Indias $10 billion is believed to have hit a roadblock over contentious issues of transfer of technology (ToT) and equity participation even as negotiations for buying additional Rafale jets from French Dassault are underway. The two main contenders for the deal — Lockheed Martin and SAAB — have made it clear to the Defence Ministry that they will not go in for a complete transfer of technology (ToT) with 49 per cent equity participation in the joint ventures that they have inked with their respective Indian partners Tata Advanced Defense Systems and Adani Group,
The United Arab Emirates (UAE) has demonstrated an interest in acquiring Raytheons Joint Standoff Weapon (JSOW) 'glide bomb' for its air force, the company announced ahead of the Dubai Air Show next week. The JSOW C Variant is in various stages of acquisition by several Gulf Cooperation Council (GCC) countries
Swedish Saab and Indian Adani group joint venture is eyeing to produce a portfolio of products that include unmanned aerial vehicles, helicopters apart from supplying fighter jets to the Indian armed forces. Asish Rajvanshi, head of the Adani Groups Defence and Aerospace division, said the joint venture was focusing on developing “foundational capabilities” to produce a wide-range of products in the aerospace sector for the domestic as well as export markets, PTI reports stated Sunday
UAEs NIMR Automotive has announced partnering Malaysian DefTech and Thai to support marketing and sales of its complete range of vehicles in Southeast Asia. NIMR will also work with Thailands FICO Technology and Engineering (FTECH) to explore potential opportunities in the country
Russia will be exhibiting its Su-35 fighter jet at the Dubai Air Show next week signaling progress in its talks to sell some 12-18 jets to the United Arab Emirates (UAE). The Dubai show organizers have confirmed that the Su-35 will participate in the flying displays as well as be present in the static presentation
NIMR Automotive today announced a contract to export its AJBAN Long-range Special Operations Vehicles (LRSOV) to the Armed Forces of Turkmenistan. The Ministry of Defense of Turkmenistan had requested an undisclosed number of AJBAN LRSOVs in bespoke configurations
Germanys Bundeswehr has awarded Rheinmetall a €24.7 million contract to supply new 120mm DM98 practice ammunition for the main battle tanks
Spain, Belgium and Italy have shown interest in a European fighter jet project announced by French President Emmanuel Macron and German Chancellor Angela Merkel in July. Airbus Defence and Space chief executive Dirk Hoke said Friday that France and German should "quickly" move forward with plans for a joint European fighter jet system to replace their current fighter jet fleet which may become obsolete in "about 15 years' time"
Gavin Williamson was appointed as Britain's new defence secretary after his predecessor Michael Fallon resigned over a sexual harassment scandal. Williamson has the difficult task of cutting the United Kingdoms defence expenditure, keeping forces levels at their optimum while at the same time increasing Britains defence exports which have been hit by falling procurement in its traditional market, the Middle East
Boeing has announced its investment in Gamma Alloys, a developer of advanced metal-matrix composites and nanotechnogy based material for use in aerospace, automotive and other industries. "With funding from Boeing, we will explore compelling applications across demanding industries such as aerospace while accelerating our nanoparticle material development and the full-scale industrialization of our manufacturing processes," said Gamma Alloys CEO Mark Sommer