Canada's Lockheed Martin has future plans of selling naval combat system to South America and Europe, designed as part of the modernization program for the nation's frigates. Work is underway on the first export sale of the combat management system to the Royal New Zealand Navy
Russia and Argentina are looking at a deal under which Moscow would lease 12 Sukhoi Su-24 Fencer aircraft to Buenos Aires in return for beef and wheat, according to the London based paper Sunday Express. As a result, the British Defence Ministry has reportedly launched a review of the air defenses of the Falkland Islands, a UK overseas territory Argentina lays claim to
Iran displayed Its naval offensive capability firing home-made cruise missiles, torpedoes and other weapons on the last day of its tri-services exercise which concluded on December 30. Iranian Navy vessels fired the Nour and Nasr cruise missiles on the sixth day of the massive Mohammad Rasoulallah (PBUH) drills on Tuesday, domestic news agency, FARS news reported
India to legalize middlemen in arms purchases for avoiding hurdles with many foreign manufacturers, who find it difficult to negotiate the Indian environment and the language. The government has taken the step to boost defence procurement as the country needs critical technology and equipment systems
Indias Defence Research and Development Organisation (DRDO) has invited private companies to partner with the government to develop and manufacture its first unmanned combat aerial vehicle (UCAV), similar to the US Predator drone. The UCAV project, called Rustom-2 project was brought under the “Strategy India” category with funding by the government because the private companies had been lukewarm about building prototypes at their own expenses
Iran and Iraq on Tuesday signed an MoU to broaden defense cooperation to fight ISIL militants. According to the MoU signed by Iranian Defense Minister Brigadier General Hossein Dehqan and his visiting Iraqi counterpart Khalid al-Obeidi in Tehran, Iran will continues training of Iraqi units
Rosneft, Rostec Corporation and Finmeccanica have signed an agreement for the joint production of the medium helicopter AW189 in Russia. The JV will be based on the HeliVert plant situated in the Moscow Region and Rosneft will become a new partner of the Russian-Italian JV
Arms buys by Saudi Arabia and the UAE may experience a slowdown in 2015 due to falling oil revenues and a completion of major procurement programmes for the current decade. Oil rich Saudi Arabia which is experiencing a reverse ‘oil shock as it finds it cannot control global oil prices any longer presented a deficit budget for the first time since 2009
Lockheed Martin has won a modification contract worth $67.8 million from the US Air Force for providing services on the F-22 aircraft
Russia's next-generation Armata main battle tank will undergo state testing in 2016, Oleg Bochkaryov, Deputy Chairman of the Russian Military-Industrial Commission said on Monday. Bochkaryov specified that after taking part in the May 9, 2015 Victory Day military parade, commemorating 70 years since the defeat of the Nazi Germany, several dozens of Armata machines will be tested in the army