The Houthis (Ansar Allah) attacked Saudi Arabia’s King Khalid International Airport in Riyadh on October 10, killing at least 13 people and injuring over 300, the deadliest attack on the kingdom in more than a decade, forcing authorities to suspend operations at the airport.

This was not an isolated incident.

Since the fighting resumed between Saudi Arabia and the Iran-backed group in July this year, Houthis have attacked at least five Saudi airports, including King Abdullah bin Abdulaziz International Airport in Jizan, Abha International Airport, Najran Airport, King Khalid International Airport in Riyadh, and King Fahd International Airport in Dammam.

So far, at least 20 people have been killed in these attacks, and hundreds more have been injured, apart from damage to runways, terminals, and aircraft.

Just the King Khalid International Airport in Riyadh has been attacked three times this week. The two previous attacks on King Khalid Airport this week killed ⁠four and caused heavy damage to a Saudi commercial plane parked on the tarmac.

The Houthis, in fact, have declared the whole of Saudi airspace as “a zone of military operations,” saying airlines should avoid flying in the country.

Saudi Arabia operates one of the Middle East’s most extensive, multi-layered air-defense networks. Its upper tier includes US-supplied THAAD (Terminal High Altitude Area Defense) alongside Patriot batteries, South Korea’s Cheongung-II AD system, and improved HAWK launchers.

It also fields French Crotale SAMs, Avenger systems with Stinger missiles, anti-aircraft guns, and Silent Hunter laser systems supplied by China.

The Houthis are also enforcing a naval blockade of Saudi Arabia by choking the Bab-el-Mandeb strait in the Red Sea and have also targeted the country’s oil refineries and East-West oil pipeline.

In fact, in the ‘fog of war,’ it is easy to miss the context that the Houthi-Saudi war did not begin with these strikes on Saudi airports; nor did it start in July when a 2022 ceasefire between the two sides broke over Saudi air strikes on Sana’a airport.

The two sides have been fighting for nearly two decades.

Saudi-Houthi Conflict

The Houthis are a Zaydi Shiite politico-religious movement from northern Yemen’s Saada region, originating in the 1990s as a revivalist group opposing corruption in central government, their economic and social marginalization, and increasing Saudi-backed Wahhabi influence in Yemen, including in traditionally Zaydi areas.

Saudi Arabia’s longest land border with Yemen stretches roughly 1,200 km, much of it still porous. Consequently, expanding Iranian influence through the Houthi rebels carries security implications Riyadh cannot afford to overlook.

The Houthis drone and missile capabilities, and the strategic importance of the Red Sea and Bab al-Mandeb routes for Saudi oil exports, add more risks for Riyadh.

Due to these factors, Riyadh has a vested interest in both containing rising Iranian influence in Yemen and weakening the Houthis’ military capabilities, while at the same time, preventing the economic collapse of Yemen.

If Yemen collapses, the crisis will inevitably spill into its northern neighbor – Saudi Arabia. There are already over 2 million Yemeni migrants in the country, and an economic collapse can further push millions of Yemeni citizens into the country.

Riyadh regularly provides grants to the Yemeni government to prevent its collapse and has already provided US$12.6 billion in the last 14 years. After investing so much money, Riyadh clearly tries to control who leads the country and its policies.

However, Saudi involvement in Yemen was never limited to just financial aid.

Riyadh first got militarily involved in Yemen 17 years ago, in 2009.

Between 2004 and 2010, the Yemeni government and the Houthis were engaged in constant hostilities. This warfare often spilled into Saudi Arabia’s southern parts as well.

After Houthi attacks on Saudi border posts in November 2009, which killed border guards, Saudi Arabia launched airstrikes on Houthi positions with F-15 and Tornado fighter jets, and even conducted limited ground operations.

Notably, this was the kingdom’s first unilateral military operation in decades.

Fighting continued in 2010, and there were substantial Saudi casualties, with more than 130 Saudi soldiers dead by some estimates.

