India has so far received US$ 5.02 million (INR 32 crore) in Foreign Direct Investment (FDI) in the defense industry sector
L-3 KEO has won a multi-million dollar contract from the Naval Sea Systems Command (NAVSEA) for nine MK 20 Electro-Optical Sensor Systems (EOSSs). L-3 KEO will build and test the systems, as well as perform engineering services activities, over the course of the next two years in US
Russia has opened discussions with France this week on returning its communication systems installed on the Mistral-class helicopter carriers. Moscow and Paris discussed the unavoidable situations related to the return of Russian equipment which was already installed on the ships at the round of consultations held this week in Moscow
The increase in foreign direct investment (FDI) cap from 26 per cent to 49 per cent in Indian defense sector has had no impact on the investment flow and has only managed a miniscule INR 48 lakh (US $0.08 million) in the past year
Lockheed Martin has delivered the 100th interceptor for the Terminal High Altitude Area Defense (THAAD) system. THAAD, a key element of the Ballistic Missile Defense System (BMDS), is considered effective in defending the US military, allied forces, citizen population centers and critical infrastructure from short- and medium-range ballistic missile attacks
Indias nuclear-powered submarine INS Arihant will undergo first underwater missile and deep diving tests this year. “INS Arihant will go for deep sea diving this year and along with a series of tests, we would like to test B-05,” Director-General of Defense Research and Development Organization (DRDO) and Secretary (Research and Development), S Christopher said to Indian media Thursday
The Indian Navy's INS Sindhukirti attack submarine will next month return into service after being upgraded for a nearly a decade. INS Sindhukirti, the Indian Navys seventh Sindhughosh-class diesel-electric attack submarine, is set to enter its final “full-power trials” from this Friday
An inquiry by the Indian Air Force and Ministry of Defense (MoD) may have found no substance in the AgustaWestland bribery allegations prior to handing over the case to the Central Bureau of Investigation (CBI). Former Indian Air Force Chief, Air Chief Marshal SP Tyagi said in an interview to India Today magazine, "Since there were allegations, an inquiry was definitely required
Cubic Global Defense (CGD) announced today that it has been selected as the prime contractor for the Australian Armys Exercise and Advanced Services Standing Offer (EATSSO). Under the new award, Cubic will support the Australian Army with exercise planning, management and evaluation and the delivery of simulated environmental effects, including both live as well as constructive support
Kaman Corporation announced today that its Aero-systems division has resumed production of commercial K-MAX heavy-lift utility helicopters and will roll out its first new helicopter in early 2017. K-MAX aircraft are used for firefighting, logging and other missions requiring repetitive aerial lift capabilities