BAE Systems acquires Raytheon’s Airborne Tactical Radios Division
British defense company BAE Systems completed acquisition of Raytheon Technologies Corporations Airborne Tactical Radios (Airborne Radios) business on Monday. In January, BAE Systems had said it entered into a definitive Asset Purchase Agreement to acquire Collins Aerospaces Military GPS business for $1
Boeing to Raise $25 Billion in Bonds, Refuse US Government Aid
Boeing has it said it is pleased with the response to its bond offering which began May 1, and is expected to raise $25 billion by Monday, May 4. The bond offering includes debt instruments with an aggregate principal amount of $25 billion across seven tranches with maturities ranging from three...
Airbus Defence and Space’s Revenue in Q1 2020 is 7X lower than...
Airbus Defence and Spaces EBIT Adjusted results for the First Quarter (Q1) for this year stands at €15 million, or nearly seven times lower than in Q1 2019 when it was €101 million, owing to the COVID-19 pandemic. “We saw a solid start to the year both commercially and industrially but...
Saudi Arabia’s Defence Expenditure Fell 16% in 2019 Despite Yemen War
Saudi Arabia spent $61.9Billion on military expenditure in 2019 compared to 67
Embraer: Boeing “Wrongfully” Terminated JV Agreement, Failed to Pay $4.2B
Embraer has accused Boeing of “wrongfully” terminating the Master Transaction Agreement (MTA) to establish a strategic partnership, and said the company failed to cough up $4.2 billion purchase price
Three-Month Delay in US Defense Acquisition due to COVID-19
Major Pentagon defense acquisition programs as a whole will face about a three-month slowdown due to COVID-19 pandemic. “Of 10,509 major prime contractors, 106 are currently closed and 68 have closed and already reopened
Thailand Delays Chinese Submarine Deal Over Coronavirus-forced 33% Budget Cut
The Royal Thai Navy has put its plan to acquire two Yuan Class S26T submarines from China on hold, after 33% of its budget was diverted to fund expenses caused by the COVID-19 crisis. The Navys budget was slashed by 4
New Russian Law Tightens Secrecy Around Defence Orders to Avoid US, EU...
The State Duma of the Russian Federation has recently adopted a law that limits the circle of persons who may possess information about state defense orders. The explanatory note states that the adoption of the bill is necessary to limit the circle of people who have information about the implementation of state defense order in the context of sanctions against Russia, the Russian MoDs news channel, tvzvezda
S Korea Slashes Defense Budget by $733M to Fund COVID-19 Expenses
The South Korean Finance Ministry has announced plans to direct $733 million (904.7 billion won) from this years $40
Turkey’s Altay Tank, ATAK Helicopter Held up Due to Engine Non-availability
Turkeys major indigenous defence programs such as the Altay tank and the ATAK combat helicopter could face significant delays over denial of engine technology by European firms. While the Altay tank project is certain to miss a production deadline set for this year as the engine manufacturer, MTU of Germany has remained non-committal on supply after providing just 4 engines
Three Chinese Companies Make it to 2018’s Top 10 Defence Manufacturers’ List
Three Chinese companies; Aviation Industry Corporation of China (AVIC), China North Industries Group (NORINCO) and China Aerospace Science and Industry Corporation (CASIC) with combined revenue of $51.8 Billion have risen to the worlds top 10 Defence companies list compiled by US based publication, Defense News
Trump "Unfreezes" Weapons Supplies to Ukraine
Two Workers Killed in Explosion at Philippine Ammunition Plant
Denmark to Set Up New Warship Building Facility at Frederikshavn
Poland Conducts Anti-Drone Trials Days after Russian Strike Hits Polish Aid Truck
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...
