Indian Investigation In the Akash Missile System Contract Terminated Due To “Lack...

December 1, 2014 @ 10:26 AM

Indias top criminal investigation agency, the Central Bureau of Investigation, has closed its investigation into alleged irregularities in a $92 million contract awarded Bharat Dynamics Limited (BDL) to produce the Akash missile system citing lack of evidence. The CBI began its probe last May after allegations surfaced that the then Chief...

India To Float New RFP For Artillery Systems

November 24, 2014 @ 09:03 AM

Indias Defense Acquisition Council met for the first time under the new Defense Minister, Manohar Parrikar, on Saturday and cleared a proposal to procure 814 artillery guns worth $2.5 billion

Rostec, AVIC Sign Agreement To Increase Joint Partnerships

November 11, 2014 @ 10:21 AM

Rostec Corporation and the Chinese Industrial Aviation Corporation (AVIC) have reached an agreement regarding strategic cooperation, which will significantly increase interaction between the two companies. According to a statement from Rostec, plans are being made to work out the possibilities for implementing joint projects in aircraft, helicopter, and engine production, as...

India Gets New Defense Minister, Mahohar Parrikar Takes Oath

November 10, 2014 @ 08:42 AM

Manohar Parrikar has been named Indias new Defense Minister after a cabinet reshuffle yesterday. Parrikar, former chief minister of Goa, will succeed Arun Jaitley who has been handling both the finance and defence ministries since Prime Minister Modi came to office earlier this year

Indonesia To Increase Defense Budget Upto 1.5%

November 7, 2014 @ 01:43 PM

Indonesian Defense Minister Ryamizard Ryacudu today announced that his government will increase defense spending up to 1.5 percent of the state budget

Rheinmetal Shows-Off Modernized Leopard 2 Tanks At Indo Defence 2014

November 5, 2014 @ 12:20 PM

Rheinmetall is displaying a number of new combat systems recently delivered to the Indonesian Army at the Indo Defence 2014. Rheinmetall delivered 103 thoroughly overhauled and modernized Leopard 2 main battle tanks along with 42 Marder 1A3 infantry fighting vehicles and 11 various armoured recovery and engineering vehicles to the Indonesian Army

European Defence Firms Keen On Partnerships With Russia, Claims Rosoboronexport

October 29, 2014 @ 01:13 PM

European weapons manufacturers are keen on closer cooperation with Russia, but the current “political situation” makes this cooperation rather difficult, said Sergey Ladigin Deputy Director General of Rosoboronexport at the Euronaval exhibition. Russian defence firms are facing sanctions from European countries over the Ukraine crisis, though many European governments have responded half heartedly over the US call for Western sanctions

Defense Companies’ Stocks Rally After India Approves $13 Billion Weapons Package

October 27, 2014 @ 01:45 PM

A day after the Indian Ministry of Defense cleared proposals worth $13 billion, shares of local arms manufacturers rose as much as 8.6 per cent Monday

Partnerships Between Indian, Foreign Defence Companies Gather Pace

October 27, 2014 @ 09:20 AM

Partnerships between Indian and foreign arms manufacturers have shown a distinct upward trend in the past few months. Perhaps enthused by the hike in foreign investment limit from 26% to 49% and the Modi governments thrust to domestic manufacture of defence equipment, an increasing number of international firms are scouting for local partners

Cobham Wins AUD $640 Million SAR Contract

October 24, 2014 @ 02:37 PM

The Australian Maritime Safety Authority (AMSA) has awarded a new contract to continue its dedicated airborne search and rescue capability when the current contracts expire. Cobham SAR Services Pty Ltd will begin providing a search and rescue service for AMSA from August 2016

Russia Threatens To Sue France Over Mistral-Class Helicopter Carrier Contract

October 24, 2014 @ 02:33 PM

Russia will sue France if Paris refuses to honor a contract on construction of two Mistral-class helicopter carriers for the Russian Navy, Kremlin chief of staff Sergei Ivanov said Thursday. "We will file a lawsuit and demand compensation [if the contract is not fulfilled], as it's commonly done in a civilized world," Ivanov said

Rostec Subsidiary Presents New Mobile Command Post

October 24, 2014 @ 09:38 AM

The Ruselectronics Holding Company, a subsidiary of Rostec Corporation, has presented a new mobile command post for remote observation and surveillance during security operations in areas affected by natural disasters, emergencies caused by technology, and in mass gatherings and potentially volatile crowds. The new system was demonstrated at Interpolitex 2014, the 18th International Exhibition of Technologies and Methods to Ensure National Security