AgustaWestland, which is accused of paying bribes to secure a contract to sell 12 VVIP helicopters to the Indian Air Force,has put three helicopters in the hanger as the Indian government has not responded to its request for negotiations on further deliveries under the contract.After news of the bribery became known, the Indian MoD ordered a criminal investigation and pur the contract on hold, meaning suspending both payments and accepting further deliveries
Boeing and partner Bell continue to make headway with the export of their V-22 Osprey aircraft right after U.S Secretary of State Chuck Hagel last month negotiated a deal with Israel to sell the first ever V-22 Osprey transports to a foreign country
Lockheed Martins F-35 program funds have dropped by at least $500 million, according to Pentagon reports. The estimate on upgrades for the first five contracts of 90 aircraft has dropped to about $1
India will provide medium-left choppers to Tajikistan (and plans to dedicate a hospital) in order to built “strategic” ties between the two countries. The decision to provide the Russian-origin MI-series choppers come after Tajikistan President Emomali Rahmon's visit to India last August, officials said
Facing the threat of cancellation of its Rs 3,600 crore deal for VVIP choppers, AgustaWestland has asked the Indian Government to release its payments, claiming the breach of contract. In a letter written to the ministries of Defence, Finance and External Affairs, the Anglo-Italian firm has said that there were certain 'contractual difficulties' with the Defence Ministry and asked for its payments to be released
AgustaWestland has sought release of payment from the Indian MoD on grounds that it is performing its part of the contract in the supply of 12 VVIP helicopters to India. In separate communications to the Indian MoD and the External Affairs ministry, the company has invoked the performance clause in the contract
Lockheed Martin's F-35 program, the costliest fighter aircraft in the world, just got a little less expensive. The U
Rosoboronexport has won contracts worth $5 billion this year, according to a statement. The multi-billion dollar contract include a $2
In a deal worth several millions of dollars, Rheinmetall has been given a nod by the German government to sell 164 tanks to Indonesia, after the Dutch parliament rejected the similar request over human rights concerns. After this deal, Indonesia joins the contentious new export list along with Saudi Arabia, Qatar and the United Arab Emirates
Turkey recently announced nearing the final round of contract negotiations worth $3.5 billion with Sikorsky Aircraft for the co-production of scores of utility helicopters