Saab has won a $6 million contract from the Swedish Defence Materiel Administration (FMV) regarding design plans for a New Lightweight Torpedo (NLT). The order is part of the Letter of Intent regarding the Swedish armed forces underwater capability which was announced on June 9, 2014
Krauss-Maffei Wegmann and Nexter Systems agreed to merge services to rationalize Europe's fractured armored-vehicle sector. German Wegmann and French state holding GIAT Industries, intend to meld the stock of their respective units into a new holding company
Boeing offered KC-46, tanker, to the Republic of Korea (ROK) ahead of Korea acquiring four aircraft for its first tanker squadron. Eric John, president of Boeing Korea said, “With the KC-46, Korea will acquire a force-multiplier and the ability to operate seamlessly with the U
Defense and security company Saab acquired ThyssenKrupp Marine Systems AB (TKMS AB, formerly Kockums) at SEK 340 million (around €37 million). In April 2014, Saab and ThyssenKrupp Industrial Solutions AG signed a non-binding MoU regarding the acquisition of the Swedish shipyard TKMS AB with operations based in Karlskrona, Malmö and Muskö, Sweden
Sikorsky won a $1.28 billion contract to develop a combat rescue helicopter for the U
Japan has adopted a new strategy which calls for collaboration with other nations in procurement of weaponry and improved capability to monitor and defend the nations outlying regions, according to Asahi Shimbum website. The previous basic policy, set in 1970, stipulated the Self-Defense Forces to use arms developed by Japanese companies to boost domestic defense contractors
In response to Edward Snowden's revelations, terrorist organization Al-Qaeda has adopted “stronger encryption techniques to bypass the standard cryptographic protections in its various communications”. The U
Dassault is preparing to recieve a contract for 72 Rafale jets from Qatar marking its first export order. According to a French government official, a contract would probably come in two batches of 36 aircraft
The United States is reportedly facing a shortage of cybersecurity professionals — particularly for positions within the federal government because it does not offer salaries as high as the private sector. According to a study published by the RAND organization, the demand for cybersecurity professionals began to overtake supply in 2007, largely due to increased reports of large-scale hacking, including the leakage of credit card data, attacks on Internet connectivity, and the discovery of "advanced persistence threats" — teams of hackers who go after intellectual property by establishing a persistent presence in the networks of U
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