Mitsubishi to Complete Acquisition of Bombardier's Regional Jet Division on June 1
Mitsubishi Heavy Industries (MHI) and Bombardier Inc. of Canada have agreed that all closing conditions have been met and the transaction pertaining to the acquisition of Canadair Regional Jet (CRJ) Program will close on June 1, 2020
Cloud Signing Ceremony Kicks off AirShow China 2020
Chinas 13th China International Aviation and Aerospace Exhibition kicked off today with a ‘cloud signing ceremony where potential national and international exhibitors signed up for the event by video-conferencing. While most important aerospace events including the Farnborough International air show pulling the plug due to the COVID-19 pandemic this year, Airshow...
Raytheon Company Registers Order Backlog of $10.2B in Q1 2020, up 25%
Raytheon Company has reported a healthy order book with a book-to-bill ratio of 1.44 and backlogs at the end of first quarter 2020 valued at $51
BAE Systems acquires Raytheon’s Airborne Tactical Radios Division
British defense company BAE Systems completed acquisition of Raytheon Technologies Corporations Airborne Tactical Radios (Airborne Radios) business on Monday. In January, BAE Systems had said it entered into a definitive Asset Purchase Agreement to acquire Collins Aerospaces Military GPS business for $1
Boeing to Raise $25 Billion in Bonds, Refuse US Government Aid
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...
Airbus Defence and Space’s Revenue in Q1 2020 is 7X lower than...
Airbus Defence and Spaces EBIT Adjusted results for the First Quarter (Q1) for this year stands at €15 million, or nearly seven times lower than in Q1 2019 when it was €101 million, owing to the COVID-19 pandemic. “We saw a solid start to the year both commercially and industrially but we are quickly seeing the impact of the COVID-19 pandemic coming through in the numbers
Saudi Arabia’s Defence Expenditure Fell 16% in 2019 Despite Yemen War
Saudi Arabia spent $61.9Billion on military expenditure in 2019 compared to 67
Embraer: Boeing “Wrongfully” Terminated JV Agreement, Failed to Pay $4.2B
Embraer has accused Boeing of “wrongfully” terminating the Master Transaction Agreement (MTA) to establish a strategic partnership, and said the company failed to cough up $4.2 billion purchase price
Three-Month Delay in US Defense Acquisition due to COVID-19
Major Pentagon defense acquisition programs as a whole will face about a three-month slowdown due to COVID-19 pandemic. “Of 10,509 major prime contractors, 106 are currently closed and 68 have closed and already reopened
Thailand Delays Chinese Submarine Deal Over Coronavirus-forced 33% Budget Cut
The Royal Thai Navy has put its plan to acquire two Yuan Class S26T submarines from China on hold, after 33% of its budget was diverted to fund expenses caused by the COVID-19 crisis. The Navys budget was slashed by 4
New Russian Law Tightens Secrecy Around Defence Orders to Avoid US, EU...
The State Duma of the Russian Federation has recently adopted a law that limits the circle of persons who may possess information about state defense orders. The explanatory note states that the adoption of the bill is necessary to limit the circle of people who have information about the implementation of state defense order in the context of sanctions against Russia, the Russian MoDs news channel, tvzvezda
Anduril Rolls Out Pulsar-L Electromagnetic Warfare System for Fast-Deploy Missions
Pakistan Warns Of Imminent Indian Strike After Kashmir Attack Kills 26
_1480683499.jpg)
Norway Completes F-35 Fleet Delivery, Receives First Joint Strike Missile for Stealth...
Lockheed Martin Partners With Rheinmetall to Launch Missile Production Hub in Europe
The Future of Combat: Miniaturized Laser Weapons Set to Replace Bullets and Missiles
Lasers may soon replace bullets, and drones could disable enemy UAVs with beams of light instead of missiles
Four-legged Robots Vs. Military Dogs
Four legged robots that resemble dogs are increasingly being seen in war zones and exercises for functions such as reconnaissance...
Lockheed Martin Faces Billions in F-35 Cuts Under U.S. Policy Shift
Americas policy of controlling F-35 usage, spares, and maintenance—combined with President Donald Trumps threats of trade wars with Europe, halted...
Russian Su-57 and Chinese J-20 as Alternatives to the American F-35 Stealth Fighter
As the Russian Su-57 stealth fighter jet enters serial production, the debate over how it stacks up against the American...
