Latest news with #militaryhardware
Bloomberg
4 days ago
- Business
- Bloomberg
Hungary to Privatize Defense Assets in Win for Orban-Backed Firm
Hungary plans to sell company holdings belonging to its state defense industry conglomerate to a unit of telecommunications group 4iG Nyrt, according to statements from the company and the Economy Ministry. Under the proposed deal, 4iG will absorb stakes in defense industry joint ventures held by state-owned N7 Holding, in a two-step transaction. Subsidiaries involved in the transaction include Rheinmetall Hungary Munitions Zrt, Rheinmetall Hungary Zrt and Colt CZ Hungary Zrt, alongside other producers of ammunition, small arms and military hardware.
ABC News
27-05-2025
- Business
- ABC News
Indonesia reportedly considering buying Chinese and Russian fighter aircraft
Second-hand fighter aircraft from China and Russia could soon reportedly be used to modernise Indonesia's air force, in a dramatic departure from Jakarta's recent focus on acquiring Western military hardware. Aviation website Alert-5 is reporting Indonesia could announce plans as early as next month to purchase 42 second-hand J-10 fighter aircraft from China, as well as resuming negotiations to procure Russian Su-35 fighters. Citing sources familiar with the matter, the online outlet said the J-10s would likely be modified to meet export requirements, but no official confirmation had been issued by Indonesia, China or Russia. "Both Chinese and Russian aircraft could potentially offer faster delivery timelines compared to Western alternatives, which often involve lengthy production queues and complex approval processes," the Alert-5 report stated. "The second-hand J-10 fighters will be delivered relatively quickly by drawing from the People's Liberation Army Air Force's inventory, providing immediate capability enhancement." According to Alert-5, there is speculation a formal announcement by Indonesia could be made during the Indo Defence Expo and Forum, scheduled to be held in Jakarta from June 11 to 14. Indonesia has historically maintained a diversified aviation combat fleet, operating fighter aircraft from multiple suppliers including American F-16s, Russian Su-27/30s, and British Aerospace Hawks. In 2021, Indonesia's air force cited budget constraints when abandoning a planned purchase of Russian Su-35s in favour of American and French aircraft, but later confirmed the threat of US sanctions was the primary reason for the decision. The ABC has approached the Department of Foreign Affairs and Trade (DFAT) for comment on whether Australia was aware of any plans by Indonesia to purchase Chinese or Russian military aircraft, but has not yet received a response. Earlier this month, Indonesia's defence minister assured Australia his country would not allow Russian planes to be based in Papua province after defence news website Janes reported Moscow had requested access to the Manuhua Air Force Base at Biak Numfor. Under new president Prabowo Subianto, Indonesia earlier this year became a full member of the Russia- and China-led group BRICS, an alliance designed to challenge the political and economic power of the West.
