With uncertainty over defense spending in the U.S and abroad, defense giants like flight simulator-maker CAE are looking to the Middle East and other countries as a safe haven for growth
The Indian Ministry of Defense has selected Airbus Military to supply its A330 MRTT Multi Role Tanker Transport to the Indian Air Force. Airbus won the competition after a lengthy and thorough selection process including the completion of extensive flight demonstrations in India by the A330 MRTT during which the aircraft refueled multiple types of IAF fighters and operated from the high-altitude IAF base at Leh
As far the Russian weapons manufacturer Rosoboronexport is concerned the competition is still on to win the Indian helicopter deal. The company has strongly denied rumors the company lost out on heavy-lift helicopters and aerial tankers tenders issued by the Indian Air Force
Airbus Military and PT Dirgantara Indonesia (PT DI) have signed an agreement to jointly launch an upgraded version of the Airbus Military C212-400 aircraft. The aircraft, renamed as NC212, will be offered to both civil and military customers and will be a highly competitive offer in the market segment of light aircraft, being equipped with new digital avionics and autopilot systems
Irkut Corporation has secured $2billion credit line with the Sberbank for the production of combat aircraft for the Russian Air Force. Vladimir Yashin, Vice-president of JSC Sberbank of Russia, said, “Sberbank has been working with Irkut Corporation for about 20 years being the main credit provider for the company
The Indonesia Air Force plans to receive two military transport aircraft CN295 from PT Dirgantara Indonesia (PTDI). The CN295 aircraft will replace Fokker-27 Paratrooper
Indonesia has taken delivery of two Airbus Military C295 transport aircraft ordered in February this year. The aircraft are the first of nine to be delivered to the Indonesian Ministry of Defence under the terms of a contract signed by Airbus Military and PT Dirgantara Indonesia (PT DI)
Just weeks before being delivered to the United Arab Emirates, during the flight test of the Airbus A330 Tanker Aircraft the refueling boom fell from the multi-role tanker transport. No one was injured during the incident which occurred while the aircraft was flying between Spain and Portugal
Cassidian’s new CEO Bernhard Gerwer took over the reins of the defense giant and presented a new development plan and appointed new members of the division's new management team. Gerwert, said, "The goal of this planned new division setup is mainly to reduce complexity, developing Cassidian towards clear accountability and empowerment in order to enable a better reactivity towards market challenges"
Defense group EADS is considering setting up a bank for its cash reserve of about $12.2 billion as protection against the euro-area debt crisis