Riyadh and the Houthis reached a ceasefire in 2010, which stopped the fighting. Meanwhile, the Houthis continued to gain ground in Yemen. By the end of 2014, the Houthis had occupied the very strategic Sanaa and Aden airports.

In March 2015, Saudi Arabia returned to Yemen with Operation Decisive Storm. This time, Riyadh was not alone. It cobbled together a coalition of eight countries, including the UAE, Bahrain, Kuwait, Qatar, Jordan, Egypt, Morocco, and Sudan. The US also provided logistics and intelligence support.

When Saudi Arabia Bombed Yemeni Airports

The campaign began with massive airstrikes targeting air defenses, airports/air bases, missile sites, and Houthi positions. Riyadh also imposed a naval blockade of Yemen.

The coalition particularly targeted Yemeni airports, airbases, air defense missiles, and civilian and military aircraft. The aim was to neutralize any aerial capability that the Houthis might have gained after seizing Yemeni government assets.

In March itself, the Saudi-led coalition launched airstrikes on Sanaa International Airport, the adjacent al-Dulaimi air base, and Al Anad Air Base.

Reports say the attacks damaged or destroyed scores of aircraft, including a Yemeni Air Force CASA CN-235M-300 cargo plane and a Beechcraft Super King Air at al-Dulaim.

The strikes also damaged one Mi-8 helicopter, two Bell 214 Huey helicopters, multiple Su-22 ground-attack fighters, and F-5 jets. The coalition destroyed an Ilyushin Il-76TD cargo aircraft at Sanaa International Airport in late March.

The coalition also damaged the runway at Sanaa International Airport.

The coalition attacked Sanaa Airport again in April. A Yemeni Felix Airways Bombardier CRJ702ER civilian aircraft was set ablaze, and another cargo plane was hit. Two Yemeni Air Force MiG-29s were also reported destroyed in related strikes at the airport.

When an Iranian cargo plane, allegedly carrying humanitarian aid, tried to land at the Sanna airport, coalition jets targeted the airport again and bombed the runway, rendering it unusable.

Brigadier General Ahmed Asseri, spokesman for the Saudi-led coalition, told Reuters at the time that the airport was bombed after an Iranian aircraft refused to coordinate with the coalition and the pilot ignored orders to turn back.

These attacks continued in May.

A contemporary report said that one MiG-29, two F-5s, three Su-22s, one Mi-8, and two Il-76TD cargo planes were destroyed in Saudi-led airstrikes in Yemen in May.

The Yemeni Air Force was effectively neutralized in these attacks. The coalition strikes destroyed most MiG-29s, Su-22s, F-5s, and support aircraft on the ground or rendered them unusable.

The coalition further attacked Yemeni airports in 2017 and 2018.

The Saudi-led operation continued for seven years, from 2015 till 2022, when a ceasefire was reached between Riyadh and the Houthis.

This ceasefire was broken in July 2026 when Riyadh once again bombed Sanaa airport in order to not let an Iranian plane land at the airport.

However, by July 2026, the Houthis had considerably improved their offensive capabilities.

This time, it’s the Houthis who are enforcing a naval blockade of Saudi Arabia and repeatedly targeting its civilian airports, as well as oil infrastructure.

While the Houthi attacks on Saudi airports are making global headlines, the prelude to these attacks was written over a decade ago in 2015, and the final chapter of this nearly two-decade-long conflict between Riyadh and the Houthis has yet to be written.

