AGP Executive Report
Last update: 2 hours agoTürkiye–South Korea Cooperation: The two countries agreed to expand joint defence production and technology work, including on the Altay tank, and explore bids in third-country markets. Export Contract: Turkish defence firm Aselsan signed a $1.1 billion overseas air-defence deal; the buyer and system were not disclosed. Shipbuilding: Navantia UK opened a new Belfast fabrication hall as part of a £157 million investment across its shipyards, supporting Royal Fleet Auxiliary shipbuilding and 900 jobs and apprenticeships. Naval Procurement: India signed contracts worth 53,866 crore rupees for eight domestically built corvettes from GRSE and Goa Shipyard. U.S. Industry: Lockheed Martin demonstrated in-flight retargeting of a GMLRS rocket, striking a moving target after its aim was updated. Separately, Hanwha won its first U.S. Navy shipbuilding contract since acquiring Philadelphia Shipyard. Ukraine Arms: The U.S. approved a potential $2.1 billion sale of 500 Patriot missiles to Ukraine, with European allies expected to fund the purchase. Israel Aid: President Donald Trump said the U.S. would end annual aid to Israel and shift to arms sales, though the timing and funding details remain unclear.
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