Global defence revenues surged to a record $679 billion in 2024, driven by the wars in Ukraine and Gaza and rising geopolitical tensions, according to new SIPRI data. The world’s 100 biggest arms makers saw sales grow 5.9 percent, with strong increases in Europe and steady dominance by U.S. firms. SpaceX entered the Top 100 for the first time, while China posted a rare decline due to procurement disruptions.
Rosoboronexport will present more than 850 defence products at the Dubai Airshow 2025, including full-scale displays of the Su-57E fighter, IL-76MD-90A(E) transport aircraft, Yak-130M trainer, Ka-52 helicopter, UAVs, loitering munitions and air defence systems.
Russia’s United Aircraft Corporation has handed over a new batch of Su-34 fighter-bombers to the Russian Ministry of Defense with production continuing at the Novosibirsk Aircraft Plant. Rostec stated that the Su-34 continues to serve as a key platform for frontline aviation, with the capacity to carry a variety of weapons ranging from unguided bombs to precision-guided missiles.
As NATO races to supply Ukraine before Trump takes office, Europe is struggling to touch two percent of its GDP on defence expenditure while Russia plans to spend more than 32 percent of its national budget on its military.
HAL will be the Indian partner for the manufacture of Russian Ka-226T helicopters after months of speculation that Indian private company Reliance Defence could be selected as partner to Rostec.
