Embraer has accused Boeing of “wrongfully” terminating the Master Transaction Agreement (MTA) to establish a strategic partnership, and said the company failed to cough up $4.2 billion purchase price
Boeing announced today that it has terminated its Master Transaction Agreement (MTA) with Embraer, under which the two companies sought to establish a strategic partnership. Under the MTA, April 24, 2020, was the initial termination date, subject to extension by either party if certain conditions were met
The US Navy accepted the delivery of $4 billion USS Zumwalt destroyer on Friday, three years after the service commissioned the stealthy warship. “The Navy accepted delivery of USS Zumwalt (DDG 1000), the lead ship of the Navy's next-generation of multi-mission surface combatants, on April 24
The Eurofighter Typhoon is set to race past European rival Dassault's Rafale in new orders if the proposed German contract for 93 aircraft comes through. Germanys defense minister Annegret Kramp-Karrenbauer announced earlier this week the country plans to buy 93 Eurofighters and 45 F-18 jets to replace its ageing Tornado fighter-bombers
South Koreas arms procurement agency is reportedly favouring “locally-built, cost-effective” Surion marine attack helicopter over western counterparts under its project to procure 24 gunships. Defense Acquistion Programme Administration (DAPA) concluded a year-long study analysing offers from five bidding companies: Bell Textron (AH-1Z Viper), Boeing (AH-64E Apache Guardian), Turkish Aerospace (T-129 Atak), Lockheed Martin-Sikorsky (S-70i), and Korean Aerospace Industries or KAI (Surion Marine Attack Helicopter)
China announced on Sunday that FTC-2000G trainer/fighter jet has secured its first overseas customer less than two years from the launch of the aircraft. While the buying nation was identified only as a “South East Asian nation” by the jet's manufacturer, Guizhou Aircraft Industry Corporation (GAIC) chief Wang Wenfei, Cambodia could possibly be the mystery customer going by the close military and economic ties the two countries have forged in recent years
The Chinese FTC-2000G fighter-trainer made by Guizhou Aircraft Industry Corporation (GAIC) has secured its first export order barely two years after the jet was launched at the 2018 Zhuhai air show. "It took less than two years from the first flight to the signing of the first export order,” the Secretary and Chairman of the Guifei Party Committee of GAIC, Wang Wenfei said in a media conference with local journalists on April 16 adding “this is an unprecedented speed in the history of the development of military aircraft in the aviation industry
The Pentagon has cleared the export of South Korea's Bigung ("Flying arrow") guided rocket system in the US after it performed well in tests conducted last October. Defense Acquisition Program Administration (DAPA) said on April 7 that the 70-millimeter rocket system hit all 10 targets and met US requirements during the Pentagon's Foreign Comparative Testing (FCT) session held in South Korea last year
The US Navy commissioned the final Block III Virginia-class nuclear-powered attack submarine, USS Delaware (SSN 791) on April 4, 2020. "The Navy commissioned USS Delaware (SSN 791), the 18th Virginia-class attack submarine, April 4
Japan has rejected designs for the indigenous stealth fighter project proposed by the United States and the United Kingdom to favour a home-grown design. "Japan wants to develop a stealth fighter domestically