CybAero will be switching to a new executive venue for its shares by moving to Nasdaq Stockholm from Nasdaq First North in 2016, the company said in a statement on Friday after a recent board meeting in this regard. CybAero has experienced strong growth in recent years and the board considers the move to Nasdaq Stockholm a natural step in the companys development, the company said
India may take the request for proposals (RFP) route to buy a light fighter aircraft to replace its ageing fleet of MiG-21s instead of doing a direct government-to-government or commercial deal with a single vendor. Informed sources told defenseworld
Pentagon plans to build an air vehicle by 2023 that can travel at speeds up to Mach 5 while carrying guidance systems and other materials, Military.com reported Monday
US based 908 Devices today announced it has been awarded a contract for the development of advanced chemical detection devices by the Defense Threat Reduction Agency (DTRA). Under this development program, 908 Devices will integrate Gas Chromatography (GC) with its core HPMS technology creating a compact, lightweight chemical detection device that will provide warfighters with broader and more advanced analysis capabilities downrange
German Defense Minister Ursula Von Der who is on a two day visit to India has offered German submarine technology and other military hardware to Indian counterpart Manohar Parrikar during a meeting on Tuesday. “Partnering of Germany in the Make in India program was discussed
The delivery of the Russian S-300 anti-aircraft missiles to Iran will take place ‘quite soon, Iranian deputy foreign minister Hossein Amir-Abdollahian said on Monday. "The negotiations on the subject have ended in success
China will seek to improve rules of behavior for safety of air and maritime encounters with the United States Armed Forces so as to strengthen mutual trust, prevent risks and manage crises. A white paper of the Peoples Liberation Army released this morning says it will seek a confidence-building measure (CBM) mechanism through the notification of major military activities to the US Navy and other forces
Exelis and Leidos have been selected to continue to evolve advanced technology development for the Defense Advanced Research Projects Agency's (DARPA) Adaptive Radar Countermeasures (ARC) program, Exelis said in a statement Today. The five-year subcontract from Leidos could be worth up to $15
Dassault plans to double production of the Rafale fighter expecting early conclusion of a contract to supply 36 fighters to India. The French government and Dassault have contracts in hand From Egypt and Qatar for 48 fighter planes, but with India the contract negotiations for the supply of 36 aircraft are yet to commence
Lockheed Martin announced Wednesday that has won a $174 million Foreign Military Sales (FMS) contract to produce Army Tactical Missile System (ATACMS) for the United Arab Emirates. Some of the productions are also meant for USA