News

Raytheon to Upgrade AMRAAM Software

September 10, 2020 @ 05:38 AM

Raytheon Missile Systems has won a $125 million for Advanced Medium Range Air-to-Air Missile (AMRAAM) system improvement program. This contract provides for delivery of software updates to the AMRAAM inventory
South Korea Begins Assembling KF-X Fighter Jet's First Prototype

September 3, 2020 @ 09:14 AM

Korea Aerospace Industries Co. (KAI) has commenced final assembly of a prototype jet at its assembly line in Sacheon, south of Seoul on Thursday, according to the Defense Acquisition Program Administration (DAPA)
South Korea sets aside $5.4B for KF-X Jet Project in 2021 Budget

September 2, 2020 @ 08:52 AM

In its 2021 budget, the South Korean Ministry of Defense plans to spend $5.4 billion for the development of indigenous KF-X jet
Hypersonic BrahMos Missile to fly by 2028

August 26, 2020 @ 09:11 AM

BrahMos Aerospace has set 2028 as the target year for the hypersonic variant of BrahMos missile to take to the skies. “We plan to develop BrahMos hypersonic missile that can attain speeds of Mach 4
Lockheed Martin Receives $62Billion Order to Manufacture F-16 Jets for Foreign Customers

August 15, 2020 @ 08:04 AM

In perhaps the single biggest order for F-16 jets, Lockheed Martin has been awarded a $62 billion ten-year, fixed price contract from the US Air Force for production of F-16 aircraft for multiple Foreign Military Sale (FMS) customers. The initial delivery order is for 90 aircraft, including both the pre-priced recurring core configuration costs at $2,862,797,674 and the engineering change proposal/undefinitized contract action for the non-recurring costs not-to-exceed $2,078,307,572 obligated at approximately $1,018,370,710
Indian Defence Ministry Proposes Leasing of Military Equipment

August 4, 2020 @ 06:59 AM

India has proposed leasing of military equipment in its revised draft of Defence Acquisition Procedure (DAP) 2020, that may enable the military to possess and operate costly platforms required for a limited period. Leasing was introduced as another category for acquisition in addition to the existing ‘Buy and ‘Make acquisition
Lockheed Wins $34.2M for S.Korean F-16 Life Extension

August 1, 2020 @ 07:43 AM

Lockheed Martin has won a $34.2 million contract for the Service Life Extension Program for the Republic of Korea's F-16 aircraft
Russia Developing Ship to Lift 7 Nuclear Submarines Sunk in Arctic Waters

July 13, 2020 @ 03:46 PM

Russia is working on the design of a ship to lift 7 of its nuclear submarines sunk in Arctic waters which may be completed by 2032, Russian experts say. "The total activity of boats flooded in the Kara and Barents Seas is 1 million CI
Swedish MoD Okays Future Combat Aviation Capability, Artillery Regiment

July 7, 2020 @ 12:24 PM

The Swedish Ministry of Defence has green-lighted the future combat aviation capability- the future generation Gripen besides a new artillery regiment. "By 24 July 2020, the Armed Forces must submit a supplementary budget base for 2021 and adjust its budget base according to the direction specified in the assignment," the MoD said in a release July 7
S.Korea to Acquire Early Warning Aircraft, Spy Planes for $2.045B

June 29, 2020 @ 07:25 AM

South Koreas Defense Acquisition Program Administration (DAPA) has approved a plan to procure additional airborne early warning and control aircraft (AEW&C) and Baekdu spy planes for a combined worth of $2.045 billion

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