Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
The Biden administration on Tuesday approved a USD 10 billion arms sale to NATO ally Poland as Russia's war in neighbouring Ukraine rages. The State Department notified Congress that the sale comprises mid-range, mobile HIMARS artillery rocket systems, associated ammunition and related equipment. Poland and other eastern flank NATO allies become increasingly concerned about the possibility of a new Russian offensive in Ukraine along their borders as the one-year anniversary of Russia's invasion approaches toward the end of the month. The department said the sale would support U.S. foreign policy and national security objectives by bolstering the defensive capabilities of a NATO ally. The department also said Poland is a force for political stability and economic progress in Europe. The proposed sale will improve Poland's military goals of updating capability while further enhancing interoperability with the United States and other allies, it said. Poland intends to use these defen
The Biden administration on Tuesday signed off on two new significant arms sales to Taiwan in approvals that are sure to rankle China. The State Department said it had okayed sales worth more than USD 425 million of spare aircraft parts to support Taiwan's fleet of F-16 fighters, C-130 transport planes and other US-supplied weapons systems. The package includes USD 330 million in standard replacement parts and USD 98 million in non-standard equipment along with related accessories and logistics. The sales were announced just weeks after President Joe Biden met his Chinese counterpart Xi Jinping for talks in Indonesia in which China's increasingly aggressive behaviour toward Taiwan was a major issue. China regards Taiwan as a renegade province and has vowed to reunify the island with the mainland by force, if necessary. It has roundly condemned previous US arms sales to Taiwan as violations of Washington's one-China policy" and is expected to react similarly to Tuesday's ...
The Biden administration plans to ask Congress to approve a USD 1.1 billion arms sale to Taiwan that includes hundreds of missiles for fighter jets and anti-ship systems
A gunman carrying a rifle and a handgun killed four people on Wednesday at a Tulsa medical building on a hospital campus, police said
While Afghanistan will still receive the assets, it won't be able to use them because the new regime lacks international recognition, the IMF said
The US State Department signed off on arms sales to Kuwait worth over $4 billion that include eight Apache AH-64E helicopters, the Defense Security Cooperation Agency (DSCA), announced
The Senate fell short in trying to halt the Trump administration's proposed $23 billion arms sales to the United Arab Emirates
The Trump administration has notified Congress that it has approved the sale of $600 million in armed drones to Taiwan, the latest in a series of arms transfers for the island
American defence sales to India has jumped from near zero in 2008 to over $20 billion this year
The defense ministry said Saturday that US weapons help strengthen Taiwan's self-defense in the face of a growing military threat from China
The new policy could be launched as early as February, senior US officials told Reuters
The sale of military equipment was the maximum in Central Asia and Near East region, which amounted to $22 billion