New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.
Nordic Aviation Capital (NAC) has completed the purchase of three new ATR 72-500s from ATR for lease to TRIP Linhas Aéreas of Brazil.
This is a landmark transaction in NAC’s history as it is the first purchase of factory new aircraft from ATR. TRIP Linhas Aéreas is the second largest operator of ATRs in the world with a fleet of 27 ATRs and five Embraer E-175 jets.
Nordic Aviation Capital is a global aircraft leasing company dedicated to the worldwide sale, purchasing and financing of commercial jet and turboprop aircraft. It is currently the largest turboprop lessor in the world and will mark its 20th birthday in 2010.
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.
Rachel Reeves announced port upgrades, protected budgets for innovation and investment in novel technologies.
The Australian Budget was marked by tax cuts and a looming general election which led to little hope that there would be a substantial defence boost even with a big bill for nuclear submarines due.
The communications company Gilat launched its new Gilat Defense division at the Satellite 2025 expo, with future solutions aimed at US military customers.
US services have already conducted multiple tests with military maritime systems fitted with the system.
Europe’s Organisation for Joint Armament Cooperation (OCCAR) “has to establish itself…as a centre of excellence for cooperative Defence Equipment Programmes” in the face of growing threats and the need for rearmament, according to the organisation’s chairman.