Ukraine will manufacture a new assault rifle, WAC-47 based on the M16 as a result of the Memorandum of Cooperation between UOP SE “Ukroboronservis” and the American company, Aeroscraft. The assault rifle is to become the new firearm standard of the Ukrainian forces compatible with NATO standards
The next lot of F-35 aircraft (LRIP 10) reflects a $728M reduction in the total price when compared to Lot 9 and marks the first time the price for an F-35A is below $100M. A Lockheed Martin statement said over the weekend that this lot includes 90 aircraft total - 55 jets for the U
Russia will possibly supply second batch of ten Su-35 fighter jets to China this year and similarly another ten in 2018. Already the first four vehicles were supplied in late last year,
Japan has obtained discounts on support equipment for its next batch of six F-35 stealth fighter aircraft worth about US$100 million each, Reuters reported quoting unnamed sources and Japanese budget papers. The discounts are in addition to savings being finalised for all buyers of the high-tech jets, once touted a the most expensive fighter jet in the world
Indian governments fiscal 2016-17 budget has hiked the defence budget by 5.8% allocating INR86000 Crore (US$12 billion) for capital expenditure which include money for equipment purchase
Lockheed Martin has cut $600 million off from its next lot of 90 F-35 Joint Strike Fighter planes, President Trump said Monday Lockheed Martin cut $600 million off the cost of the F-35 fighter jet program, which was repeatedly criticized by President Donald Trump for cost overruns as well as delays since his election run
North Korea, India and Pakistan launched a total of about 37, some capable of carrying nuclear weapons in 2016 making it one the busiest years for medium-to-long-range missile tests in recent memory. North Korea reportedly carried out about 25 medium to long range missile test launches of which just one was claimed as a success by Pyongyang
Thai government has approved its Navys plan to procure S26T (Thailand) submarines from China, and has allocated THB13.5 billion (USD383 million) to support first of three
US has approved to spend $23 million to provide new components for several hundred MIM-72 surface to air missiles (SAMs) that Taiwan purchased from the Americans in the 1980s. These missiles were used on the 90 Chaparral air-defense missile systems Taiwan purchased
Turkey's state-owned Machines and Chemical Industries Board (MKEK) has delivered first 500 locally produced assault rifle MPT-76 to the Turkish Land Forces Command (TLFC) Wednesday. The rifles delivered on 11 January are the first batch from a 2015 deal which will see the production of around 35,000 MPT-76s for the TLFC, Naval Forces Command, and the Gendarmerie General Command