Boeing and Embraer today announced they have signed a MoU to set up a joint venture comprising the commercial aircraft business of Embraer that would strategically align with Boeings commercial development, production, marketing and lifecycle services operations. Under the terms of the agreement, Boeing will hold an 80 percent ownership stake in the joint venture and Embraer will own the remaining 20 percent stake
The members of the European Parliament have approved a proposal to establish a European defence industrial development programme, under which €500 million would be allocated from the EU budget for 2019-2020 to co-finance the joint development of new defence technologies and equipment. The EU will be able to spend money on defence for the first time ever
Boeing AH-64 Apache helicopters and Turkish TAI T-129 ATAK helicopters are in fray for Moroccan helicopter program. Morocco reportedly is in negotiations with American Boeing for the purchase of Apache AH-64 helicopters for its Armed Forces
Boeing has won a $80.7 million worth contract to supply four new build MH-47G rotary wing aircraft to the US Army Special Operations Aviation Command (USASOC), the Department of defense announced Thursday
The US Army Futures Command has issued a draft request for proposal (RFP) for the purpose of the Future Attack Reconnaissance Aircraft Competitive Prototype (FARA CP). According to the draft document released on 22 June this year, the US Army currently lacks the ability to conduct armed reconnaissance, light attack, and security with improved stand-off and lethal and non-lethal capabilities with a platform sized to hide in RADAR clutter and for the urban canyons of mega cities
Airbus has warned the UK administration that it could be force to pull out of the UK if Britain leaves the European Union without a deal. Britain withdrawing from the European Union without a deal ‘would lead to sever disruption and interruption of UK production, Airbus said in the Brexit risk assessment
L3 Technologies and Optics 1 will compete for each order of the $236 million contract for the Small Tactical Optical Rifle Mounted Micro-Laser Range Finder. Bids were solicited via the Internet with two received
The US Marine Corps has awarded BAE Systems a $198 million contract to deliver an initial 30 Amphibious Combat Vehicles (ACV), with options for a total of 204 vehicles which could be worth up to $1.2 billion
Saab and Damen Naval Shipbuilding are partnering to compete for the Brazilian Navys corvettes contract. The partnership will supply four Tamandaré Class Corvettes (CCT) for the Brazilian Navy contest
AASKI Technology, Accenture Federal Services, BAE Systems Technology, Booz Allen Hamilton, Deloitte Consulting, Peraton (formerly Harris Corp.), International Business Machines, KeyW, LEIDOS, Linquest, NES Associates, Northrop Grumman, Parsons Government Services and Vencore, were each awarded an contract for systems engineering, technology, and innovation