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New Head for Russia's United Aircraft Corporation

November 6, 2024 @ 10:08 AM

Former CEO of United Engine Corporation, Vadim Badekha will take over military and civil aircraft maker, UAC following the resignation of Yuri Slyusar who has been appointed acting governor of the Rostov region. Alexander Grachev, the head of UEC-Klimov, will replace Vadim Badekha as CEO of United Engine Corporation (UEC)

Iranian Wargame Turns Deadly as "Terrorists" Infiltrate Venue

November 2, 2024 @ 05:36 AM

Watch Video The Islamic Revolution Guards Corps (IRGC) Ground Force reportedly neutralized four “terrorist” teams during a military exercise in Irans Sistan and Balouchestan province, killing four and capturing four others

Indra Acquires Spanish Land Vehicles Maker, TESS Defence

October 30, 2024 @ 05:15 PM

Indras Board of Directors approved the acquisition of a 51.001% majority stake in TESS Defence (TESS) on September 30

UK to Restart Artillery Gun Production After 10 Years, Develop New Strike...

October 23, 2024 @ 09:16 AM

The United Kingdom is set to manufacture artillery gun barrels for the first time in 10 years, and develop new long-range strike weapons, as part of a new defense agreement with Germany. The deal, known as the

RTX Corp to Pay Over $950M in Settlement Over Fraud, Bribery in...

October 18, 2024 @ 10:43 AM

RTX Corporation, formerly known as Raytheon, has agreed to pay over $950 million to settle allegations of fraud and bribery, including inflated costs on contracts for Patriot missile systems and illegal payments to secure defense deals with Qatar. The allegations include inflated billing practices and illegal payments made to secure contracts with Qatar's military

Airbus to Eliminate 2,500 Jobs from its Defence & Space Division

October 18, 2024 @ 09:22 AM

Airbus Defence and Space plans to reduce up to 2,500 positions in its workforce by mid-2026 due to ongoing challenges in the defense and space sectors. The company said it will reduce positions, especially in the Space Systems segment, where significant financial charges were recorded in 2023 and 2024

Sweden Outlines $16.4B Defense Bill for 2025-30 to Counter Russia

October 16, 2024 @ 07:41 AM

The Swedish government has presented a Total Defence Bill for the period 2025–2030 totaling SEK 170 billion ($16.4 Billion) allocated to the military defence and SEK 35

Leonardo, Rheinmetall Launch Joint Venture to Develop New Italian Battle Tank, Lynx...

October 15, 2024 @ 01:47 PM

Leonardo and Rheinmetall have formed a joint venture to develop a new main battle tank and a variant of the Lynx infantry fighting vehicle for the Italian Army. The announcement was made today, following the signing of a Memorandum of Understanding (MoU) in July 2024 in Rome

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