News

S Korea Plans US$9.6 Billion Naval, Civilian Orders For Shipbuilders

October 31, 2016 @ 11:07 AM

South Korea has planned ordering 250 vessels, including Naval and Civilian, worth about $9.6 billion (11 trillion won) for shipbuilders by 2020
Indonesia To Spend More Than $20 Billion On Defence Procurement

October 31, 2016 @ 09:35 AM

Indonesia will be the fifth fastest-growing defence budget in the world between 2016 and 2025, growing at a compound annual rate of 4.7 percent and spending more than $20 billion on procurement, according to an analysis from IHS Markit
Ecuador To Sell Three Remaining HAL Dhruv Helicopters

October 27, 2016 @ 03:06 PM

Ecuador will sell the three remaining three Dhruv utility helicopters it bought from Indias Hindustan Aeronautics (HAL) it purchased between 2009 and 2012. Ecuador's Defence Minister Ricardo Patino announced the decision on October 20, IHS Jane's Defence Weekly reported
Saab’s Local Production Offer Checkmated Russian Su-35 in Indonesian Fighter Jet Race?...

October 27, 2016 @ 11:47 AM

Next weeks Indo-defence show in Jakarta will open a new fighter aircraft procurement contest, one between Saab Gripen, Eurofighter Typhoon and Rosoboronexport Su-35 for the Indonesian Air Forces F-5 replacement program. From what was considered a done deal in favour of the Russian Su-35, the Indonesian military has opened up the fighter procurement to a three-way contest
IFS Announces Tail Planning Solution for Airline Industry

October 26, 2016 @ 05:48 PM

Enterprise applications company, IFS today announced a new software tool for the civil aviation industry for flight planning and maintenance. Called the IFS Tail Planning, Optimization & Assignment, the tool maximizes aircraft allocation efficiency, supports aircraft planning and optimally schedules maintenance events, a company statement said
Embraer Should Pay $205 Million To Settle Bribery Charges: US SEC

October 25, 2016 @ 03:32 PM

Embraer has to pay $205 Million to resolve alleged violations of Foreign Corrupt Practices Act, according to a global settlement announced today by US Securities and Exchange Commission (SEC). SEC, an agency of US federal government, announced today along with US department of Jstice and Brazilian authorities
Hyundai Heavy Industries To Build Two 2,600 Ton Frigates For Philippine Navy

October 24, 2016 @ 02:54 PM

Hyundai Heavy Industries (HHI) has won a $325.7 million contract to build two 2,600 ton frigates from Philippines national defense
Dassault Rafale, Eurofighter Typhoon Only Competitors In Malaysian MRCA Competition

October 24, 2016 @ 11:40 AM

Malaysia will either order Dassault Rafale or Eurofighter Typhoon fighters for its new multi-role combat aircraft (MRCA) program to replace its Russian Mikoyan MiG-29 fighters. “By the year 2020 we have to make a decision on the [purchase of the] MRCAs
Israel Refuses To Sign US Regulation Of Drone Exports Document

October 24, 2016 @ 10:09 AM

Israel has refused to sign an US document on regulation of drone exports saying the American document could damage Israeli exports. The one-page document covers international legal standards, oversight of exports and transparency in the use and export of armed drones, Haaretz reported Sunday
Australian MoD Signs Supply Chain Agreement With Rheinmetall

October 21, 2016 @ 01:26 PM

Rheinmetall Defence has signed its first Global Supply Chain agreement to provide Australian companies greater access to international supply chains. “The Agreement will provide new commercial and defence opportunities in Rheinmetalls international supply chain, and assist in breaking down barriers that may otherwise deter local firms from doing business in overseas markets

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