Defence Industry
A report by UK consultancy WTW identifies ongoing tariff wars and dependence on China as two top emerging risks for the global defence sector. It warns that the defence sector's reliance on Chinese materials and components, particularly rare earths and electronics, presents significant supply chain vulnerability amid geopolitical risks. The findings are based on interviews with five industry executives from Australia, Europe, and North America.
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Documents from a whistleblower reveal that South Africa's Integrated Convoy Protection built Kasser II armoured vehicles in the UAE, marketed as locally made. The vehicles, based on the Reva V design, were assembled using South African parts and staff under a 2020 contract worth US$45 million. A court recently dismissed a gag order, allowing publication amid disputes over export permits.