• Sumit Ahlawat has over a decade of experience in news media. He has worked with Press Trust of India, Times Now, Zee News, Economic Times, and Microsoft News. He holds a Master’s Degree in International Media and Modern History from the University of Sheffield, UK. 
• He can be reached at ahlawat.sumit85 (at) gmail.com

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A weather deterioration in Greece is forecast for the next couple of days and the National Meteorological Service (EMY) has issued an “orange” warning, that is Category 4. The main features of the new spell of bad weather will be intense weather phenomena locally, a drop in temperature, and strengthening winds over the seas. According […]

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Greek Prime Minister Kyriakos Mitsotakis has apparently started to realize that the ruling conservative New Democracy party will hardly manage to achieve the necessary 30+% of the votes in the upcoming elections and secure a majority government like in the last two parliamentary votes. Over the weekend, PM Mitsotakis made clear if the election result […]

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With a modest ceremony, Athens marked on Monday 82 years of Liberation from the Nazi occupation (1941-1944) during the WWII. The ceremony to commemorate the Liberation of Athens started with the hoist of the Greek flag on the Acropolis at 11 o’ clock in the morning in the presence of President of the Republic Constantine […]

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The Ministry of Foreign Affairs has advised Greek citizens to avoid travelling to Saudi Arabia unless absolutely necessary, citing the evolving situation across the wider Middle East. In a statement on Sunday, the ministry said it was taking into account both the latest developments in the region and the restrictions imposed on air traffic in […]

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As EurAsian Times recently reported, the U.S. Air Force crew denied Indian officials cockpit access to its F-35 stealth fighter during the recent Tarang Shakti exercise, Indian Air Force Chief Air Marshal AP Singh said. Interestingly, the IAF did something similar with its cutting-edge Su-30 MKIs in 2008.

Speaking at a press conference alongside U.S. Pacific Air Forces Commander General Kevin Schneider, Air Chief Marshal Singh said the U.S. had made no formal offer to sell the F-35 to India, despite all the media buzz and speculation.

“Your people don’t even let us go near the aircraft, and you are talking about selling it to us,” Singh said when asked about any official offer for F-35s.

He added that Indian personnel were not shown the cockpit.

“The US did not show us the cockpit, but allowed us to fly in close formation,” Singh said. He later described his remarks as a joke that should not be taken too seriously and noted that countries protect sensitive technologies, including systems India does not share with the United States.

General Schneider said he did not make decisions on information sharing for programs such as the F-35. “There are program-level security classification guides that determine what we can share, when we share it, as well as how we protect it,” Schneider said.

USAF had deployed six F-35 stealth jets for Tarang Shakti. This was the first time U.S. stealth jets trained against Indian jets and operated from the indian soil. This was a rare opportunity for the Indian military to study and evaluate a stealth fighter using Indian ground radars.

Experts like Air Marshal Anil Chopra, writing for the EurAsian Times, believe it would be a good opportunity for the IAF to prepare for a potential J-20 scenario operated by China.

Chopra wrote: “The F-35A is the only fifth-gen fighter in the exercise. In mock drills, it is much better than China’s J-20, with stealth, low observability, sensor fusion, and first-look, first-shot tactics, and it will better simulate the J-20. That does not mean the IAF will see the F-35’s classified technologies; however, it does mean that the IAF can practice studying a stealth jet from an Indian base—to understand the Chinese J-20 better.”

Prelude to Saudi-Houthi War: When 9-Nation Coalition Led by Saudi Arabia Bombed Yemen With U.S. Support

Parallel from Red Flag 2008

In 2008, India sent its most advanced Su-30 MKI fighters to the US for the Red Flag exercise at Nellis Air Force Base in Nevada.

To protect the Flankers’ classified NIIP N011M Bars passive electronically scanned array (PESA) radar, the Indian Ministry of Defense directed pilots not to use the radar in full operational mode.

IAF stated at the time that “the radar frequencies are top secret, as they can be used to block vital functions of the fighter” and that “while we have a good equation with the USA, we have to be careful about the future.”

The Bars radar was operated only in a limited “training mode” that restricted its range and capabilities, preventing detailed mapping of its frequencies by host forces.

Other limitations during Red Flag 2008 included restrictions on data-links, chaff, flares, and simulation of the R-77 BVR missile. Indian pilots operated without a full cockpit data picture to protect its sensitive technology.

While Indian crew had limited exposure to the F-35s at Tarang Shakti 2026, with the jets kept in a segregated area, the USAF has previously been given noteworthy access to the MKIs.

