As orders for defence equipment at home decline, France, Germany and Russia are intensifying their efforts to sell to developing countries. The German government approved export licenses for weapons worth almost €6 billion last year, including a record amount for deals with non-NATO countries, according to Germanys vice-chancellor and economy minister Sigmar Gabriel
Gianni De Gennaro, chairman and other board of directors of Finmeccanica approved guidelines to implement new Group Organizational and Operating model. The new model includes new perimeter operating companies, 100% owned by Finmeccanica, of the Aerospace and Defense core business
Kalashnikovs lack of copyright over the AK-47 assault rifle is so severe that Venezuela is the only country with a fully legitimate license to produce the assault rifle. The counterfeit losses resulting from copyright infringement is so dire that Kalashnikov, manufacturer of the AK-47, is reporting an estimated loss of $50 million from 2013
Honeywell has announced the latest addition to its tactical guidance technology product line with a smaller, higher performing and more efficient Inertial Measurement Unit for missiles, smart munitions and unmanned aerial vehicles. This device improves the measurement for guidance, control, stabilisation and pointing applications, adding even more precision where GPS is not available
As the F-35 fighter continues to grapple with cost overruns and technical issues concerning F-35 fighter jets, the spotlight falls on the Chinese J-20 and J-31 stealth aircraft, which may emerge as a low cost alternative to Americas most expensive military plane. “Pentagon officials continue to compare DODs progress (on the F-35) with that of the Chinese J-20 and J-31 stealth aircraft and their other capabilities”, a US Department of Defense release issued on June 13, 2014 said
NAMMO has won a three year Enabling Agreement by the UK Ministry of Defence for the demilitarization of ammunition. Under the agreement, the MoD will raise tasks for the demilitarization of natures of ammunition considered beyond normal service life
Bofors Dynamics Switzerland Ltd (SBDS), Saabs fully owned company has signed a long-term cooperation agreement with the US-based NonLethal Technologies Inc. (NLT) for marketing and selling the IronFistTMand Cobra40TMless-lethal weapon systems, including the 38-mm and 40-mm munitions
Finmeccanica-AgustaWestland and Beijing Automotive Industrial Corporation (BAIC) have signed a Memorandum of Understanding (MoU) to pave the way to industrial cooperation for the marketing, maintenance and training for helicopters to be used exclusively for public purposes. The contract was signed at the Italy-China Business Forum held in Beijing, in the presence of Italian Prime Minister, Matteo Renzi and Chinese Premier, Li Keqiang
TAI (Turkish Aerospace Industries) and AgustaWestland announce on June 11 that the Turkish Armed Forces have taken delivery of their first “T129 ATAK” Advanced Attack and Tactical Reconnaissance Helicopter on 22nd of April 2014. This delivery, celebrated during an official ceremony on June 10th, is the first of 59 helicopters, 9 in T129A Early Delivery Helicopter (EDH) configuration, and 50 in T129B configuration
A group of hackers supposedly affiliated with the Chinese military has spent years infiltrating the American aerospace industry and US trading partners in the space industry, a US cybersecurity company CrowdStrike said Monday. Officials from CrowdStrike accused the Shanghai-based unit 61486 of the Peoples Liberation Army 12th bureau of attacking American and other western networks in cyber-assaults that date back at least as far as to 2007, according to reports