The US Army will discuss construction of a new light tank with mobile protected firepower capabilities next week. The Army will hold an industry day on Tuesday at Fort Benning, Georgia, to discuss requirements for a light-armored vehicle, and how it could perform in the areas of mobility, protection, sustainability, energy use, cyber capabilities and transportability,
Rheinmetalls defence sector posted a high order intake of €1,751 million in the first half of 2016, considerably exceeding the prior-year figure (H1/2015: €1,235 million) with growth of 42 percent. The sectors order backlog reached a new record value of €6,905 million (June 30, 2016)
Russias defence and high technology holding company, Rostec declared 18% increase in consolidated revenues, amounting to 1 trillion and 140 billion rubles in 2015, despite the sanctions regime imposed against the firm. "Against the sanctions pressure, the general decline of the Russian economy and fall of industrial production index by more than 3 %, we managed to increase the revenue of the State Corporation to 1 trillion 140 billion rubles, demonstrating a growth by 18 % compared to 2014", said CEO of Rostec,Sergey Chemezov during the meeting with the President of Russia Vladimir Putin
Raytheon is being awarded a $524 million contract to procure material, fabricate, test and deliver 47 SM-3 Block IB missiles for fiscal 2016. This contract action is an option exercise that was previously announced on Dec
The Russian navy will be receiving 12 warships, eight combatant craft and 23 auxiliary vessels by the end of this year. "The Navy is planned to receive this year 12 warships, eight combatant craft and 23 auxiliary fleet vessels
South Korean delegation has asked the United States to provide technologies related to the development of medium-altitude unmanned aerial vehicle during a meeting in Washington. Both the sides discussed several key foreign and security policy issues, including the transfer of US technologies essential for development of South Korea's own fighter jet KF-X program, according to
Lockheed Martin has been awarded a $67 million contract for the manufacture, and delivery of up to 103 AN/APS-153(V) 1 automatic radar periscope detection and discrimination multi-mode radar kits to upgrade the MH-60R fleet aircraft. Work is expected to be complete by September 2020, US Deprartment of defense said in a statement Friday
BAE Systems has received a $245 million contract from the UK Ministry of Defence (MOD) to provide the gun system, the Maritime Indirect Fires System (MIFS), for the Type 26 Global Combat Ship. Under the contract, the Company will manufacture three MIFS Integrated Gunnery Systems (IGS) and one trainer system for the UK Royal Navy
French aircraft manufacturer, Dassault is hoping that a forthcoming signing of a contract with India to sell 36 Rafale aircraft would boost its revenue for the financial year 2016. Dassault published on July 21, interim results for the first six months of 2016
Indias Comptroller and Auditor General (CAG), in its report tabled in the Parliament Tuesday, has slammed both the Indian Air Force (IAF) and Boeing for various shortcomings in $2.7 billion contract for the C-17 Globemaster transport aircraft