News in Numbers

The UK and Ukraine have signed the Defence Export Support Treaty to allow Kyiv to draw on £3.5bn ($4.44bn) of export finance to acquire military equipment from UK companies.

An Italian joint venture, Orizzonte Sistemi Navali (ONS), has been commissioned to build two additional FREMM frigates – an evolved (EVO) version – for the Italian Navy.

South Korea’s defence budget is on a trajectory to reach $54.7bn by 2029, an increase driven by escalating tensions with North Korea.

A prominent British defence technology company, QinetiQ, has won a £15m ($19.2m) deal to run a data management system known as Thundercloud for the UK Ministry of Defence.

The UK has completed 1,000 equipment projects in support of Ukraine since 2022 according to the country’s Ministry of Defence, ranging from ammunition, artillery, tanks, and more.