Boeing has it said it is pleased with the response to its bond offering which began May 1, and is expected to raise $25 billion by Monday, May 4. The bond offering includes debt instruments with an aggregate principal amount of $25 billion across seven tranches with maturities ranging from three to 40 years, a Boeing statement said
The United States approval of a possible sale of six Boeing Apache or Bell Viper helicopters on March 30 to the Philippines may shut the door on a proposed sale of Turkish ATAK T129 choppers to Manila. In December 2019, Filipino Defense Secretary Lorenzana announced that the Philippine Air Force (PAF) has chosen the ATAK T129, adding that their budget for attack helicopters (estimated at US$250 million) could afford eight to 10 units
The US State Department has approved a possible Foreign Military Sale to the Philippines of six AH-64E Apache attack helicopters, 200 Hellfire Missiles and related equipment for an estimated $1.5 billion
The Kingdom of Saudi Arabia has granted a license to a local company to manufacture military drones first unveiled at Dubai Airshow-2019, starting next year. On April 27, the General Authority for Military Industries approved for Infra Defense Technologies to build 6 drones in 2021, and 40 within a span of five years
The US Navy accepted the delivery of $4 billion USS Zumwalt destroyer on Friday, three years after the service commissioned the stealthy warship. “The Navy accepted delivery of USS Zumwalt (DDG 1000), the lead ship of the Navy's next-generation of multi-mission surface combatants, on April 24
Turkey's Nero Industries will set up a new 12,000-square-meter facility in Ankara to produce chemical, biological, radiological and nuclear (CBRN) detection kits under a $230 million project partially funded by the government. Financial assistance will be provided during the first six years after the start date of the project
The US Defense Advanced Research Projects Agency (DARPA) has asked BAE Systems to develop machine learning analytics services as part of its Geospatial Cloud Analytics (GCA) programme. “BAE Systems aims to develop machine learning analytics as a service – a first-of-its-kind, cloud-based model for the government – that can leverage commercial and open source data to deliver constant worldwide situational awareness for a diverse range of challenges
Pentagon officials are in “full agreement” with President Donald J.Trump who ordered the Navy to destroy any armed Iranian vessel that “harasses” American warships
Iran has successfully into low earth orbit its first spacecraft, the military satellite, Noor (Light) designed to gather intelligence from around the Middle East. The satellite was placed into an orbit located 425 kilometers above the Earth's surface by a two-stage carrier Qassed (Envoy), the country's Tasnim news agency reported on Wednesday quoting government sources
A South Africa Air Force (SAAF) C-130BZ Hercules preparing to take-off from AFB Waterkloof for a test flight on Tuesday morning reportedly suffered a nose wheel collapse. State-owned Denel is preparing the upgraded C-130BZ Hercules ‘405 for it to join back the service and conducted a test flight on the morning of April 21