News

Kuwait Approves $500 Million Advance Payment For 28 Eurofighters

March 2, 2016 @ 09:25 AM

Kuwaiti parliament has approved $500 million (150 million dinars) as advance payment for the purchase of 28 Eurofighter Typhoons. Kuwait signed a MoU in September last year with the consortium in a deal worth up to 8 billion euros ($8
Honeywell No Longer Pursuing UTC

March 2, 2016 @ 08:55 AM

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
General Dynamics Wins $156 Million Maintenance Contract For US Navy Wasp-class Ship

March 2, 2016 @ 07:30 AM

General Dynamics shipbuilding division in San Diego, California has won a $156 million contract to provide maintenance services to US Navys Wasp-class amphibious assault ship. “General Dynamics National Steel and Shipbuilding Co
China's Boeing C-17 Competitor, Y-20 Cargo Plane To Enter Service

March 1, 2016 @ 08:30 AM

China will put its home-grown military cargo jet, Y-20 into service later this year. “The test flight period for the aircraft is generally between three and five years
Procurement Delays May Have Led to Low Defense Budget in India

February 29, 2016 @ 12:49 PM

Non-finalization of big ticket defense projects in the current fiscal and under-utilization of defense acquisition funds during the previous fiscal may have led to a hike of just 4.8 per cent in the defense allocation in the Indian budget for 2016-17
Is Indo-Japanese US-2 Amphibious Aircraft Deal In Limbo?

February 29, 2016 @ 09:52 AM

Japan has no immediate plans for ‘selling or delivering the US-2 amphibious aircraft to India, a senior diplomat was quoted as saying by the Hindu news daily Friday. “There is no decision about its delivery nor did the Foreign Secretaries discuss the timing of the delivery”, Yasuhisa Kawamura, Director General of Press and Public Diplomacy of Japan was quoted by the
Lockheed Martin Delivers 200th Electro-Optical Targeting System For F-35 Fighter Jet

February 26, 2016 @ 12:26 PM

Lockheed Martin has delivered the 200th Electro-Optical Targeting System (EOTS) for the F-35 Lightning II. Lockheed Martin is delivering F-35 EOTS under Low-Rate Initial Production contracts with a total of 367 systems ordered to date
India, Russia Commence Commercial Negotiations For 48 Mi-17V-5 Helicopter Purchase

February 26, 2016 @ 08:50 AM

Rostec State Corporation expects to sign a deal for supplying 48 Mi-17V-5 helicopters to the Indian armed forces, soon. A commercial proposal has been presented to the Indian side earlier this February and after the commercial terms are agreed upon, a firm order is expected to be received this year, the company announced Friday
Boeing Wins F/A-18 Super Hornet Aircraft Support Contract From US Navy

February 25, 2016 @ 08:36 AM

Boeing has been awarded a $10 million contract to provide support to F/A-18A-D, F/A-18E/F, and EA-18G aircraft for the US Navy and the governments of Australia, Canada, Spain, Finland, Switzerland, Kuwait, and Malaysia. “The Boeing Co
No Mention Of Blacklisting And Strategic Partnerships In Indian DAC Meeting

February 24, 2016 @ 11:04 AM

There was no mention of decisions relating to blacklisting of companies and the report on strategic partnerships in the Indian Defense Acquisition Council (DAC) meeting press briefing Tuesday. India has already firmed up the new Defense Procurement Procedure, but it is yet to take up policy changes relating to blacklisting of firms accused of corruption

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