US Allocates $250M Ukraine Security Assistance Fund against ‘Russian aggression’
The US Department of Defense will allocate $250 million in Fiscal Year 2020 Ukraine Security Assistance Initiative (USAI) funds for additional training, equipment, and advisory efforts to enable Ukraines capacity to more effectively defend itself against ‘Russian aggression. The USAI funds – $125 million of which was conditional on Ukraines progress...
France Speeds Up Aircraft Procurement to Revive Ailing Aerospace Industry
France will accelerate procurement of drones, helicopters and tanker planes as part of a larger potential recovery plan to help aerospace industry cope with the economic crisis caused by COVID-19 outbreak. The announcement was made by French defense minister Florence Parly on Tuesday
South Korea to Defer US Missile Purchase as Part of $225 Million...
South Korea has decided to defer the purchase of US-made ship-to-air missiles worth 70 billion Won (US$57.5 million) as part of a 300 billion Won ($244
China’s Defense Budget Doubles to $178.2B in a Decade
China has set aside 1.268 trillion yuan ($178
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 China has decided to go ahead and will be held from Nov
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 to 40 years, a Boeing statement said
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
Pentagon to Arm Warfighters with ‘Made in America’ Low-Cost Drones
Norway to Buy 9 Sikorsky HH-60W Helicopters Worth $2.6 Billion
L3Harris Delivers First Overhauled P-8A Poseidon from 139-Aircraft Navy Fleet
South Korea’s DAPA Finishes Incheon Class Frigate Search Radar Upgrade
China's Mass-produced J-35A Aircraft Set to Disrupt Global Stealth Fighter Market
China is aiming to disrupt the global stealth fighter market by mass-producing its fifth-generation J-35A at a pace comparable to...
The Future of Combat: Miniaturized Laser Weapons Set to Replace Bullets and Missiles
Lasers may soon replace bullets, and drones could disable enemy UAVs with beams of light instead of missiles
Four-legged Robots Vs. Military Dogs
Four legged robots that resemble dogs are increasingly being seen in war zones and exercises for functions such as reconnaissance...
Lockheed Martin Faces Billions in F-35 Cuts Under U.S. Policy Shift
Americas policy of controlling F-35 usage, spares, and maintenance—combined with President Donald Trumps threats of trade wars with Europe, halted...
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...