Russias defence and high technology holding company, Rostec declared 18% increase in consolidated revenues, amounting to 1 trillion and 140 billion rubles in 2015, despite the sanctions regime imposed against the firm. "Against the sanctions pressure, the general decline of the Russian economy and fall of industrial production index by more than 3 %, we managed to increase the revenue of the State Corporation to 1 trillion 140 billion rubles, demonstrating a growth by 18 % compared to 2014", said CEO of Rostec,Sergey Chemezov during the meeting with the President of Russia Vladimir Putin
The Australian Department of Defence has selected BAE Systems Australia and Rheinmetall to participate in the next stage of evaluation for LAND 400 Phase 2, Armys Mounted Combat Reconnaissance capability. Deputy Secretary Capability Acquisition and Sustainment Group (CASG), Kim Gillis, said both BAE Systems and Rheinmetall have been assessed as offering competitive solutions with designs based on capabilities already in service with other nations, the Australian DoD said in a statement Thursday
Zen Technologies has been selected by Egypt to provide range of training equipment including smart target systems for its military. The order worth about Rs 30 crore (US $4
The Indian Air Force is considering a penalty clause for defense firms in case there is a qualitative and quantitative discrepancy in supplies of goods and services. "We are very strongly considering a green-channel procedure for dealing with established vendors and are considering very seriously with the government for doing away with any kind of inspection in between, it will only be self-certification and there would be a penalty clause in case there is a qualitative or quantitative discrepancy in the supplies," Air Vice Marshal M Baladitya told reporters during an event, '10th public procurement summit on enhancing transparency, efficiency...
The US Navy conducted live fire over the horizon missile test from Littoral Combat Ship, USS Coronado using a Harpoon Block IC missile earlier this month. The test firing took place July 19 during the Rim of the Pacific, or RIMPAC, exercise, the US Navy said in a statement Monday
Lockheed Martin and Korea Aerospace Industries have completed the initial test flight of its second T-50A configured aircraft in Sacheon, South Korea. The T-50A is the companys aircraft offering in the US Air Forces Advanced Pilot Training (APT) competition, the company said in a statement Tuesday
Amidst reports that Lockheed Martins F-35 stands at an advantage in Canadas fighter aircraft competition, the Canadian MoD has issued a document stating “all procurement options are being considered,” Defence Minister Harjit Sajjan was quoted as saying by the Globe and Mail earlier this month. Canada has issued a request for information to Boeing, Lockheed-Martin, Saab, Dassault and Eurofighter earlier this month seeking information by the end of July in order to design an acquisition process to replace the Canadian Air Forces CF-18 fighters
Orbital ATK has been awarded a $182 million contract for the Medium Range Ballistic Missile Type 3 Configuration 2 target system including production equipment, logistics, associated support equipment, system engineering and analysis, and mission operations. Work is expected to be completed by Oct
Battelle has been awarded a contract worth $170 million to build Non Standard Commercial Vehicles (NSCVs) from US Special Operations Command (SOCOM) The SOCOM announced the award July 14, naming Battelle as the contract winner in a competitive procurement, the company said in a statement Tuesday. Under terms of the contract, Battelle will build armored and unarmored vehicles for the next five years at its manufacturing facility in West Columbus
Ukrainian Antonov will rely on Canadian Pratt and Whitney PW150A for turboprop engines and British Dowty propellers R-408 for its first demonstrator aircraft An-132, it plans to fly by yearend. “AN-132D is the first global project of “Antonov” with the worlds leading aviation companies