Korea's defence industry, Austal rejects Hanwha bid, Indonesia's submarine deal, and the Russian war economy.

South Korea has been given the go-ahead to manufacture 20 KF-21 Boramae, enabling it to explore further defence export markets.

Forward this email  |  View in browser NavalTechnology In Brief April 03, 2024 SPOTLIGHT READ KF-21 approval raises export opportunities for South Korea According to GlobalData reports, the approval of KF-21 production marks a moment for South Korea's national security strategy, promising enhanced defence capabilities and export potential. Hi manoj, tell us what you want to see more of Take our quick survey to share your thoughts about our newsletter Take the survey LATEST NEWS Australia's Austal rejects Hanwha takeover bid over approval concerns The shipbuilder cited its defence contracts in the US and Australia as a point of concern regarding regulatory approval of the proposed acquisition.   Indonesia bolsters naval power with submarine deal Naval Group and PT PAL secure a contract for Scorpène submarines.   Russia's war economy continues to mobilise further in 2024 GlobalData intelligence indicates Russia's aim of spending 6% GDP on defence after a 30% fiscal spending increase on the Armed Forces. Read more news IN-DEPTH READ Aerospace and Defense Predictions For 2024   GlobalData's latest report analyzes the big themes for 2024 across the defense industry, identifying leading and disruptive companies for each theme. For 2024, the top themes are: Advanced Materials, Alternative Propulsion, AI, Counter-Drone, Geopolitics, Hypersonic Technologies, The Internet of Military Things (IoMT), Robotics / Unmanned Systems, Soldier Modernization and Space Systems. Buy report MORE FOR YOU Explore our marketing solutions   Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.    Request a demo Global Defence Technology Digital Magazine   Issue 145 | February 2024   In this issue: opportunities in the global corvette and OPV market, lessons to be learned for stakeholders in the GCAP programme, and much more.  Read the magazine Click below to view more from across the network: Airforce Technology   |   Army Technology   Was this email forwarded to you? Sign up here.   Please send any news or comments to: defence.editorial@verdict.co.uk   GlobalData   At GlobalData we have a proven track record in helping thousands of companies, government organizations, and industry professionals benefit from faster, more informed decisions. You can update your communication preferences to make sure you receive the right information for you.    GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom London  Unsubscribe  |   Manage Preferences