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 the sales of Israeli arms to a mystery buyer in Europe, South Korea’s European tightrope walk, and Italy’s overtures to India and the UAE.
- Israel’s Elbit Systems has won multiple arms contracts in Europe, including for the sale of truck-mounted howitzers and artillery rocket systems. The buyer is a NATO member but otherwise remains anonymous. It’s quite possible, though, that the mystery buyer is Denmark. Read more now: https://www.defensenews.com/industry/2023/03/06/elbit-announces-howitzer-artillery-system-deals-in-europe/
- South Korea continues to walk a fine line between supplying arms to Europe and not arming Ukraine directly. Either way, it’s making steady progress towards satisfying its objective of being the fourth-largest global weapons exporter by 2027. Get the latest: https://www.nytimes.com/2023/03/05/world/asia/ukraine-south-korea-arms.html
- Italy is playing catch and up clean up, as it seeks to mend fences in India and the UAE. Let’s see If Leonardo and Fincantieri can ride the diplomatic momentum to new sales in both countries. Read now: https://www.defensenews.com/global/europe/2023/03/03/meloni-visits-india-uae-to-patch-up-old-defense-kerfuffles/
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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