BAE Systems and Mahindra & Mahindra announced today that the former will be selling its 26 percent stake in the Defence Land Systems India (DLSI) joint venture established in 2009. Developments in both the industry environment and in customer procurement frameworks and acquisition strategies have led the shareholders to conduct a strategic review of the DLSI business, the statement said
Israeli defense exports saw a 20 percent increase from 2011 with sales reaching $7 billion last year placing Israel between fourth and sixth in the world for weapons sales. Military exports have fluctuated widely in recent years, peaking at around $7 billion in 2009-2010
The Indian Navy on Wednesday took delivery of the first of eight P-8I maritime surveillance aircraft from Boeing. India awarded the $2
ATK announced today that it will begin execution of a $14.3 million contract awarded to develop a solution to meet the U
Boeing today appointed Pratyush ‘Prat’ Kumar as president of Boeing India, effective December 14. He joins Boeing with significant business leadership experience and insight into the Indian market, having served in senior executive positions at GE Transportation since 2003
The successful delivery of the first three upgraded MiG 29 aircraft to the Indian Air Force could open doors for JSC Russian Aircraft Corporation to upgrade similar aircraft in other countries. The company has been facing losses as several nations such as Algeria, Malaysia, and Lebanon are retiring their MiG 29 aircraft in favor of other manufacturers citing reliability and durability problems
Elbit Systems has filed a lawsuit against the Israeli government for revoking export licenses for a long-range aerial photography program for the Turkish Air Force thus resulting in damages worth $74 million. The weapons manufacturer said that along with its subsidiary, Elop Ltd, “was compelled” to file suit following “unsuccessful efforts to reach an appropriate compensatory settlement” with the government
Russian arms manufacturer Rosoboronexport is expecting to win the Indian Air Force’s heavy lift helicopter tender on a higher payload capacity. The competition is down to Rosoboronexport’s Mi-26T2 and Boeing Ch47F Chinook
As countries struggle under the current economic climate, defense budgets have taken a major hit causing many to invest in used fighter aircraft. Over the last few years, developing nations have taken to buying used F-16s from allies to strengthen their air forces without spending billions on buying new aircraft
Japan has unveiled the world’s first explosive-detecting departure gate. On Wednesday, Japanese firm Hitachi announced that airline passengers could be scanned for bombs as they swipe their boarding passes