Latest Deals

Caption: Soldier prepares to fire a Carl-Gustaf M4 shoulder-launched weapon system. Credit: Saab

Saab finalises $1.2bn Carl Gustaf transfer to Polish Army

Swedish defence prime Saab has finalised details of a potential deal with the Polish Armed Forces – originally announced on 4 March 2024 – for Carl Gustaf M4 systems. The Central European republic has procured an undisclosed number of Carl Gustaf M4 man-portable, anti-armour weapon systems at a cost of Skr13bn ($1.2bn). Carl Gustaf M4s are used to destroy armoured tanks with add-on armour protection, neutralise landing craft and bunkers, clear obstacles and engage enemies in buildings.

Austal USA awarded $516m contract for surveillance vessel

Austal USA been awarded a $516,481,569 contract modification to further develop the T-AGOS 25 class vessel. In May 2023 Austal USA secured a $3.2bn contract from the US Navy for the design and construction of up to seven T-AGOS 25 class surveillance ships. If all options are exercised, construction will be extended through June 2034. Equipped with the Surveillance Towed-Array Sensor System, the vessels will support the US Navy’s anti-submarine warfare mission.

Taiwan boosts F-16 fleet with $220m US support package

To bolster Taiwan’s defence readiness, the US State Department has approved a potential $220m (T$7.1bn) sale of F-16 spare and repair parts to the Taipei Economic and Cultural Representative Office (TECRO) in the United States. The approval follows recent developments from Taiwan to enhance its F-16 fleet. In 2023, the US Government approved a $500m Foreign Military Sales agreement to supply Taiwan with infrared search and track technology for its F-16 Fighting Falcon jets.

Source: Pharmaceutical Technology

US doubles down on HIMARS order worth an additional $2bn

Lockheed Martin will produce additional High Mobility Artillery Rocket Systems (HIMARS) in a new $2bn contract modification according to a US Department of Defense update. In addition, the new contract modification was announced several days after the US defence prime, alongside Aerostar, had opened the first European-based HIMARS sustainment centre in Romania. Although the facility will primarily support Romania’s land forces it will also prove beneficial for Ukraine and the rest of Europe.