kim Jong-un was in attendance with his daughter, who is now a constant fixture at such missile launches.
State media said: ‘The test firing was aimed at confirming the performance of the high-thrust solid-propellant multistage motors, the stage separation technology and the reliability of various functional control systems, and appraising the military utility of
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The UAE defence conglomerate has put an aggressive strategy in place to increase its share of exports while navigating the growing gap between East and West.
The US Congress has raised concerns about how inflation rates and cuts in main acquisition programmes could affect the US military.
Washington’s ageing inventory and the pace Moscow and Beijing have been modernising their capabilities put in check the US Nuclear deterrence.
The Pentagon has been operating under temporary funding since October 2023, which has impacted its main acquisition and development programmes, increasing the capability gap between the US and China.
In 2023, defence spending increased by an unprecedented 11% across European NATO countries and Canada. Since 2014, the group has spent an additional US$600 billion on defence.
The DoD requested nearly US$850 billion to fund operations over the next fiscal year. Despite the amount being 1% higher than the FY2024 budget request, it has not covered the 3% inflation rate, which could impact the DoD’s main programmes in the medium and long term.