Damen Shipyards Group and Concordia Group have signed a joint venture agreement for the construction and trade of inland waterway vessels. The joint venture will operate under the name Concordia Damen Shipbuilding
The UK Royal Navy has taken delivery of its 14th F-35B lightning II fighter aircraft set to operate from HMS Queen Elizabeth and HMS Prince of Wales. Operated jointly by the Royal Navy and Royal Air Force, the F-35 Lightning jets will be able to operate on land or embarked on the UKs new aircraft carriers, the Navy said in a statement Monday
Lockheed Martin plans to reduce per unit cost of F-35 fighter jet to $80 million by 2020. With the incorporation of lessons learned, process efficiencies, production automation, facility and tooling upgrades, supply chain initiatives and more – the F-35 enterprise has already significantly reduced costs and improved efficiency, the company said in a statement Monday
BAE Systems has won $46.7 million modification contract to provide four upgraded and overhauled Mk 45 mod 4 five-inch/62 caliber gun mounts to US Navy
Huntington Ingalls has won $63 million modification contract for the execution of USS Fitzgerald (DDG 62) emergent repair and restoration. This effort shall provide for the initial collision ripout phase of an availability which will include a combination of maintenance, modernization, and collision repair of USS Fitzgerald (DDG 62), the US department of defense said in a statement last Friday
Boeing is being awarded $10.3 million contract for the procurement of Harpoon/SLAM-ER missile system and Harpoon launch systems follow-on integrated logistics and engineering services support for the United States Navy and various foreign military sales (FMS) customers
Thales has bought European SIM manufacturer Gemalto bettering 46-euro share bid by another French firm Atos. The aerospace giant paid 51 euros ($60) a share for Gemalto, a premium of 57 percent over the closing price on December 8, Thales said in a statement Sunday
Lockheed Martin is being awarded a nearly $136 million contract for new construction DDG AEGIS weapon system J7 baseline development and integration in support of the Japan Maritime Self Defense Force. This contract involves foreign military sales to Japan and work will be performed at various locations in the United States and Japan and is expected to be completed by December 2018, a US DoD release said
China unveils new unmanned surface vehicle (USV), ‘Tianxing-1 at the fifth China Marine Economy Expo in Zhanjiang, Guangdong Province. Jointly researched and developed by Harbin Engineering University and Shenzhen HiSiBi Boats Company, the production of the USV was completed in September this year,
Myanmar has commissioned 10 military aircraft during a ceremony commemorating the 70 anniversary of the nations Air Force. A total of 10 airplanes — six Yak-130s, two Fokker-70s and two ATR 42-320s — were put into operation at the morning ceremony, held at the Air Training School in Meiktila Station in Mandalay Region,