South Korean defence exports increased to $3.4 billion in 2013 bringing it closer to its target of $4 billion of annual exports by 2020.
According to the Defense Acquisition Program Administration (DAPA), defence exports were up $1 billion compared to 2012, and 14 times more than in 2006 when the organisation was established to implement and improve an independent development capability.
‘Arms exports are meaningful as they boost competitiveness of South Korean defence firms by expanding their market internationally, overcoming limited demand in the domestic market,’ DAPA said in a statement.
The national defence budget for 2014 has been set
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The initial document focused more on creating the right partnerships and inspiring investment in defence than on any details of how future UK Armed Forces would be armed.
The first stage of developing a new UK Defence Industrial Strategy has highlighted failings in current structures with solutions expected to be proposed in next year’s full strategy.
Romania joined NATO more than two decades ago and the country is vital to the alliance’s geographic reach and its ability to supply Ukraine with weapons.
Although Trump’s geopolitics policy for Europe remains unclear, defence analysts from the US and Europe predict how his incoming administration would attempt to handle critical issues on the continent.
The UK budget announced in Parliament on 30 October was the first by a Labour government in 14 years which has also launched a review into defence procurement programmes.
The Australian government has placed a focus on Guided Weapons and Explosive Ordnance (GWEO) which has included the purchase of additional long-range rocket systems and investments in local production of missiles.
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