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29th December 2020 - 12:00 GMT | by The ClarenceRSS The major multi-year funding injection announced by the UK government in November 2020 appears attractive but in fact it lays bare a dilemma at the heart of the MoD. The UK MoD enters 2021 having won a significant victory in its battles with the Treasury. Prime Minister Boris Johnson firmly aligned himself with Secretary of State for Defence Ben Wallace in November, by agreeing a multi-year funding settlement worth £16.5 billion. This represents a marked change in fortunes . Want to read more? To read this article, along with thousands of others like it, start your Premium News free trial. ....
Military End User list comprises 103 companies that pose an ‘unacceptable risk’ of diverting goods to the Chinese, Russian or Venezuelan military. The Bureau of Industry and Security (BIS) in the US Department of Commerce announced on 21 December that it has added a new Military End User (MEU) list to the Export Administration Regulations. A total of 58 Chinese and 45 Russian companies, such as Chinese aviation conglomerate AVIC and its subsidiaries as well as Russian defence giant Rostec, were deemed to represent an unacceptable risk of use in or diversion to military recipients in China, Russia, or Venezuela. Commerce Secretary Wilbur Ross said: ‘The Department recognizes the importance of leveraging its partnerships with US and global companies to combat efforts by China and Russia to divert US technology for their destabilising military programmes, including by highlighting red flag indicators such as those related to Communist Chinese military companies ide ....
17th December 2020 - 17:29 GMT | by Tim Martin in London RSS Despite discussions between the UK MoD and Lockheed Martin UK to assess driving costs of the F-35B programme down, the two have not talked about how to resolve a multibillion pound funding gap troubling acquisition plans. The UK MoD and Lockheed Martin UK have not spoken about how to bridge a £7.9 billion ($10.7 billion) funding gap for the 48 F-35B fighter jets currently on contract and additional aircraft to be bought in the future. The funding black hole was originally identified by the . Want to read more? To read this article, along with thousands of others like it, start your Premium News free trial. ....