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Northrop Grumman Builds Very Lightweight Torpedo for US Navy
Northrop Grumman has successfully manufactured and tested the first industry-built Very Lightweight Torpedo (VLWT) for the U.S. Navy. The prototype torpedo is based on the Pennsylvania State University Applied Research Laboratory’s (PSU-ARL) design
thyssenkrupp Marine Systems to Acquire Oceana Shipyard in Brazil
thyssenkrupp Marine Systems (Kiel, Germany) has signed a contract to acquire the Oceana shipyard in Brazil (Itajaí, state of Santa Catarina). The seller is Aliança S.A., a company owned by CBO Group (Rio de Janeiro, Brazil), a leader in offshore
China’s Defense Budget to Hit US$ 179 Billion in 2020
China, the second-largest military spender after the US, has hiked its defense budget from last year’s 177.6 billion to US$ 179 billion - nearly three times that of India, the lowest increment in recent years apparently due to the heavy disruption
KMW, Nexter, Rheinmetall to Embark on Initial MGCS Architecture Study
Standing for Main Ground Combat System, MGCS is a joint Franco-German defense project. The program, to be implemented under German political leadership, is tasked with developing a main combat system to succeed the Bundeswehr’s Leopard 2 and the
Lockheed Martin Taking Proactive Measures to Mitigate COVID-19 Impacts to F-35 Production
In response to previously reported COVID-19 F-35 supplier delays, Lockheed Martin) is taking proactive measures to mitigate impacts and position the program for the fastest possible recovery by adjusting work schedules, maintaining specialized
Saudi Arabia Invests $714 Million in Boeing’s Stock
The Saudi sovereign-wealth fund bought big stakes in Boeing and other U.S. tech, bank and travel stocks during Q1 as the Kingdom continues to diversify its investments outside energy by looking for bargains amid the coronavirus pandemic, Investor’s
Latest events
Euro Defence Expo
22 - 25 Sep 2026Messe Essen - Germany
Korean Army International Defense Industry Exhibition – KADEX 2026
06 - 10 Oct 2026Gyeryongdae, Chungcheongnam-do - South Korea
Marrakech Airshow
07 - 10 Oct 2026Marrakech Royal Moroccan Air Force Base - Morocco
AUSA 2026
12 - 14 Oct 2026Walter E. Washington Convention Center Washington, D.C., - United States
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THE WORLD DEFENSE ALMANAC 2026
