Top Stories from Global Defense Industry 11 - 17 March 2024

• US defense company Lockheed Martin announced that it will establish its first Guided Multiple Launch Rocket System production factory in Australia.

• The European Commission announced that it will provide 500 million euros in financing to European companies to increase ammunition production capacity.

• India successfully conducted the first test firing of its indigenous ballistic missile, which can carry more than one warhead.

• It was announced that there are 12,512 nuclear warheads in the world and the investments made by countries in this field have exceeded 82 billion dollars in recent years.

• The Netherlands has agreed with the French Naval Group company to build 4 new submarines within the scope of a project worth 6 billion dollars.

• Brazilian company Embraer signed a cooperation agreement with Singaporean company ST Engineering to improve its relations in the Asia-Pacific region.

• Spain signed an agreement with the German defense company Rheinmetall to supply 94,200 155 mm shells.

• The US military announced the cancellation of the Extended Range Artillery program, which it launched in 2018 to increase the range of artillery.

• Japan commissioned its 3rd Taigei class diesel-electric powered submarine, the construction of which was completed.

• The British government signed a contract to procure 14 CH-47F Chinook long-range military helicopters from the United States.

• Police in South Korea raided the Korea Aerospace Industries (KAI) building as part of an investigation into Indonesian engineers accused of stealing technical information from the KF-21 aircraft.

• Mohammed Al Marri, deputy CEO of the Qatari company Barzan, said that Barzan "wants to open an assembly plant in Qatar" with BMC.

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