The Indian government has spent over Rs 2.35 lakh crore (USD 38
Lockheed Martin launched a new organization named Lockheed Martin International (LMI) today. This new organization is responsible for strengthening international customer relationships and industrial partnerships, and growing the company's global business
Puerto Rico is emerging as a highly competitive location for aerospace-related research, innovation, engineering, service and production, and to expand its base further, the Puerto Rico Industrial Development Company (PRIDCO) officials are attending Paris Air show eyeing for more investment opprotunites. Puerto Rico has nearly $100 million in investments on the...
BAE Systems today appointed Roger Carr as its new chairman, replacing Dick Olver who was asked to step aside after the collapse last year of the company's proposed mega-merger with European aerospace group EADS. "BAE Systems plc is pleased to announce that Sir Roger Carr
Northrop Grumman has announced the appointment of Ian Irving as chief executive for Australia, effective July 15. In this new position, he will play a leading role in supporting the company's current programmes, developing strategies for growth and identifying new business opportunities for the company's activities in Australia and the Asia Pacific region, according to an official statement
Facing the threat of cancellation of its Rs 3,600 crore deal for VVIP choppers, AgustaWestland has asked the Indian Government to release its payments, claiming the breach of contract. In a letter written to the ministries of Defence, Finance and External Affairs, the Anglo-Italian firm has said that there were certain 'contractual difficulties' with the Defence Ministry and asked for its payments to be released
Rockwell Collins announced several leadership changes within Commercial Systems (CS) and International & Service Solutions (I&SS) today. Scott Gunnufson has been appointed vice president of Sales, Marketing and Support for CS, reporting to Kent Statler, executive vice president and chief operating officer for CS
Northrop Grumman has announced that it will appoint Andrew Tyler chief executive for the United Kingdom and Europe, effective July 1. In this new position, he will play a leading role in supporting the company's current programmes, developing strategies for growth and identifying new business opportunities for the company's activities in the U
The Danish Supreme Court has ordered SAAB to repay about MDKK 187 plus interest costs, totalling about MDKK 243, to the Danish Defence Acquisition and Logistics Organisation (DALO) and to compensate DALOs court costs. The DACCIS dispute originates from a terminated contract concerning the command and control system DACCIS
Lockheed Martin Corporation announced that its board of directors has approved the appointment of Orlando Carvalho, 54, to executive vice president of the Aeronautics business area, and Lorraine Martin, 50, as vice president and general manager of the F-35 Lightning II program. The board also elected Martin a corporate officer
Navratna Defence PSU Bharat Electronics Limited (BEL) has paid a total dividend of 187% for the year 2008-09. Mr Ashwani Kumar Datt, Chairman and Managing Director, BEL, presented the 127% final dividend cheque of Rs