Lockheed Martin, Textron are major contenders to have offered to buy Sikorsky Aircraft. The Stratford-based helicopter manufacturer could be valued at $8 billion and the decision for the sell-out is likely by the end of this month
Boeing has extended the price deadline for the Indian $2.5 billion contract to procure 22 Boeing Apache attack helicopters and 15 Chinook Heavy-lift helicopters by another three months
Defending the proposed purchase of Chinese submarines, Thai Prime Minister Prayut Chan-o-cha has said that state funds can be better utilized in purchasing the three subs than leaving it open for misappropriation. The Prime Minister's comments yesterday quoted in the Thai media have kicked off a storm in Thailand as it implies loose check over state finances and the possibility of corruption
Thai experts have questioned the utility of buying Chinese submarines on grounds that the countrys Navy is better off with surface ships and the funds could be utilized for a national healthcare project. A procurement committee of the Thai Navy last week voted to buy three Chinese S-20 submarines for 36 billion Bhat (US$1
Fluor Corporation has been selected to be part of the US Air Force Contract Augmentation Program IV (AFCAP IV) for six years. The contract begins from October 1, 2015, the company announced Wednesday
The Maritime Academy Holland has chosen VSTEP simulator for their new Inland Navigation Center in Harlingen to provide simulation training. The VSTEP announced on Tuesday that the deal includes the purchase of a Full Mission Inland Navigation Simulator and three Inland console trainers
Airbus has won an approximate $1.3 billion deal to supply four A330 Multi Role Tanker Transport Aircraft to South Korea by 2019
Eurofighter seems to have grown in confidence regarding a possible sale of the Typhoon fighter aircraft to India. Eurofighter executives have been proactive in engaging Indian officials in recent weeks even as India-France talks are ongoing to wrap up the government-to-government deal for 36 Rafale aircraft
India's Goa Shipyard is in discussion with South Korean defence and marine ancillary units as well as Indian firms for a $5 billion Mine Counter Measure Vessel project. The Ministry of defense allotted the project to Goa Shipyard Limited in early March
The market for Chinese submarines seem to be on the rise even as the overall world demand for subs has witnessed a downward trend. The news today that Thailand has selected a Chinese manufacturer to build submarines beating bids from Russian, Swedish, German and French manufacturers, if true, is an indication of the maturity of the Chinese submarine industry