South Koreas Defense Acquisition Program Administration (DAPA) has said it will fund projects that aim to replace foreign-made components of major weapons, with indigenous ones. On Thursday, the arms procurement agency designated 11 ongoing military hardware development projects including its Light Armed Helicopter (LAH) project, and KF-X project to build a next-generation indigenous fighter
The German procurement agency, BAAINBw has awarded General Dynamics European Land Systems (GDELS) $159 million for the delivery of 80 highly protected EAGLE 6x6 vehicles for the German Armys ambulance corps. The EAGLE 6x6 Light Tactical Vehicle (LTV) was selected in a competitive tender process under the medium protected ambulance vehicle program, which will close the gap between the user´s light and heavy ambulance vehicle fleet
Russian space agency Roscosmos has offered to cut prices of its satellite and space launch services by 30% to compete with SpaceX, the US-based private launching company that is offering satellite launches with reusable launchers. The plan to slash costs was revealed by Dmitry Rogozin, head of Roscosmos, on Friday
Leonardo announced today the acquisition of Switzerland- based Kopter Group AG, the manufacturer of SH09, a new single engine helicopter. The purchase price, on a cash and debt free basis, consists of a $185 million fixed component plus an earn-out mechanism linked to certain milestones starting from 2022
Saab today announced a reduction in working hours for 500 employees by 40% in view of reduced demand for aerostructures due to the COVID-19 Pandemic. "Saab has today made the decision to introduce reduced working hours for 500 employees at the business unit Aerostructures within the business area Industrial Product and Services (IPS)
Russia's state-run weapons exporter Rosoboronexport has its trademark registered in 45 countries across the world, a move that will help in branding, curb unfair competition and securing business. “Rosoboronexport JSC has received a certificate of international registration of the ROSOBORONEXPORT trademark in 45 countries across the world within the framework of the Madrid System,” the company announced Tuesday
The US Navy commissioned the final Block III Virginia-class nuclear-powered attack submarine, USS Delaware (SSN 791) on April 4, 2020. "The Navy commissioned USS Delaware (SSN 791), the 18th Virginia-class attack submarine, April 4
Test firing of the Russian R-37M hypersonic air-to-air missile (also known as RVV-BD) from the Su-35 fighter jets are planned for end-2020 while flight tests to confirm compatibility with the Su-35 have already commenced. The R-37M is intended to be the main long-range air-to-air weapon for current and future Su and MiG type Russian fighter jets well into the next decade
Lockheed Martin has been awarded a $512,004,418 firm-fixed-price contract for F-16 Block 70 production for the Republic of Bulgaria. This contract value includes $4,185,516 of pre-priced options
Israels planned 650-acre “Airpark” to house 500 commercial aircraft will be ready in few months from now. It will be jointly owned by Israel Aerospace Industries (IAI) and IES Holdings, who recently a memorandum of understanding to begin work on the desert park