Welcome to Traveling Spear, a weekly update on all things international arms sales, led by International Trade + Transactions Partner, Adam Munitz. This week, we look at U.K. sales of submarine technology to Taiwan, new SIPRI data on global arms export trends, and U.S. arms exports to Japan and Australia.
- The UK is increasing its export of submarine parts and technology to Taiwan, consistent with its update on Monday to its Integrated Review and an announcement that it will increase defense spending. Learn more: https://www.reuters.com/world/uk/uk-approves-increased-submarine-related-exports-taiwan-risking-angering-china-2023-03-13/?utm_campaign=dfn-ebb&utm_medium=email&utm_source=sailthru&SToverlay=2002c2d9-c344-4bbb-8610-e5794efcfa7d.
- According to new data released by the Stockholm International Peace Research Initiative, the U.S. expanded its lead as the largest global arms exporter over the past five years (40% of exports). The bigger story is arguably that Russia’s share of global exports decreased from 22% to 16%. Continue reading: https://www.axios.com/2023/03/14/global-arms-sales-us-dominates-russia.
- The U.S. continues to arm its allies in the Indo Pacific, approving a large sale of E-2D Hawkeyes to Japan and the sale of Javelin missiles to Australia. Get the lastest: https://www.defensenews.com/global/asia-pacific/2023/03/08/us-approves-nearly-14-billion-hawkeye-aircraft-sale-for-japan/?utm_campaign=dfn-ebb&utm_medium=email&utm_source=sailthru&SToverlay=2002c2d9-c344-4bbb-8610-e5794efcfa7d.
About the Author
Author Adam Munitz is a member of Fluet’s International Trade + Transactions practice. Focusing primarily on the defense, security, and intelligence sectors, Adam helps businesses translate their domestic successes into overseas growth and assist foreign entities with sensitive investments in, and acquisitions of, U.S. businesses. Additional information regarding practice capabilities and previous representations can be found on the International Trade + Transactions Practice page.
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