Companies With Low Financial Ratings To Be Out of 'Make in India'
A high-powered ministry of defence (MoD) panel has recommended to remove low credit-rated and debt-ridden companies from the major defence projects under 'Make in India'. Even though the companies are shortlisted and are in the prominent position now, this recommendation can disqualify some of them from the defence manufacturing plans, Economic...
India Received US $5.02 Million as Foreign Investment in Defence 'so far'
India has so far received US$ 5.02 million (INR 32 crore) in Foreign Direct Investment (FDI) in the defense industry sector
Iraq Fast Catching Up With China, India As Russia's Biggest Arms Importer
Iraq has joined India and China as Russia's top three arms importers in 2014. Rostec, the holding company of various Russian arms manufacturers said in its annual report on Wednesday that the deliveries of Russian military equipment were made to 59 countries
China to Lower Entry Bar for Private Industry in Weapons Manufacturing
China plans to lower the entry barrier and open more areas for private sector to manufacture weapons and other military equipment. "The government will open more fields in the defense sector to private enterprises and lower the entry threshold for them," said Xu Dazhe, director of the State Administration of Science,...
North Korea Rehearsing For Military Drill
North Korea is gearing up for the massive military exercise that will be held in October. The South Korean ministry said missiles, armoured vehicles, multiple rocket launchers and other weapons had been collected at the Mirim military airfield for a rehearsal, three months before the 70th anniversary of the founding of...
Skyshield Anti-Missile Protection On Eilat-Bound Flights
SkyShield anti-missile systems have been installed on Israeli flights to Eilat, bordering Sinai, the site of violence between Egypt and IS militants. The Israel defense establishment ordered to deploy the SkyShield missile defense systems to Arkia and Israir flights to Eilat two weeks ago, following IS militants attack against the Egyptian military in Sinai, daily Yedioth Ahronoth reported Monday
Buying Subs Better Than Having Funds Misappropriated: Thai PM
Defending the proposed purchase of Chinese submarines, Thai Prime Minister Prayut Chan-o-cha has said that state funds can be better utilized in purchasing the three subs than leaving it open for misappropriation. The Prime Minister's comments yesterday quoted in the Thai media have kicked off a storm in Thailand as it implies loose check over state finances and the possibility of corruption
Philippines Earmarks $20 Billion To Counter Chinese Threat
Philippines plans to spend US $20 billion on modernizing its forces in the backdrop of growing threat from China in the disputed South China Sea. “The blueprint includes installing radars and sensors and buying submarines, frigates, fighters, surveillance planes and missile systems,” Major-General Raul del Rosario, military chief of plans was quoted as saying by Reuters Tuesday
India Issues 73 Licences For Defence Hardware Manufacture
The Indian government has issued 73 licences for the manufacture of defence hardware by Indian private firms during the last 12 months. The validity of these licences is 7 years which can be extended for a further three years, the Department of Industrial Policy & Promotion said in a statement
France Becomes “Feature Country” at Singapore Airshow 2016
Singapore Airshow 2016 will welcome France as the Feature Country in the fifth edition of the show, scheduled to take place from 16 to 21 February 2016, at the Changi Exhibition Centre. The Feature Country series, which made its debut at the 2014 Airshow, was developed as a permanent feature to enable the countries exhibiting within the pavilion to leverage on the Singapore Airshow as a strategic platform; lending support to businesses of the Feature Country and enabling them to tap into the opportunities in the Asia Pacific region and beyond
India Scraps Customs, Excise Duty Exemptions To Public Sector Defense Companies
The Indian government, in a move to encourage foreign defense manufacturing in India has withdrawn the Customs and excise duty exemptions that were applicable to products manufactured by the Ordnance Factories Board (OFB) and defence public sector undertakings (DPSUs). The government on Monday in a notification said the steps will provide a level playing field to private players with the Ordinance Factory Board and Indian defense PSUs who enjoy these exemptions
Kim Jong Un Photo-ops With SLBM Scientists While UN Threatens Sanctions Against...
North Korean Leader Kim Jong Un participated in a photo session with scientists, technicians, workers and officials who were part of the successful test-fire of the submarine launched ballistic missile (SLBM) by the countrys navy earlier this month. “When Kim Jong Un appeared in the venue of the photo session, all the participants broke into enthusiastic welcoming cheers
Swedish Air Force to Retire SK 60 Trainer Aircraft in June
No Donation, U.S. Approves $30 Million HIMARS Artillery System Sale to Ukraine
Luxembourg Allocates €2.6B for French Griffon, Jaguar Armored Vehicles
China Coast Guard Conducts Maritime Rescue Drill Near Huangyan Dao Amidst Regional...
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...
Development Trends in Unmanned Surface Vessels
Unmanned surface vessels (USVs) have caught the attention of the world following their spectacular success in sinking Russian warships in...
Have Iran-Israel Missile Attacks Enabled Mutual Deterrence?
Iran's April 13-14 missile strike against Israel marks a paradigm shift in Tehran's approach to Israel; from previously relying on...
Free Flight to Russian Hypersonic Missiles as America's Own Hypersonics Program Delayed to 2027
As Russian Aerospace Forces pummeled Ukrainian positions in mid-March 2024 with hypersonic missiles, the Pentagon's own hypersonics program faces delays,...
Counter-trade, Undisclosed Deals May be Masking Russia’s Arms Export Numbers
A Stockholm International Peace Research Institute (SPIRI) report last week reported a steep fall in Russias arms exports- pushed to...