Honeywell announced that it is no longer pursuing a strategic combination with United Technologies (UTC) due to their unwillingness to engage in negotiations. Honeywell was interested in a combination because of compelling value creation for both sets of shareholders and a readily executable transaction due to two largely complementary business portfolios
Egypt has shown interest in procuring radio and electronic equipment from Russia for its Navys mistral class helicopter carrier. Serious progress has been made in talks between Russia and Egypt on the preparation and delivery of radio and electronic equipment for the carriers purchased by Egypt after France refused to deliver the carriers to Moscow, a spokesman from Rostecs United Instrument Manufacturing Corporation was quoted as saying by
The United States on Thursday tested its second intercontinental ballistic missile in a week, as part of its effort to demonstrate the military prowess against its rivals. An unarmed Minuteman III was blasted off overnight from a silo at Vandenberg Air Force Base in California and shot skyward before travelling 4,200 miles in about 30 minutes, landing on target in the ocean near the Kwajalein atoll in the Marshall Islands in the South Pacific
The Finnish Defence Forces has contracted Bittium for developing a new software package (waveform) for the Bittium Tactical Wireless IP Network (TAC WIN) system under a EUR 2.8 million agreement
With a total of 48 submarines on order in export deals by the end of 2015 and other orders that include Australian, Indonesian and Indian submarine contracts coming up this year, submarine sales are expect to grow significantly. The advent of submarine technology now offers underwater endurance lasting several weeks and is equipped with ling-range anti-ship missiles and torpedoes and land-attack missiles
Indonesia is expected to sign a contract to purchase around a dozen Russian Sukhoi Su-35 fighter jets in a month's time. These will replace its ageing Northrop F-5 fighters, and supplement a fleet of 16 Sukhoi Su-27 and Su-30 fighters that form the backbone of its air force, the sources were quoted as saying by
The Royal Thai Army (RTA) received a rocket launching system called DTI-1 guided missile system at a ceremony held by the manufacturer Defense Technology Institute (DTI) on Friday. The RTA chief of staff Phisit Sitthisan was present at the handover ceremony of the system at the Artillery Division in Lop Buri
Indias Hindustan Aeronautics is hoping to export combat version of Advanced Jet Trainer, Hawk aircraft besides using it domestically. A foreign country has shown interest in the combat Hawk, PTI agency reported citing unnamed sources as saying Thursday
North Korea has executed the Chief of its military on corruption and other charges earlier this month. Army General Ri Yong Gil, Chief of Staff of the Korean Peoples Army faced charges of pursuing personal gain and was executed, Yonhap news agency quoted unnamed sources familiar with the DPRK affairs as saying Wednesday
The US plans to build a land based missile defence system in Poland called Aegis Ashore as part of the European Phased Adaptive Approach Phase III. AMEC Programs Inc