The Government of the Republic of Panama and Finmeccanica today reached a settlement related to the contracts awarded to the companies - Selex ES and Telespazio. The settlement reached by the Republic of Panama and Finmeccanica involves an extension to the original contract allocated to Telespazio for a digital mapping system for Panama, as well as the consensual termination of a $125 million contract allocated to Selex ES for a radar surveillance system in 2010, in relation to which the Republic of Panama will have the right to purchase helicopters or other equipment from Finmeccanica
India may buy additional 40 Su-30MKI multipurpose fighter from Russia for local assembly. "Indian Air Force faces a number of problems
Israel and US have started a joint exercise focusing on defense against ballistic missile threat. "The US European Command and the Israeli Defense Forces (IDF) commenced the exercise known as Juniper Cobra 16 on Sunday in an eighth of a series of biennial exercises between the two countries since 2001," an IDF spokesperson was quoted as saying by Sina, Chinese news daily Sunday
Russias T-50 or PAK-FA fifth generation fighter aircraft achieved a climbing rate of 384 meters per second, a speed at which it could reach the altitude of Mount Everest (8848m) in 23 seconds. This feat was demonstrated during testing recently, according to Russian newspaper Rossiyskaya Gazeta
The Russian Navy corvettes equipped with Kalibr cruise missile will be permanently deployed in the Mediterranean, a Russian Navy admiral said. The vessels from the Black Sea fleet will continue sailing as part of Russias naval group in the Mediterranean tasked with supporting anti-terrorist operations in Syria, Commander Admiral Alexander Vitko told RIA Novosti
Russian Helicopters new unmanned tiltrotor has successfully completed a new testing stage by performing its first flight. Created by VR-Technologies, an innovative design bureau, part of Russian Helicopters, this unique tiltrotor has gained interest of a number of oil and gas companies and various government agencies
The Indo-French negotiations for buying 36 Rafale have again hit a deadlock over the issue of price with Indian Defense Minister saying that there would be no deal until the price was right. "The price is the problem that needs to be resolved as long as I do not get the right price, I cannot sign, but we resolved the other issues in terms of safeguards; procurement and manufacturing methods " Defense Minister Manohar Parrikar said on India Today news channel Thursday
The first batch of indigenously developed Bofors type guns will be dispatched to the Indian Army in March. The tests carried out on the 5
Lockheed Martin said on Thursday that the company is ready to manufacture F-16 aircraft in India and supports the ongoing talks between the two countries to set up the first manufacturing facility. "We are ready to manufacture F-16 in India and support the Make in India initiative," Phil Shaw, chief executive of Lockheed Martin India Private Ltd told reporters at the Singapore Airshow 2016 today
Honeywell has developed a situational awareness system to be mounted on dogs that will enable them to send back images and video from difficult-to-reach places. The dogs can be guided to follow a certain path based on the controllers command