South Korea’s plans to boost military spending over the next five years has already proven a boon to its defense industry. Share prices of local weapons manufacturers, including Hanwha, Korea Aerospace and others, have seen their share prices jump up to 30 percent since Seoul released its defense white paper this summer. The current tension on the Korean Peninsula is seen as motivating such spending.
The Palestinian Hamas movement has described its resistance fighters’ weapons as a red line, strongly denouncing attempts by a number of Arab states and Persian Gulf kingdoms to normalize diplomatic relations with the Israeli regime after years of clandestine contacts.
During the failed US-North Korean summit last month in Vietnam, US President Donald Trump gave North Korean leader Kim Jong-un a piece of paper that included a demand for the transfer of Pyongyang’s nuclear weapons to the United States, according to media reports.
Venezuela says it has seized a large shipment of US-made weapons aboard a cargo plane that had taken off from Miami, Florida, days after US President Donald Trump repeated his threats of taking military action against the Latin American country amid an ongoing political rift.
The Russian military is slated to expand its arsenal of Iskander-M nuclear-capable missiles in 2019, one of the nearly 200 new weapons that Moscow continues to develop under its new state armament program.
Syrian government forces have discovered US-made weapons as well as a considerable amount of Israeli-made medicine and medical supplies from a position of foreign-sponsored Takfiri militants in the country's southwestern province of Dara'a.
Iran's Foreign Minister Mohammad Javad Zarif on Saturday chastised the US policy of pouring weapons into the Middle East far beyond its real defense needs, warning that this has turned the region into a "powder keg."