Lockheed Appoints Jim Taiclet as President and CEO
Lockheed Martin appointed Gulf War veteran and pilot James D. Taiclet, 60, as president and CEO of the company, today
US Allocates $250M Ukraine Security Assistance Fund against ‘Russian aggression’
The US Department of Defense will allocate $250 million in Fiscal Year 2020 Ukraine Security Assistance Initiative (USAI) funds for additional training, equipment, and advisory efforts to enable Ukraines capacity to more effectively defend itself against ‘Russian aggression. The USAI funds – $125 million of which was conditional on Ukraines progress...
France Speeds Up Aircraft Procurement to Revive Ailing Aerospace Industry
France will accelerate procurement of drones, helicopters and tanker planes as part of a larger potential recovery plan to help aerospace industry cope with the economic crisis caused by COVID-19 outbreak. The announcement was made by French defense minister Florence Parly on Tuesday
South Korea to Defer US Missile Purchase as Part of $225 Million...
South Korea has decided to defer the purchase of US-made ship-to-air missiles worth 70 billion Won (US$57.5 million) as part of a 300 billion Won ($244
Germany's Thyssenkrupp to Acquire Oceana shipyard in Brazil
Germanys Thyssenkrupp Marine Systems has signed a contract to acquire the Oceana shipyard in Brazil (Itajaí, state of Santa Catarina). The seller is Aliança S
China’s Defense Budget Doubles to $178.2B in a Decade
China has set aside 1.268 trillion yuan ($178
India to sign defense contracts valued below INR 200 Crore with local
The Indian Defense Ministry will sign contracts valued equal to or less than INR 200 crore ($23.4 million) with only local firms
India Announces Measures to Cut Defence Imports
India plans to strengthen its “Make in India” initiative by building its own military equipment and curbing imports, under its whopping $265.2 billion (INR 20 lakh crore) economic package
German Naval Yards, Lürssen Announce Merger
German Naval Yards Kiel and Lürssen shipyards announced plans to form a joint venture on Thursday. Earlier this week, owners of both shipyards laid the foundation for a final JV agreement
Mitsubishi to Complete Acquisition of Bombardier's Regional Jet Division on June 1
Mitsubishi Heavy Industries (MHI) and Bombardier Inc. of Canada have agreed that all closing conditions have been met and the transaction pertaining to the acquisition of Canadair Regional Jet (CRJ) Program will close on June 1, 2020
Cloud Signing Ceremony Kicks off AirShow China 2020
Chinas 13th China International Aviation and Aerospace Exhibition kicked off today with a ‘cloud signing ceremony where potential national and international exhibitors signed up for the event by video-conferencing. While most important aerospace events including the Farnborough International air show pulling the plug due to the COVID-19 pandemic this year, Airshow China has decided to go ahead and will be held from Nov
Raytheon Company Registers Order Backlog of $10.2B in Q1 2020, up 25%
Raytheon Company has reported a healthy order book with a book-to-bill ratio of 1.44 and backlogs at the end of first quarter 2020 valued at $51
Lockheed Martin Delivers First SPY-7 Radar Shipset for Japan’s Aegis Vessels
U.K. Engineers Arrive in India to Revive Stranded Royal Navy F-35B...
Air Base, Intelligence Center among 5 Israeli Facilities Hit By Iranian Missiles
Netherlands Tightens CV90 Training, Maintenance after 2024’s Fatal Accident in Germany
The Future of Combat: Miniaturized Laser Weapons Set to Replace Bullets and Missiles
Lasers may soon replace bullets, and drones could disable enemy UAVs with beams of light instead of missiles
Four-legged Robots Vs. Military Dogs
Four legged robots that resemble dogs are increasingly being seen in war zones and exercises for functions such as reconnaissance...
Lockheed Martin Faces Billions in F-35 Cuts Under U.S. Policy Shift
Americas policy of controlling F-35 usage, spares, and maintenance—combined with President Donald Trumps threats of trade wars with Europe, halted...
Russian Su-57 and Chinese J-20 as Alternatives to the American F-35 Stealth Fighter
As the Russian Su-57 stealth fighter jet enters serial production, the debate over how it stacks up against the American...