During the familiarisation phase ahead of Red Flag 2008, Su-30MKI crews exchanged rides with their American counterparts, allowing U.S. pilots to fly in the Flanker’s rear seat, according to reports.

During Exercise Cope India 2023 at Kalaikunda, then-PACAF Commander General Kenneth S. Wilsbach flew a training mission in the rear seat of an IAF Su-30MKI alongside an Indian pilot—an engagement the IAF publicly confirmed.

Earlier Cope India iterations also saw USAF pilots fly in Su-30 trainer variants.

During the just-concluded Tarang Shakti, F-35s operated extensively alongside Su-30MKIs, Rafales, and Tejas in joint tactical missions, large-force engagements, and mixed formations, giving the USAF tremendous exposure to the Flanker’s performance envelope, radar behavior, and tactics in a realistic environment.

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Su-30 MKI vs. F-15 at Red Flag

After the 2008 exercise, a video of a private briefing by USAF Colonel Terrence Fornof, an F-15 pilot and director of requirements and testing at the Air Force Warfare Center at Nellis, circulated online.

Fornof was addressing a group of retired military pilots.

Fornof claimed F-15 pilots “dominated” the Su-30 MKI in one-versus-one engagements. He described Indian pilots as “amazed” and “floored,” saying they didn’t want more one-versus-one fights after the first few days.

He claimed the F-15 exploited a vulnerability in the Su-30’s thrust-vectoring by waiting for the aircraft to enter post-stall maneuvering, after which it “starts falling out of the sky,” allowing the F-15 to close and engage with guns.

Fornof also claimed the Su-30 MKI’s engines were highly susceptible to foreign object damage, leading Indian pilots to request one-minute spacing between takeoffs, and he noted concerns about engine reliability.

He claimed Indian pilots had a high rate of fratricide and that, on paper, the Su-30 had superior radar, thrust, thrust vectoring, and weapons range. He added that once Indian pilots fully mastered the aircraft, they could regularly defeat F-15s and F-16s, but the Su-30 was “nowhere near” the F-22.

USAF later said Fornof’s comments were his personal opinion and that he did not intend to offend allies.

Indian accounts and subsequent reporting rejected Fornof’s points. They claimed that the Sukhois held their own against top USAF pilots and maintained a high serviceability rate throughout the exercise.

All engagements were recorded on ACMI systems. Thrust-vectoring performance differed from Fornof’s account, and U.S. aircrew said they appreciated the IAF’s maneuvers.

Fratricides occurred on both sides. Indian sources attributed theirs largely to periods when AWACS support was unavailable and to poor ground control by U.S. controllers (acknowledged in debriefs), noting that the IAF lacked Link-16 and advanced IFF while the U.S. side had them.

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Serviceability was reported above 90 percent, with no confirmed foreign object damage incidents of the type described; a tire burst was quickly repaired. Engines were NPO Saturn (not Tumansky, as Fornof said). The one-minute takeoff spacing was a deliberate safety measure because damaged engines had to be returned to Russia for repair, with no local replacements available.

IAF reported a mission achievement rate above 90 percent and said they performed well in large-force engagements despite operating far from home and under restrictions.

In conclusion, the F-35 access limits and the 2008 Su-30 MKI restrictions highlight standard practice among air forces seeking to protect classified tech during wargames.

• Mail the author at: editor (at) eurasiantimes.com
• Connect with us on X at: EurAsian Times

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The global defense industry appears to be entering a period of structural transformation, driven by rising military spending, technological change, and increasing private-capital involvement.

The “Aerospace & Defense M&A Report 2026: Deal Activity, Market Trends and Outlook,” published by Ropes & Gray LLP  on October 7, 2026, says that Aerospace and Defense Mergers and Acquisitions (M&A), Private Equity (PE), and Venture Capital (VC) funding are likely to expand further, showing that 2026 is on track to be one of “the strongest deal-making years” on record.

