Loss suffered by Pakistan's economy on account of its fight against terrorism has been estimated at $3.88 billion (Rs407
BMT Defence Services (BMT), a subsidiary of BMT Group Ltd, has won a contract with the Norwegian Defence Materiel Agency (NDMA) to provide consultancy support for the New Norwegian Submarine Acquisition programme. Following an international competition, the contract, which was signed this month, is a framework agreement through which BMT can either conduct stand-alone tasks or provide resources to address any shortfalls in capacity, capability or confidence within the organisations of key project stakeholders
Lockheed Martin has officially withdrawn its Long Range Anti-Ship Missile (LRASM) from the competition to field an over-the-horizon (OTH) cruise missile for US Navys littoral combat ships (LCS) and frigates. Early this month, Boeing also announced its decision to withdraw from the competition citing continuous change in requirements
Israel has stepped up the negotiation talks with Italy for the purchase of new helicopters from the Italian firm Leonardo on a condition of reciprocal defense procurement between the governments. Leonardo is offering to sell its new training helicopters to Israel
South Korea has signed a technology support contract with an Israeli defense firm and has abandoned a plan to build a radar system for its KF-X fighter jet program. The state-run Agency for Defense Development signed the contract with Elta without revealing the exact volume of the contract
Thailands Office of the Auditor-General (OAG) has concluded that the procurement of three Chinese-built submarines was clean and transparent. The Royal Thai Navy and a Chinese submarine supplier signed the procurement contract in China on May 5 which involves the purchase of a 13
Canada has cautioned Thursday of cancelling a planned US$2 billion purchase of 18 Super Hornet fighter jets in the wake of anti-dumping investigations initiated by US Department of Commerce against Bombardier. Foreign Minister Chrystia Freeland issued the threat about Boeing's complaint against Bombardier
Australia today announced a massive A$89 billion (US$66 billion) plan to build ships, patrol boats and submarines that will create jobs and technology within the country. The plan announced by Prime Minister Malcolm Turnbull includes nine frigates, 12 submarines, 12 offshore patrol vessels, along with 19 Pacific patrol boats for neighboring countries, various media reported Tuesday
French aircraft maker, Dassault Aviation has confirmed that it is in talks with Malaysia for the sale of 18 Rafale fighter jets. "Dassault is in talks with Malaysia for their 18 aircraft requirement
Irkut Corporation continues preparations for the flight testing of the first prototype of MC-21 airliner and has announced commencement of its taxiing tests. Within the frame of preparation for the maiden flight, the aircraft systems are being checked, ground starts of major and auxiliary power plants are being practiced, taxiings are being performed at the plants airfield, the press release states