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Indian MoD Approved $17 Billion Worth Defense Procurement Projects

September 3, 2024 @ 04:55 PM

Indias Defence Acquisition Council (DAC), approved 10 capital acquisition proposals amounting to Rs 1,44,7160 crore ($ 17 Billion). Of the total approvals, 99% is from indigenous sources under Buy (Indian) and Buy (lndian-Indigenously Designed Developed and Manufactured) categories, an official release said

Diehl Defence & TAUBER Holding Establish JV to Help in Ammunition Stockpiling

August 31, 2024 @ 10:55 AM

Diehl Defence and TAUBER Holding have set up a 50:50 joint venture ‚ ‘TD Services GmbH‘ to serve the expansion of capacities in the fields of ammunition disposal, logistics and inventory management in Germany. While Diehl Defence is a leading supplier of air defence systems, missiles and various other military effectors,...

Indonesia Donates, Weapons, Ammunition to Cambodian Army's Special Forces

August 31, 2024 @ 07:22 AM

Indonesia has donated and unspecified number of weapons and ammunition to the special forces of the Cambodian armed forces which were flown aboard a C-130 Hercules aircraft. The handover ceremony was led by Air Vice-Marshal H

U.S., India Sign Security of Supply Arrangement to Strengthen Defense Partnership

August 23, 2024 @ 05:38 AM

The Department of Defense (DoD) of the United States and the Ministry of Defence of the Government of India (IN MoD) have entered into a bilateral Security of Supply Arrangement (SOSA), marking a significant step in the defense cooperation between the two nations. The agreement, which is non-binding, was signed by...

Rostec to Train Foreign Engineers in Manufacture, Repair of Russian Military Equipment

August 22, 2024 @ 07:50 AM

Russia's defense conglomerate, Rostec has initiated a training program for foreign engineers in the manufacture and repair of Russian military equipment. The initiative, unveiled during a recent roundtable, aims to create a unified educational space with partner countries, focusing on the development of specialized engineering talent

Lockheed Martin to Acquire Satellite Solutions Provider, Terran Orbital for $450 million

August 15, 2024 @ 02:09 PM

Lockheed Martin today signed an agreement to acquire Terran Orbital, a provider of satellite-based solutions to the aerospace and defense industries. Terran Orbital is specialized in robotic manufacturing capacity and modular space vehicle designs

Anduril Industries Secures $1.5B for Defense Manufacturing Expansion

August 8, 2024 @ 06:12 AM

Anduril Industries has announced securing $1.5 billion in funding for its Series F round to scale up defense manufacturing

China's AVIC is World's Number 2 Defense Firm in Revenue

August 7, 2024 @ 10:54 AM

The Aviation Industry Corporation of China (AVIC) has secured the second spot in the "Defense News Top 100 for 2024" list, surpassing other global defense firms. The annual rankings, published by U

Rheinmetall to Acquire Majority Stake in South African Resonant Holdings

August 6, 2024 @ 09:51 AM

Rheinmetall AG has signed an agreement with Resonant Holdings (Pty) Ltd, to acquire a majority stake in the South Africa based company. The agreement will see Rheinmetall Waffe Munition GmbH, a subsidiary of Rheinmetall, taking a 51% share in the newly established joint venture, Rheinmetall Resonant South Africa

Russia Increases Artillery Guns, Ammunition Production tenfold in 2023 over 2022

July 31, 2024 @ 07:08 AM

Russian arms manufacturers have increased the production of artillery guns and their ammunition by upto ten times in 2023 over 2022, marking the biggest increase since the start of the Ukraine war. Rostec CEO Sergey Chemezov presented the company's 2023 performance to Russian President Vladimir Putin

Germany to Buy Light Attack Helos, F127 Frigate, Short-range Air Defense Systems

July 25, 2024 @ 07:49 AM

The German Defense Ministry has announced plans to acquire a light attack helicopter, an F127 frigate, and an air defense system for short- and very short-range threats. The details were outlined in the

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