Russia has reached a compensation deal with France for the non-delivery of two Mistral warships after eight months of negotiation. "The negotiations are completely finished, everything has already been decided, both the time-frame and the amount," President Vladimir Putin's adviser for military and technical cooperation, Vladimir Kozhin was quoted as saying by various media today
Brazil and Sweden have agreed on reducing the commercial interest rate on the purchase of 36 Gripen NG fighter jets for the Brazilian Air Force. Brazil is now looking at refinancing its procurement of the Saab Gripen fighters after reduction of interest rate from 2
The US state department has cleared sale of 600 Patriot Advanced Capability-3 (PAC-3) for $5.4 billion to Saudi Arabia
Pakistan has signed a multi-billion dollar deal with China to buy eight submarines for its navy. “Pakistan and China have reached an understanding on matters of defense cooperation relating to Pakistan Navy,” the Pakistan finance ministry was quoted as saying by The Express Tribune today
The US has approved a $245 million worth possible sale of 1,000 tube-launched TOW anti-tank and 500 TOW bunker buster missiles to Lebanon. TOW missile is a multi-use battlefield weapon effective against tanks and vehicles, ground forces and helicopters
An unknown number of employees of Russias naval shipbuilder, the United Shipbuilding Corporation (USC) have been arrested by Federal Security Service (FSS) on corruption charges. A USC statement said yesterday “the United Shipbuilding Corporation continued systematic implementation of a program to combat corruption
The Indian Air Force plans to procure additional 48 Mi-17 military transport helicopters from Russia for $1.1 billion
The US Defense Security Cooperation Agency (DSCA) has approved South Korean 134 KF-16 fighter jet upgrade program for an estimated $2.5 billion (2
The Russian government has chosen Pipavav shipyard as their partner for Indias more than $3 billion warship building project. After an evaluation of several Indian shipyards, Russian government has formally informed the Indian defense ministry that it has selected Pipavav as its Indian partner for the project
Rostecs Security Technologies and ST Electronics have signed a memorandum of understanding for cooperation in surveillance, integrated systems for security management, creation of security management situation centers besides intelligent control systems for the transport of secret and dangerous goods. One of the key aspects of cooperation is based on the use of an advanced product from ST Electronics called AgilFence