News

Indian Navy Encashes Reliance Bank Guarantees in Offshore Patrol Vessel Deal

December 4, 2018 @ 01:50 PM

The Indian Navy has encashed bank guarantees of Reliance Naval Engineering (RNEL) following delay in supplying Project 21 Offshore Patrol Vessels (OPVs) by over four years. RNEL has an order to supply five offshore patrol vessels (OPVs)
Taiwan May Prefer F-16V over F-35 for New Fighter Purchase

November 29, 2018 @ 01:48 PM

Taiwan is likely to consider buying 66 F-16V fighters instead of F-35 jets to replace its ageing F-5 fleet. The fleet of F-5 fighter jets at Zhi-Hang Air Base in Taitung County will be retired and replaced by 66 F-16V jets to strengthen the regions defense against Chinese warships and other threats, United Daily News (UDN) reported Wednesday
Russia Sets up Non-US Dollar Payment System for Turkey's S-400 Purchase

November 29, 2018 @ 11:30 AM

Russia and Turkey are working to create an interbank payment system independent of SWIFT for the S-400 anti-air missile system deal between the two countries. Russian President Vladimir Putin said in an economic conference Wednesday that Russia would use the new interbank payment system and not the dollar because US administration used it as a pressure tool
Saudi Arabia, US Sign $15B Agreement for 44 THAAD Missile Systems

November 29, 2018 @ 09:53 AM

Saudi Arabia has signed a letter of offer and acceptance with the United States for the procurement of 44 Terminal High Altitude Area Defense (THAAD) missile systems for an approximate $15 billion. Saudi officials alongside their US counterparts signed the government-to-government agreement earlier this week,
Russian Investigators Find Legal Violations in Defense Procurement by Roscosmos

November 28, 2018 @ 03:22 PM

The Russian Prosecutors have detected 1,700 systemic legal violations in the work of State Space Corporation, Roscosmos during the period between 2017 and first half of 2018. "Documents on the activities conducted by the previous management of Roscosmos had been reviewed
Oshkosh Wins $1.7B to Supply 6107 Additional Vehicles to US Army

November 28, 2018 @ 12:37 AM

Oshkosh Defense was awarded a $1.7 billion modification contract to exercise available options for 6,107 Joint Light Tactical Vehicles and 22,166 kits
France, Germany to Sign Future Combat Air System Contract in Early 2019

November 23, 2018 @ 08:22 AM

The French and German defense ministers who met on Monday has agreed to sign the contract to jointly develop future-oriented capabilities-such as future combat air system (FCAS) and future combat ground system (MGCS) in early 2019. Following Chancellor Angela Merkel and President Emmanuel Macron's joint statement in the summer of 2017, expressing the political will to strengthen European defence by jointly developing FCAS and MGCS approved at the Berlin Airshow in April 2018, the defense ministers of both the nations noted that there has been significant progress of the work carried out so far, according to the joint statement issued on
Australian Defense Forces Selects General Atomics MQ-9 Predator Drones

November 18, 2018 @ 02:42 PM

The Australian Government has selected General Atomics (GA-ASI) Reaper UAVs to provide the Armed Remotely Piloted Aircraft System under Project Air 7003 for the Australian Defense Forces (ADF). “We look forward to providing our world-leading RPAS to meet the Air 7003 requirements,” said Linden Blue, CEO of GA-ASI
Japan postpones V-22 Osprey Delivery Amidst Safety Concerns

November 17, 2018 @ 01:15 PM

Unable to win local support for deployment of V-22 Ospreys to Saga airport in southwestern Japan, the Japanese government is delaying delivery of the trouble-prone aircraft. Japanese Defense Minister Takeshi Iwaya said Friday the government is postponing delivery of the first batch of US-made Osprey tilt-rotor transport aircraft, initially planned for this fall, to a yet-to-be confirmed later date
Lockheed Martin to Begin Detail Design of Multi-Mission Ships for Saudi Arabia

November 17, 2018 @ 10:11 AM

Lockheed Martin has been awarded a $282,085,646 contract modification for long-lead-time material and detail design in support of the construction of four Multi-Mission Surface Combatant ships (MMSC) for Saudi Arabia. This contract involves foreign military sales to the Kingdom of Saudi Arabia

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