The Indian Navy has inducted its largest warship, aircraft carrier INS Vikramaditya, along with a fleet of MiG 29K combat aircraft. "The navy has inducted aircraft carrier INS Vikramaditya which is now operationally deployed with MiG 29K aircraft embarked and being flown by Indian naval pilots," Navy chief Admiral Robin Dhowan was quoted as saying by Press Trust Of India (PTI)
Defense procurement is set to balloon in the Philippines with contracts worth approximately $2 billion awarded and in the pipeline in the first half of 2014. Against the backdrop of the Manilas first-ever defense exhibition, the ASIAN DEFENCE, SECURITY & CRISIS MANAGEMENT EXHIBITION & CONFERENCE (ADAS), July 16-18 2014, Defenseworld
Electric Boat, a subsidiary of General Dynamics has won a contract valued at $17.6 billion for the construction of 10 additional Virginia-class submarines
Russian arms export agency, Rosoboronexport has achieved sales worth $1 billion in Vietnam, Malaysia and Indonesia among others over the last few years. This is in contrast to American and European defense contractors who have secured fewer contracts than Rosoboronexport
China is building underwater surveillance systems to detect submarines and began developing the project in 2011. The system is apparently similar to the one used by the US during the Cold War
Sweden plans to increase its annual defence spending over the next 10 years, citing the crisis in Ukraine and an "unsettling" development in Russia. The government on Tuesday said that spending would rise gradually until 2024, when the annual defence budget increase would be around 5
General Dynamics today reported first-quarter 2014 net earnings of $595 million, or $1.71 per share on a diluted basis, compared to 2013 first-quarter net earnings of $571 million, or$1
Lockheed Martin has won a contract option worth approximately $10 million to support the US Navy's intermediate-level maintenance activities for all MK-48 torpedoes. This is the first option exercised from a contract awarded in 2013 and brings the total contract value to more than $18 million
A total of 13 Crimean-based Ukrainian defense enterprises manufacturing a variety of hardware including the Odessa Aviation Plant and a Joint Stock Company (JSC) Motor Sich will be taken over by Russia. Following the merger of Crimea with Russia the latter plans to infuse capital and technology to modernize the plants, Russian and Ukrainian sources told Defenseworld
General Dynamics is upgrading the three VASCO DA GAMA-class frigates with an adjunct processing system for the Portuguese Navy. Designed by General Dynamics Canada, the ECLIPSE adjunct processor provides the in-service AN/SQS-510 sonar systems with enhanced operational capability to detect submarines and torpedoes