German Naval Yards, Lürssen Announce Merger
German Naval Yards Kiel and Lürssen shipyards announced plans to form a joint venture on Thursday. Earlier this week, owners of both shipyards laid the foundation for a final JV agreement
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
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
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
Boeing-Embraer Partnership Approved By Shareholders
Embraer's shareholders today approved the proposed strategic partnership between Boeing and Embraer during an Extraordinary General Shareholders' Meeting held at the companys headquarters in Brazil. At the meeting, 96
Truck Carrying Patriot Air Defense System Overturns in Taiwan, 2 Hurt
Rafale Jet to Detect Targets 100 Times Faster with New AI-Infused Talios
Russia’s Nuclear Weapons Testing Ground Ready to Resume Tests After 34 years
World Central Kitchen Confirms Israeli Strike on Workers
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...
NATO’s Intensified Exercises a Prep to Attack Russia?
Recent NATO exercises such as the BALTOPS-24, Steadfast Defender 2024 and its first-ever Basic Fighter Maneuvers exercise have been its...
Precision in the Skies: The Evolution of Loitering Munitions
Loitering munitions - drones that hover over a target and blow up near it - have become the weapon of...
Is the Patriot Air Defense System Outdated?
After Israel revealed its decision to decommission its U
Russia's Growing Influence in Africa: Arms Sales and Military Bases
Russia's expanding influence in Africa, demonstrated by arms sales, military deployments, and diplomatic engagements, reflects a significant geopolitical shift on...