The report highlights that Defense Tech/Services is the fastest-growing segment at a 22% Compound Annual Growth Rate (CAGR), followed by Aerospace at 16% CAGR; Aircraft Manufacturers, Parts & Components at 14% CAGR; and Air, Land, & Sea Defense at 9% CAGR.

The report argues that the growth is not simply a temporary response to international conflicts. Governments are rebuilding industrial capacity, replenishing weapons inventories, strengthening supply chains, and accelerating the development of advanced military technologies.

In the United States, the largest market, proposed increases in defense resources, procurement reforms, longer-term contracts, and financial support for defense technology companies aim to attract private capital and expand manufacturing capacity.

In Europe, the EU’s Security Action for Europe initiative aims to mobilize about €800 billion in defense-related investment through national fiscal flexibility, loans, and related financing support.

Germany’s increased spending and procurement reforms can accelerate equipment acquisition and industrial expansion. Collectively, these policies are reshaping the geography of defense investment in Europe.

In fact, the report says that  Europe has emerged as a major driver of new activity. “Europe has become a primary engine of deal flow, not a secondary market. Rising national budgets and new EU-wide financing mechanisms are reshaping where capital is being deployed as well as dictating deployment speed”, it says. NATO’s higher spending ambitions, European rearmament and new financing arrangements are encouraging companies to expand, consolidate and acquire specialist capabilities.

Meanwhile, the Indo-Pacific is undergoing a rapid, structural alignment driven by what regional planners call a “contested era.”

China is consolidating its domestic defense industry, though restrictions on cross-border investment limit Western investors’ access. Japan is rapidly reshaping its defense posture and adapting to an environment where the traditional binary definitions of “peacetime” and “wartime” have effectively blurred.

In this era of continuous competition, the report says Japan has elevated allied burden-sharing to its foundational organizing principle.

This shift is most visible in the digital domain. With the operationalization of Japan’s Active Cyber Defense Oversight Commission, Tokyo has adopted a proactive cyber defense strategy. By implementing legal public-private threat reporting and neutralized-access protocols, Japan is signaling a willingness to legally counter and neutralize state-sponsored infrastructure targeting before cyber assaults can cripple critical domestic networks.

One of the report’s most important observations is that defense investment is increasingly a private-equity story. Private-equity firms are acquiring established manufacturers, selling businesses to strategic buyers and building larger companies through additional acquisitions. Venture capital is also financing newer businesses developing military technologies.

Among the ten largest transactions listed for 2026 up to September 30 was GE Aerospace’s $11.8 billion acquisition of Consolidated Precision Products. Other major deals involved aerospace leasing, maritime defense, aircraft components, and specialist detection technologies.

Dubai Aerospace Enterprise bought Macquarie Airfinance for $9.0 billion in what was a leasing consolidation. In a move that signals European rearmament, land-defense scaling, and main-battle tank production, KfW Group (German State Bank) is backing KNDS [Franco-German tank maker Krauss-Maffei Wegmann + Nexter] with $7.8 billion.

In other words, private investors are no longer confined to peripheral suppliers. They are becoming key participants in the industrial ecosystem that supports national defense.

Significantly, the traditional reliance on a handful of legacy prime contractors is giving way to an ecosystem heavily backed by private equity and venture capital.

The private sector is now driving global defense deal-making as it pivots toward software-defined defense, autonomy, and next-generation platforms.

The report shows how defense technology is changing the industry’s center of gravity. Although aerospace and defense remains one of the most active and strategically complex sectors for private capital deployment, software-defined defense, autonomy, and next-generation platforms are pulling ahead as the fastest-growing corner of the market.

Investors are particularly interested in artificial intelligence and software-defined defense systems; autonomous platforms, including unmanned aircraft and maritime systems; counter-drone and missile-defense capabilities; space infrastructure and surveillance; and specialist electronics, communications, and mission-critical components.

However, while these technologies can drive rapid growth, they also carry risks due to restrictive policies in the US and Europe. The report notes that regulatory compliance is becoming a structural hurdle rather than an afterthought.

