India to sign defense contracts valued below INR 200 Crore with local
The Indian Defense Ministry will sign contracts valued equal to or less than INR 200 crore ($23.4 million) with only local firms
India Announces Measures to Cut Defence Imports
India plans to strengthen its “Make in India” initiative by building its own military equipment and curbing imports, under its whopping $265.2 billion (INR 20 lakh crore) economic package
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
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
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
S Korea Slashes Defense Budget by $733M to Fund COVID-19 Expenses
The South Korean Finance Ministry has announced plans to direct $733 million (904.7 billion won) from this years $40
Israel Forcibly Displaced 1.9 Million of Gaza's 2.2 Million Inhabitants: Human Rights
South Korea Unveils New Supersonic Air-Launched Anti-Ship Missile at 2024 Sacheon Airshow
Artillery Procurement from Elbit Systems-Danish Investigation finds Irregularities
General Atomics' Gray Eagle STOL Achieves First Takeoff from South Korean Warship
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...