India has so far received US$ 5.02 million (INR 32 crore) in Foreign Direct Investment (FDI) in the defense industry sector
General Dynamics has won a $20 million contract from the US Navy to continue modernizing the AN/BYG-1 Weapons Control System (WCS) Technology Insertion and Advanced Processing Build software for US as well as Australian submarines. The AN/BYG-1 software analyses and tracks submarine and surface-ship contact information, providing tactical, situational awareness for submarine crews including the capability to target and employ torpedoes and missiles
Jordan has received close to 16 retired US supplied Cobra combat helicopters free of charge from Israel to counter insurgents on the Syrian and Iraqi borders. “The handover initiated last year was approved by Washington, which provided mechanical overhauls for the aircraft before they were incorporated free of charge in Jordans existing Cobra fleet,” Reuters quoted an US official as saying Thursday
The US has imposed unilateral economic sanctions on a Singaporean shipping company accusing them of supporting North Korean company to import concealed arms shipment and related materials. Senat Shipping Company has been sanctioned for alleged support to North Korean Ocean Maritime Management Company which is already facing sanctions for attempting to import weaponry to the communist nation
Lockheed Martin has won a $154 million contract from US Navy to upgrade the fleet's electronic warfare defences against evolving anti-ship missile threats. Under this low-rate initial production contract for block 2 of the Navy's Surface Electronic Warfare Improvement Program (SEWIP), Lockheed Martin will provide additional systems to upgrade the AN/SLQ-32 systems on US aircraft carriers, cruisers, destroyers and other warships with key capabilities to determine if the electronic sensors of potential foes are tracking the ship
Even after increasing production of the Rafale Fighter from the present 11 a year to three a month, Dassault may find it difficult to commit early deliveries to India. While negotiations for the purchase of 36 Rafale aircraft have commenced between the French and the Indian governments, Dassault is facing the challenge to scale up production within a relatively short time to fulfil its existing contracts with Egypt, Qatar and the French Air Force (FAF)
Chinese Peoples Liberation Army navy debuted its "new-type" Zubr-class hovercraft in a recent drill. The Ukraine-made hovercraft was set out for a landing exercise in mid-July by a squadron under the PLA navys South Sea fleet
General Dynamics UK has won a £390 million contract from the UK Ministry of Defence (MoD) to provide in-service support for the SCOUT Specialist Vehicle (SV) fleet until 2024. The contract is an extension of the in-service support that General Dynamics UK was contracted to provide for the SCOUT SV fleet until 2020
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
Lockheed Martin has integrated and flight tested seven Open Mission Systems (OMS) payloads in a span of less than three months into a U-2 Dragon Lady high-altitude reconnaissance aircraft. The company announced Wednesday that it marks its sixth demonstration flight in support of the US Air Force's OMS vision