Defexpo Organizers Face $480,000 In Losses After Finmeccanica Ban

February 6, 2014 @ 08:42 AM

The Indian Defence Ministrys decision to ban 27 domestic and international firms from attending Defexpo 2014 has caused show organizers with the losses over $480,000. Due to the cancellation of bookings of Finmeccanica and its subsidiaries AgustaWestland, Selex, Oto Malera, Aleania Aermachhi and WASS in view of a pending CBI probe...

MBDA To Set Up Indian Scholarship Programme in France

February 4, 2014 @ 06:34 AM

MBDA, the ISAE-SUPAERO Foundation and the Institut Supérieur de lAéronautique et de lEspace (ISAE) have signed a sponsorship agreement setting up an Indian scholarship programme in France. Between 2014 and 2017, this programme will contribute towards the financing of 24 students and young aeronautical professionals from India, enabling them to undertake...

New Rheinmetall International Engineering GmbH Launched

January 23, 2014 @ 11:56 AM

The joint venture of Rheinmetall AG of Düsseldorf and Ferrostaal GmbH of Essen, Rheinmetall International Engineering GmbH, is now ready to take-off. Rheinmetall and Ferrostaal had announced the creation of the joint venture in September 2013, with each holding a 50% stake

AK Antony, Defence Minister, India - A Profile

January 21, 2014 @ 10:02 AM

As AK Antony, Indias longest serving defense minister, enters the final year of his governments tenure, his handling of the MoD will be remembered for zero-tolerance towards corruption and a determined push to indigenization of defence hardware. Under his seven years leadership, Indias MoD initiated several programs to modernize its...

Northrop Grumman Appoints New Director To Lead Business Development In UAE

January 15, 2014 @ 08:02 AM

Northrop Grumman has announced the appointment of Paul Casey as director International Business Development for the United Arab Emirates (UAE) effective Jan. 20, 2014

Eurocopter Officially Named Airbus Helicopters

January 9, 2014 @ 08:39 AM

Eurocopter has been rebranded as Airbus Helicopters, effective today, which joins Airbus and Airbus Defence & Space, within the new parent company, Airbus Group. Airbus Helicopters will benefit from and enrich the Airbus brand as it develops, manufactures, markets and supports a diversified and highly capable rotorcraft product line

Rockwell Collins Appoint Senior Vice President For New Information Management Services Business

January 8, 2014 @ 08:14 AM

Rockwell Collins today announced the foundation of a new Information Management Services (IMS) business that combines recently acquired ARINC Inc. with its Flight Information Solutions business and its Ascend family of products and services

AgustaWestland Receive Contract Termination Notice

January 3, 2014 @ 08:24 AM

AgustaWestland has confirmed that it received a termination notice from the Indian Ministry of Defence yesterday on the VVIP chopper deal, along with a notification concerning an appointment of an arbitrator from its side, as requested on November 25 and December 4, 2013. AgustaWestland claims that the contract termination notice by the Indian Ministry of Defence doesnt offer adequate basis to take any action against the Company

EADS Rebranded As AIRBUS Group

January 2, 2014 @ 12:15 PM

The EADS group has been rebranded as “Airbus Group”, uniting all its activities under a single and strong brand with two of its three divisions renamed as well. The group is home to Airbus, focussing on commercial aircraft activities; Airbus Defence and Space, integrating the Groups defence and space activities from Cassidian, Astrium, and Airbus Military; and Airbus Helicopters, comprising all commercial and military helicopter activities

Rockwell Collins Acquire ARINC Inc Under $1.4 Billion Deal

December 30, 2013 @ 02:02 PM

Rockwell Collins has successfully completed the acquisition of ARINC Incorporated from The Carlyle Group for $1.4 billion

India Closes Bribery Cases Against IAI, Tatra, Hope For AW, Denel, Rheinmetall

December 27, 2013 @ 01:59 PM

India, in the past couple of months, has closed at least two high-profile cases involving bribery and corruption in its defense dealings thus lifting a moratorium placed on several firms over the past decade. One is the long-running investigation into the allegation that the Israeli Aerospace Industries paid kickbacks to Indian officials to win the Barak missile deal in 2001

Textron To Acquire Beech Holdings Under $1.4 Billion Deal

December 27, 2013 @ 09:03 AM

Beechcraft Corporation announced today that Textron Inc. has agreed to acquire its parent, Beech Holdings, LLC