Even if the Middle East is no longer the only game in town for defense exports, it still has ample appetite for advanced equipment, from drones to transports.
While the levels of growth are far from spectacular, the increase nonetheless keeps Saudi Arabia's defense budget rising following an extended period of cuts.
Volocopter aims to uphold normal business operations after filing for bankruptcy as it failed to secure additional capital from its existing shareholders.
Saudi Arabian aircraft lessor AviLease has raised $2.5 billion in funding, as it seeks to become one of the world’s top 10 aircraft leasing companies by 2030.
Talks are underway over the possibility of creating a new, dedicated cargo airline for Saudi Arabia, according to well-placed sources in the Arab nation.
Near-space tourism provider Halo Space is gearing up for its next test flight over Saudi Arabia using its full-sized capsule designed for passenger flights.