The Defense Ministry’s initial budget request for fiscal 2023 includes a fourfold increase in spending through a U.S. equipment procurement program that has long been criticized as wasteful and ...

The Korean government has begun procedures to join the European Union (EU)'s joint weapons procurement program worth 245 trillion won. If an agreement is signed, it could receive an exception from ...

In 1977, the U.S. gave Israel permission to employ foreign military financing funds to acquire the Merkava tank. Seven years later, Washington formalized a program for Israel to designate $250 million ...