Pakistani stocks hit a two –week low Wednesday amid reports of heightened tension between Islamabad and New Delhi over Kashmir issue even as the country continues to rehearse its fighter jets by closing down its airports. Rising regional political tension between India and Pakistan took a toll on the stock market as the benchmark -100 indexes plunged 1
Indias cabinet last night okayed the Dassault Rafale fighter jet contract signing which the French Defence Minister Le Drian is expected to witness together with his Indian counterpart, Manohar Parrikar on Friday. The Euro 7
On September 2, the MA60 successfully completed a VIP service for UN Secretary-General Ban Ki-moon in Sri Lanka. To be extra safe, the Fast Response Center of AVIC XACs Civil Aircraft Service Department opened the APP application to ensure 24-hours communications for the service team, AVIC said in a statement
The might of France including Caesar Artillery guns and French army technical advisors will aid Iraqi Forces in their fight to retake the town of Mosul from the Islamic State terrorists, French President Hollande said Tuesday. "The artillery batteries have been positioned north of Mosul and are ready for use to reconquer Mosul," Hollande was quoted as saying by
Safran Helicopter Engines has signed a Memorandum of Understanding (MoU) with Urban Aeronautics to address power system solutions to support the development of an entirely new platform family of internal rotor aircraft. The Cormorant (formerly AirMule) UAV demonstrator is already flying powered by an Arriel 1D driving two ducted-fans, the company said in a statement Wednesday
Even as Prime Minister Nawaz Sharief is trying to drum up support for alleged rights violations in Kashmir at the United Nations General Assembly in New York, a US lawmaker has moved a bill to have the US administration declare Pakistan as a ‘state sponsor of terrorism. Congressman Ted Poe, the Chairman of the House Subcommittee on Terrorism, along with Congressman Dana Rohrabacher, introduced H
China is making inroads into the African defense market by setting up a military base and exporting military equipment to almost two thirds of African countries. Countries including Algeria, Angola, Cape Verde, Nigeria, Chad, Djibouti, Equatorial Guinea, Gabon, Uganda, Ghana and Zambia have bought military equipment from China in the recent past
Pakistani warplanes are said to have commenced a take-off-and-landing rehearsal in the northern region of the country this morning ‘amidst threats from India. The Express Tribune newspaper reported today that Pakistan International Airlines had cancelled flights from Islamabad to Skardu, Gilgit, Chitral and Peshawar this morning for an unspecified period to facilitate the rehearsal by the Pakistan Air Force
A Greek AH-64 Apache Helicopter crash landed into the sea near the northern coast during a training exercise. The two crew members were recused after the Apache helicopter splashed down Tuesday close to the shoreline east of the northern city of Thessaloniki,
Cobham has received orders worth tens of millions of dollars for radio frequency microelectronics for F-35 fighter jet program. "Our portfolio of microelectronic components and assemblies enable electronic warfare and radar system sensitivity, helping pilots achieve mission success by maintaining situational awareness and staying safe," said Jill Kale, president of Cobham Advanced Electronic Solutions Tuesday