The Indian Ministry of Defence has approved women as fighter pilots who will be inducted into the combat stream of the Indian Air Force from next year. Since their induction into the transport and Helicopter streams of the IAF, the womens performance has been ‘praiseworthy and on a par with their...
Saab today announced the dissolution of its Security and Defence Solutions unit as part of a restructuring of its business units starting January 2016. A company statement said that Saab expects organic sales growth in 2015
CAE has closed the acquisition of Bombardier's Military Aviation Training business for Canadian $19.8 million
Subversive Capital has acquired the remainder of AeroVironment's CybAero holding. "We are delighted that Subversive Capital decided to become a major shareholder of CybAero and we look forward to working closely with them," said CybAero CEO Mikael Hult in a statement Thrusday
Singapore has appointed Major-General Perry Lim Cheng Yeow, Chief of Army as a new chief of Defense Forces. From 18th August, MG Lim will succeed Lieutenant-General (LG) Ng Chee Meng, the Singapore Defense Forces announced Today
Nexter Systems and Krauss‐Maffei Wegmann today signed an agreement to merge into a Franco‐German defence technology group with a 2 billion euro turnover, 9 billion euro order book and over 6,000 employees. Nexter and its owners view this step as decisive for the consolidation of the defence technology industry in Europe
The Appointments Committee of the Indian Cabinet (ACC) has approved on Friday the appointment of Senior IAS officer G Mohan Kumar as new Defence Secretary for a two-year term and Ashok Kumar Gupta as the new secretary of defence production. G
Turkey's Havelsan will acquire flight simulation assets of Quantum3D that has US government units and civil companies as its customers, in order to increase simulation and training abilities. The deal with Quantum3D will likely to be finalized this year and its products will continue to be sold under the Quantum3D brand name like before, various media reported last week
Indian Ordnance Factory Board (OFB), the collection of government owned factories which manufactures ammunition, weapons and vehicles, could be turned into one or more corporate entities. The move is expected to ensure better accountability, higher production and profitability
Indias Mahindra group is planning to acquire 30% stake in Pipavav Defense as it plans to make a foray into defense sector. Pipavav is Indias largest shipyard in the private sector
Harris Corporation will acquire Exelis for an approximate $4.75 billion at $23
Krauss-Maffei Wegmann (KMW) has acquired Diehl Defence Land System from Diehl Defense under a contract announced on December 17. However, the contract is subject to approval by the antitrust authorities