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.
One of Russia's helicopter operators, UTair Helicopters Services has embarked on a new drive to expand its fleet and is planning to take delivery of more than 30 new-build helicopters by 2027. Most, if not all, of these aircraft will be new-generation Mi-8 derivatives such as the Mi-8AMT with an improved avionics suite and the Mi-171A2 with its radical facelift.
Currently its fleet comprise of about 320 helicopters, with the vast majority represented by various Mi-8 derivatives, including more than 110 Mi-8MTV/AMTs and a new-generation Mi-171A2 in addition to 170 Mi-8Ts.
Its main business in Russia is to provide transportation
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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.