Finmeccanica does not run the risk of being blacklisted in India despite ongoing investigations pointing to money laundering and corruption, according to reports. And still remains a candidate in an Indian government bidding contest for helicopters
The French government today revealed that it will freeze its defense budget for the next six years as part of proposed cuts to hamper its ability to mount military operations such as its intervention in Mali. The freeze will still lead to the loss of 34,000 jobs in...
Gripen manufacturer SAAB as suffered a setback this week after the Swiss National Councils Committee on Security Policy decided on April 9 to suspend discussions on the funds for the purchase of 22 Gripen combat aircraft, its president Chantal Galladé (PS/ZH) said. The issue will be debated anew in late...
The US Air Force today announced that it has begun curtailing operations of about one-third of the active-duty combat aircraft following recent budget cuts. “The stand down is the result of cuts to Air Combat Command's operations and maintenance account, which must be implemented in part by flying approximately 45,000...
The Rheinmetall group sees potential in markets outside Europe such as in Asia and Australia. Hence 2015 strategic program intends to generate around 50% of sales with customers outside Europe
Finmeccanica Chairman and Chief Executive Giuseppe Orsi was arrested today by the Italian police in connection to a “possible international corruption” involving the sale of 12 VVIP helicopters to India worth $750 million. According to the prosecutor investigating the case, Orsi is being scrutinized for corruption and embezzlement in relation to alleged bribes given to the Indian government
The British Army has revealed a drone, codenamed Black Hornet, and just eight inches long with three cameras hidden inside its nose and still manages to weigh less than 15 grams, or half an ounce.The “game-changing” drone has a smooth grey body and twin black rotors, stays airborne thanks to a small rechargeable battery, the Daily Mail reported
The UK Government has set up a fully-funded Defense Equipment Plan, allocating £160 billion to equip the Army, Royal Navy and Air Force over the next decade, the MoD published earlier today.The publication follows the Defense Secretarys announcement of a balanced defense budget for the first time last year, and indications that the defense ministry will take a new approach to financial planning
The German Air Force has taken delivery of the MANTIS air defence system from Rheinmetall today. “Thanks to MANTIS, the German Air Force now has at its disposal the world's leading air defence system for asset protection
The Norwegian government will spend $7.4 billion on defence in 2013, an increase from 2012’s $52
In a joint venture between Russia and Ukraine, the An-70 military transport aircraft has been flight tested after two years in development. The An-70 is certain to add to the competition between heavy airlift aircraft such as the C-130J Super Hercules and A400M aircraft
In the face of staggering unemployment and fiscal downturns, French President Francois Hollande has presented the draft defense budget for 2013. Until the new multi-year military program law can be approved for 2014-2019, the interim budget will establish a road map for 30 billion euros worth of spending cuts and new taxes in 2013