Tag: international trade
4 articles
ITAR Restrictions Squeeze US Defense Sales Overseas
US defense sales abroad are getting squeezed by ITAR restrictions, prompting some European firms to rethink their approach to buying American-made weapons. They're increasingly opting for alternatives that don't rely on US-controlled parts.
US Commerce Speeds Defense Sales Advocacy Amid Global Competition
US Undersecretary of Commerce for International Trade William Kimmitt reveals that US defense firms are facing fierce competition from European and Asian rivals as they vie for a slice of the growing global defense market. With Europe's rising defense budgets, Kimmitt is rallying industry input to pinpoint key opportunities and give top picks a boost.
US Clears $700M F110 Engine Sale for Turkey's Kaan Fighter
The US is poised to clear a $700 million deal to sell 80 F110 turbofan engines to Turkey, a crucial component for its next-gen TF Kaan fighter, despite some lawmakers' objections. The engines, valued at $10-15 million each, are already used in Turkey's F-16 fleet and some US aircraft.
Turkish Defence Sector Unveils Deep-Strike Capabilities at SAHA 2026
The Turkish defence sector made a powerful statement at SAHA 2026, securing a whopping $8 billion in export contracts within just three days - a significant leap from $6.2 billion at SAHA 2024. This impressive showcase of deep-strike capabilities drew in 30,000 industry professionals and 140 official delegations from over 120 countries.