Russia has plans to build nuclear powered and gas turbine versions of Leader class destroyer; a high-ranking source from the Russian Defense Ministry was cited as saying by Tass Today. “The technical design specification prepared by the Navy command has been signed by the Defense Ministry leadership that approved the engineering design for two versions of the destroyer — nuclear-powered and gas turbine
The sky high cost of fighter aircraft acquisition is forcing developing countries to embark on their own programs in the process challenging the price and performance of American and European fighters. Turkey, South Korea, India, China and Pakistan claim to beat out western aircraft on cost
The U.S
Electric Boat, a subsidiary of General Dynamics has won a contract valued at $17.6 billion for the construction of 10 additional Virginia-class submarines
Lockheed Martin today reaffirmed that its F-35 fighters contract with the Italian government stood at 90 aircraft. Defenseworld
Saab has won a contract worth $2.5 billion from the Swedish Defence Materiel Administration (FMV) for Gripen E production
The Brazilian Air Force (FAB) has selected Saab's Gripen-NG aircraft for its new multimission fighters contract worth $4.5 billion
South Korea will purchase 40 Lockheed Martin's F-35A stealth fighters from 2018, with an option to buy 20 more later, the Joint Chiefs of Staff (JCS) was quoted as saying by Yonhap News. JCS Chairman Choi Yun-hee held a meeting of top commanders to approve the plan to buy the 40 F-35 Block 3s, which are capable of conducting air-to-air and air-to-ground missions with internal carriage and external stations for missiles and bombs
Turkey is aiming for $2 billion in defence exports sales and $4 billion in domestic production by 2016. As various national made-in-Turkey programs reach serial production stage after 2016, Turkey will reach for an ambitious defense and aerospace export target of $25 billion in 2023, Latif Aral Alis, chairman of Turkeys Defense and Aerospace Industry Exporters Association was quoted by Defense News
Turkeys plans to procure 200 indigenously built fighter aircraft and another 100 F-35s from the U.S will cost the country dearly