DAPA boosts financial support for local firms

by Jon Grevatt

South Korea's Defense Acquisition Program Administration (DAPA) has outlined plans to enhance support for local defence firms hit by the Covid-19 pandemic.

DAPA said on 19 October that it will allocate KRW435 billion (USD370 million) to “help the defence industry overcome a worsening business environment” because of the Covid-19 pandemic. The funding is available as soft loans over 10 years.


Get the full article by
Already a Janes subscriber? Keep reading


NVL Group launches construction of first new Bulgarian MMPV

by Aleksandar Mladenov

The steel cutting ceremony to launch construction of the first Bulgarian Navy Multipurpose Modular Patrol Vessel took place at the newly built workshop of MTG Dolphin in Varna, Bulgaria on 3 December. (Bulgarian MoD)

German shipbuilder NVL Group (formerly Lürssen Werft) held a steel cutting ceremony for the first of two Multipurpose Modular Patrol Vessels (MMPVs) on order for the Bulgarian Navy at the yard of its local shipbuilding partner MTG Dolphin in Varna, Bulgaria on 3 December.


Get the full article by
Already a Janes subscriber? Keep reading


Defence budgets surge across EU in 2020, but collaborative spending falters

by Brooks Tigner

Total collective defence spending across the 26 European Defence Agency (EDA) member states reached a record EUR198 billion (nearly USD223 billion) in 2020, a 5% rise compared with 2019 and the highest level since 2006, according to the agency's latest annual defence data survey released on 6 December. However, spending on joint defence procurement and research among the countries continues to decline.


Get the full article by
Already a Janes subscriber? Keep reading


L3Harris divests Narda-MITEQ electronics business

by Marc Selinger

US defence contractor L3Harris Technologies has completed its previously disclosed sale of electronic parts supplier Narda-MITEQ to US private equity firm J F Lehman & Company (JFLCO), L3Harris announced on 7 December.

Narda-MITEQ, which was part of L3Harris' Aviation Systems segment, makes amplifiers, converters, switches, and other devices for military and commercial systems, including airborne, land, and sea radar; countermeasure, guidance, and surveillance systems; and ground-based and satellite communication systems. It employs about 400 people at three facilities in New York state, Germany, and Italy.


Get the full article by
Already a Janes subscriber? Keep reading


https://www.janes.com/defence-news/industry-headlines/latest/dapa-boosts-financial-support-for-local-firms

South Korea's Defense Acquisition Program Administration (DAPA) has outlined plans to enhance suppor...

Latest Podcasts

The Power of Geography: A conversation with Tim Marshall

In this episode of the Janes podcast, Tim Marshall, journalist and author of The Power of Geography, in conversation with Terry Pattar, examine how our politics, demographics, economies and societies are determined by geography. Tim Marshall w...

Listen now

How to become an effective leader with Lt Col Langley Sharp

Cryptocurrency and Terrorist Financing in the Middle East and North Africa

Incorporating OSINT into the Defence Intelligence Environment

Counter-terrorism: unpacking the concepts of 'sanctuaries' and 'safe havens'

Janes Case Studies

Insight into Islamic State activity, profile and propaganda

View Case Study

An assessment of Iranian air defence

A competitive assessment of the military aircraft market

Identifying an unknown naval platform

Identifying an unknown aircraft

News Categories

Request Consultation

Request a free consultation to discover how Janes can provide you with assured, interconnected open-source intelligence.

Industry Details