EghtesadOnline: Iran's Defense Ministry has signed a deal with local car manufacturing company SAIPA to curb the auto sector's reliance on foreign parts.

EghtesadOnline: Iran’s Defense Ministry plans to invest 10 trillion rials ($87.7 million) in local knowledge-based companies active in the field of defense technologies.

EghtesadOnline: A memorandum of understanding for the construction of 44 vessels worth €140 million was signed by Minister of Defense and Armed Forces Logistics Amir Hatami and Roads and Urban Development Minister Mohammad Eslami on Sunday.