US based Firearms manufacturer Colt has filed for bankruptcy after it failed to garner support of bondholders for a debt reshaping agreement, the company said in a statement last Sunday. "Colt plans to try to reduce its $355 million debt burden via a court-supervised auction of its business, to generate proceeds to repay some of its lenders," Wall Street Journal reported Monday, 15, June 2015
Boeing announced Monday that Qatar has signed an agreement with it for the purchase of four more C-17 Globemaster III airlifters. These aircraft will join the Qatar Armed Forces (QAF) existing fleet of four and help meet their ongoing airlift requirements
Airbus Helicopters will be showcasing its latest combat, search and rescue and tactical transport helicopters at Paris Air Show 2015, the company said in a statement today. Airbus helicopters will display H160 rotorcraft that has distinctive Blue Edge blades, canted Fenestron and biplane stabilizer TM
Vietnam is in talks with European and US aircraft manufacturers to buy fighter jets, maritime patrol planes and reconnaissance drones, agencies reported Friday. As part of its military modernization, Vietnam has three Russian-built Kilo-attack submarines and has three more on order as part of a $2
The Israeli Ministry of Defense released data Thursday which indicates that Israeli defense sales last year plunged to their lowest point in seven years, with about $5.66 billion in new contracts signed in 2014
Trinidad and Tobago has agreed to purchase twelve vessels for its Defence Force from Damen Shipyards. Trinidad and Tobago has ordered a complete package of vessels with the aim of enhancing the countrys maritime security and of establishing the foundations of a Maritime Security Wall; thereby creating and sustaining an effective presence in all tiers of Trinidad and Tobagos maritime domain
Brazillian Defense Minister (MoD), Jaques Wagner visited the DCNS Cherbourg (France) site to meet the nations teams participating in technology transfer for four Scorpene type Conventional submarines, DCNS said in a statement Tuesday. The minister visited the workshops which are part of the submarine program on 11 May 2015 along with Hervé Guillou, Chairman and Chief Executive Officer of DCNS
NASA announced Thursday that its researchers along with the US Air Force Research Laboratory (AFRL) and FlexSys Inc have successfully completed initial flight tests of a new morphing wing technology that can reduce airframe weight. The new technology has a potential to save millions of dollars annually in fuel costs, reduce airframe weight and decrease aircraft noise during takeoffs and landings
Finmeccanica announced Monday that it along with Thales has jointly launched the military telecommunications satellite, SICRAL 2 on April 26 from French Guiana. The satellite was launched with an Arianespace launch vehicle by Thales Alenia Space and Telespazio, the Space Alliance created by Finmeccanica and Thales
MacDonald, Dettwiler and Associates has announced Wednesday that it has won US$24 million contract from the European Space Agency to provide RADARSAT-2 satellite information to Copernicus security and environment monitoring program. The contract includes an initial firm order of US$12 million