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Russian UAC, Sukhoi, MiG to Merge Aircraft Design, Program Management

March 19, 2021 @ 11:15 AM

Rostec State Corporation (Rostec) will unite United Aircraft Corporation (UAC) UAC, Sukhoi and MiG companies into a single corporate aircraft manufacturing center, which will consolidate the management of aircraft programs and other UAC assets. The UAC Corporate Aircraft Center, where Sukhoi and MiG will join, will consolidate the functions of...

India Not Going to Sign Defense Cooperation Deal with U.S.-Pentagon

March 16, 2021 @ 10:50 AM

The Pentagon has said that India wont sign any defense cooperation deal with the United States anytime soon. "India is not going to sign a mutual defense treaty with us any time soon, but they are a major defense partner of the United States and they are trying to become more...

Israel Aerospace Signs MoU with U.A.E.’s EDGE to Develop Anti-Drone Systems...

March 11, 2021 @ 08:36 AM

Israel Aerospace Industries (IAI) today announced that it has signed an agreement with U.A

CAE to Acquire L3Harris Technologies' Military Training Business for $1B

March 1, 2021 @ 02:26 PM

CAE today announced it will acquire L3Harris Technologies' Military Training business for $1.05 billion

U.S. Grants $9M-Worth Military Equipment to Greece

February 26, 2021 @ 10:57 AM

The U.S

AeroVironment Acquires Artificial Intelligence Specialist, Intelligent Systems Group for $30M

February 26, 2021 @ 08:17 AM

AeroVironment said it acquired Progeny Systems Corporations Intelligent Systems Group (ISG) for $30 million earlier this week. Under the terms of the transaction, AeroVironment acquired ISG for $30 million in cash and an earnout for Progeny Systems Corporation of up to $6 million over three years, based on the achievement of specific performance targets

Israel Companies No-Show at IDEX 21

February 22, 2021 @ 09:07 AM

Barred from flying to Abu Dhabi due to Tel Aviv airport closure, Israeli companies marked its presence at the Arab worlds biggest arms fair, IDEX 2021, by a token and virtual presence. Close to 40 Israeli companies were to attend the exhibition, marking the countrys first participation in any U

Chinese Investors Seek $3.6 Billion Compensation from Ukrainian Moto Sich

February 19, 2021 @ 07:45 AM

Chinese investors of Ukraines Motor Sich have increased the amount of arbitration lawsuit against Ukraine by $100 million, taking the total figure to $3.6 billion

NATO Proposes Defense Innovation Initiative to Promote Interoperability

February 16, 2021 @ 07:17 AM

NATO Secretary General, Jens Stoltenberg has proposed a Defense Innovation Initiative to promote interoperability and boost transatlantic cooperation on defense innovation. "There is a real danger that more advanced nations could develop capabilities that won't communicate with capabilities of lesser advanced NATO nations," he spoke during a virtual press conference in advance of the virtual Defense Ministerial starting Wednesday

S.Korea to Invest $3.9B on Defense R&D Projects in 2021

February 15, 2021 @ 07:07 AM

South Koreas Defense Acquisition Program Administration (DAPA) said $3.9 billion (4

Qatar to Open Military Representation Office in NATO HQ

February 15, 2021 @ 03:59 AM

Qatar has signed an agreement with the North Atlantic Treaty Organization (NATO) to establish a military representation office at NATO headquarters in Brussels, Belgium. This is part of Individual Partnership and Cooperation Programme (IPCP), a standard document, developed usually every two years by a partner in close consultation with NATO staffs

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