Latest news with #DefenseIndustriesCommission
Iraq Business
01-04-2025
- Business
- Iraq Business
Iraq Expands Domestic Arms Production, Saves $700m
By John Lee. Iraq's Defense Industries Commission (DIC) has announced plans to expand its domestic arms manufacturing capabilities in 2025, with a focus on mortars, field rocket launchers, and artillery systems. The Chairman of the DIC told state-run Iraqi News Agencey (INA) that the move is part of a broader strategy to reduce reliance on foreign suppliers and strengthen Iraq's defense industry. Mustafa Aati said the commission's factories are developing new light weapons, medium ammunition, and heavy artillery shells, alongside increased production of mortars, rocket launchers, and artillery. He added that the shift to local production is already delivering significant cost savings; contracts signed in 2023 and 2024 for domestically produced weapons and ammunition have saved the Iraqi government over $700 million. (Source: INA)
Iraqi News
17-02-2025
- Business
- Iraqi News
Iraq, Britain sign deal to localize gunboat industry
Baghdad ( – In a step that enhances the country's defense capabilities, Iraq's Defense Industries Commission (DIC) revealed on Sunday that it signed a cooperation agreement with Britain to localize gunboat and maritime services in Iraq. According to a statement released by the DIC, the agreement was signed in the Iraqi capital, Baghdad, where the head of Iraq's DIC, Mustafa Hassan, hosted a high-level British delegation led by Baroness Nicholson, the president of the Iraqi-British Business Council (IBBC) and a member of the House of Lords. The delegation included the chairman of Aluminium Marine Consultants (AMC), the UK's leading aluminium boat construction firm, and other British officials. During the meeting, a support agreement was signed in compliance with the Prime Minister's instructions. The agreement aims to increase military collaboration between the two countries by localizing gunboat manufacturing operations and technologies in Iraq. As the government attempts to localize military industries and lessen dependency on imports, this agreement illustrates Iraq's aspirations to improve its naval defense capabilities by utilizing British experience and technologies.
