South Korea on Wednesday said it had agreed to buy a fleet of U.S
Buenos Aires , March 31: The Peruvian defence ministry is likely to buy 24 Russian Mil Mi-171 (Hip) helicopters worth $406.8 million to use them in the fight against drug trafficking and terrorists, reports from Buenos Aires said
Helicopter procurement programs worth billions of dollars could be delayed or altogether cancelled in India following the AgustaWestland VVIP chopper bribery scandal which is being investigated in Italy and India. India has already put further payments and delivery of the AW101 helicopters on hold till the pendency of an investigation by its Central Bureau of Investigation (CBI) which has found grounds to charge the former chief of the Indian Air Force, S
The Indian Ministry of Defense on Thursday got a 14 per cent budget hike (about $37.45 billion approximately) for 2013-14 with a promise from Finance Minister P Chidambaram to provide any additional fund required for national security
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
Former Indian Air Force Chief Air Chief Marshal S P Tyagi today strongly denied allegations that he was paid a multi-million dollar bribe to help AgustaWestland seal the VVIP helicopter deal. His statement comes a day after Finmeccanica CEO and Chief Executive Giuseppe Orsi was arrested in connection to the money laundering charges
Deals between India and AgustaWestland seem jinxed taking into account that this is the second time in two decades that a helicopter deal between the two has been dogged by scandals. In 1986, the Indian government under then Prime Minister Rajiv Gandhi agreed to purchase 21 Westland helicopters for the Indian Navy despite staunch opposition from experts who didnt want the helicopters in the fleet
The Kingdom of Saudi Arabia is considering procuring German patrol boats worth $2 billion, according to reports. Although the potential sale has drawn criticism in Germany, the federal Security Council, which includes Chancellor Angela Merkel, has issued a positive response to a preliminary request for the sale by the Bremen-based Luerssen shipyard
AgustaWestland has termed the allegations of bribery relating to the sale of 12 VVIP helicopters to India as “baseless” at Aero India 2013. “The truth has prevailed,” said Geoff Hoon, AgustaWestland's Managing Director for International Business in an interview with defenseworld
Despite cuts in defense spending, several weapons and aircraft makers have reported a double growth in revenues. Boeing leads the competition with a 20