Iranian involvement in the two incidents of sabotage of oil tankers in the Gulf of Oman yesterday is doubtful as harming the vessels does not tally with its self-interest, a London-based maritime risk agency, Dryad Global has said. In a report detailing assessment of the indent released to the media, Dryad Global has said, “It would also be remarkable that Iran would knowingly targets vessels reported to be carrying ‘Japan-related cargo at the same time that the Japanese Prime Minister Abe is conducting talks in Iran
Unmanned Systems maker AeroVironment has acquired Pulse Aerospace, LLC, a developer and supplier of small VTOL UAS, for $25.7 million in cash, including milestone-based earn-out payments of $5 million
The Pentagon emitted more greenhouse gases than “entirely industrialised” countries like Sweden or Denmark in 2017, making it the “single largest producer of greenhouse gases in the world,” according to a new
The proposed joint venture (JV) between Rheinmetall and BAE Systems to manufacture military vehicles has been approved by the UK Competition and Markets Authority (CMA). The JV will be known as Rheinmetall BAE Systems Land (RBSL)
Sikorsky, a subsidiary of Lockheed Martin, has won a $542 million contract to build six VH-92A Presidential Helicopters to mark the start of low-rate initial production. The VH-92 is a military variant of the Sikorsky S-92 twin-engine, medium-lift utility helicopter
Podolsky District Court of Kiev has issued an arrest warrant against five Russian An-124-100 Ruslan transport aircraft operated by Russias Volga-Dnepr Airlines for alleged unauthorised maintenance checks.
United Technologies Corp (UTC) and Raytheon announced a merger on Sunday, which they plan to name as “Raytheon Technologies." The combined company is forcasted to have approximately $74 billion of annual sales this year, putting it behind Boeing as the second-largest aerospace and defense company in the US by revenue
Russian Novikombank will finance two key United Engine Corporation (UEC) projects; the PD-14 and VK-2500 aircraft engines and a number of civilian rotorcraft of Russian Helicopters such as the Ansat and Ka-226. Agreements to this effect were entered into at the St
Mitsubishi Heavy is in talks to buy Bombardier's commercial regional jet business, a move that could provide it with technology and processes to complete the development of Japan's first domestically produced passenger jet. "It is true that we are in discussions relating to a possible transaction involving Bombardier's regional jet program," Mitsubishi Heavy Industries said in a statement
The United States is Turkey's biggest defence equipment importer with export figures souring to $353 million during the first five months of 2019, according to data from the Turkish Exporters Assembly (TİM). Ankara's aviation and defense industry export revenue stood at $1 billion, up by 37 percent from last year's $784 million during the same period, reported Anadolu Agency citing TİM data