In the United States, the largest market by transaction value, more national security vetting—including CFIUS (Committee on Foreign Investment in the United States) and FOCI (Foreign Ownership, Control, or Influence) mitigation—is becoming foundational to ensuring a clean exit.

In other words, the global defense landscape seems to be marked by a distinct paradox.

On the one hand, geopolitical threat vectors are accelerating at breakneck speed. On the other hand, the financial and regulatory machinery needed to field next-generation capabilities faces structural friction.

As a result, companies may depend heavily on a single government customer, handle classified information, or face restrictions on intellectual property developed under government contracts. Cybersecurity compliance and access to sensitive facilities can also complicate acquisitions.

In the United States, the CFIUS can scrutinize foreign investment for national-security risks. FOCI can also affect access to classified work and sensitive facilities.

Similarly, European foreign-investment screening is marked with many complexities. Even businesses that are not conventional arms manufacturers may face scrutiny if they supply strategically important electronics, software, communications or other dual-use technologies.

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Commercial risks matter too. Fixed-price government contracts can leave manufacturers exposed when costs rise unexpectedly. Buyers must therefore examine contract liabilities, working capital, supply-chain resilience, workforce retention and the restrictions that could affect a future sale, the report advises.

The report’s overall conclusion, therefore, is that while defense investment opportunities are expanding,  success increasingly depends on technological relevance, reliable industrial execution, regulatory compliance and the ability to navigate national-security restrictions throughout the ownership cycle.

What lessons could India draw from the trends above?

For India, the report is particularly relevant because it highlights a shift in how advanced military capabilities are developed and financed. The implications extend beyond aircraft, missiles, and ships to defense electronics, artificial intelligence, autonomous systems, space technology, supply chains, and foreign investment.

India’s first opportunity is to integrate more deeply into international aerospace and defense supply chains. As Western manufacturers expand production and diversify their suppliers, Indian companies could become more important producers of precision components, avionics, electronics, aerospace structures, and maintenance services.

The most instructive lesson may come from GE Aerospace’s September 8, 2026 acquisition of Consolidated Precision Products (CPP). Experts say that it was a paradigm shift in aerospace and heavy industrial manufacturing. For decades, aerospace primes aggressively outsourced manufacturing to optimize their balance sheets, shifting capital-expenditure risks onto multi-tiered supply chains.

But years of systemic, compounding engine delays—magnified by the Pratt & Whitney GTF powder metal crisis and Boeing’s structural manufacturing gridlock — exposed a fatal flaw: primes (like GE) outsourced execution, but they could never outsource the risk.

Therefore, GE Aerospace decided to buy the absolute bottleneck of jet engine production: structural castings and complex airfoils. Its deal with private equity firms Warburg Pincus and Berkshire Partners is meant to address persistent, industry-wide shortages of critical engine parts and airfoils. In other words, GE bought the supply chain to control the delivery.

For India, this implies that beyond focusing on “Make in India” as screwdriver assembly, it should also consider “Own the Supply Chain.”

Second, as defense technology gains primacy, expanding AI-enabled systems, autonomous platforms, counter-drone technology, advanced sensors, and space infrastructure could be more relevant for India than producing isolated components.

Some experts argue that because European primes are cash-rich and seeking low-cost engineering, they would prefer a JV with India to meet capacity needs.

Lastly, as the Ropes & Gray LLP  report illustrates, private equity and venture capital can help consolidate fragmented industries, finance expansion, and support specialized technology businesses. India could adapt this approach to build stronger domestic defense suppliers.

• Author and veteran journalist Prakash Nanda is Chairman of the Editorial Board of the EurAsian Times and has been commenting on politics, foreign policy, and strategic affairs for nearly three decades. He is a former National Fellow of the Indian Council for Historical Research and a recipient of the Seoul Peace Prize Scholarship.
• The author can be reached at prakash.nanda (at) hotmail.com

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