China has seen an increase of over 70 percent in its defense exports from 2012 to 2016 when compared to 2007-2011 overtaking Germany, France and the UK during the time. According to Chinese PLA Army run media publication, Chinamil, Barter trade and flexible payment terms have helped China to become the third largest weapon supplier in the world
The order-book of Russian arms exports stands at US$45 billion with $15 billion new orders singed at the end of 2017 which was double that of the previous year. Russian President Vladimir Putin was quoted as saying by TASS at a meeting of the commission on military-technical cooperation: "The export of military hardware has grown for a third year in a row to more than $15 billion
China's defense budget in 2018 will be 1.1069 trillion yuan ($174
Airbus Helicopters and Fly Blade, Inc. (Blade), a digitally-powered aviation firm, have signed a strategic partnership to develop new premium on-demand helicopter flight experiences, paving the way for enhanced urban air mobility solutions to benefit the future of vertical flight
The US Air Force has awarded a $77 million worth contract to Raytheon for GBU-53/B Small Diameter Bomb II, an air-launched, precision-guided glide bomb, the Department of defense announced Tuesday. “Raytheon Missile Systems, Tucson, Arizona, has been awarded a $77,392,758 firm-fixed-price contract to exercise an option to previously awarded contract FA8672-10-C-0002 for Small Diameter Bomb (SBD) II,” the statement says
Russia's new state arms procurement program for 2018-2028 has been signed by President Vladimir Putin, which includes robotics, intelligence systems, UAVs and precision ammunition, among other things. Russian Deputy Prime Minister Dmitri Rogozin said in an interview with the Kommersant newspaper that the new program had been prepared based on the experience of use of weapons and military equipment in combat conditions in Syria
The US Army has awarded a contract worth $11.8 million to AM General for 60 M1167 High Mobility Multipurpose Wheeled Vehicles or HMMWV, the Department of defense announced Friday
Saab has received an additional order from the Swedish Defence Material Administration (FMV) regarding Trackfire Remote Weapon Station (RWS) for the Royal Swedish Navy. Trackfire RWS will be installed on the new Combat Boat 90 (Strb90 HSM) used by the navys amphibian forces
Commercial Aircraft Corporation of China (COMAC) signed a purchase agreement with a domestic leasing company China Huarong Financial Leasing Co., for the purchase of 30 C919 large passenger aircraft, taking total orders to 815
Saab rolled out the first GlobalEye Airborne Early Warning & Control (AEW&C) aircraft to the public at its Linköping site, Sweden on February 23. GlobalEye is an advanced, swing role airborne surveillance system based on a Global 6000 jet aircraft from Bombardier, which has undergone a thorough modification programme to adapt it for its role