Philippines is close to signing a deal worth $415.7 million to buy 12 fighter jets from South Korea as the country struggles to modernize its military
The South Korean Defense Acquisition Program Administration (DAPA) will finalize the purchase of 40 Lockheed Martins next-generation F-35 jet fighter jets later this year. "We will push to sign the contract in the third quarter, after testing and further negotiations," Jung Kwang-Sun, the DAPAs aircraft department director, was quoted as saying by various media report
With the suspension of the AgustaWestland VVIP helicopter deal the status of the Indian Air Forces VVIP chopper procurement has left contenders vying to fulfill Indias requirement. Some reports say that the Indian Air Force now plans to use Russian Mi-17 helicopters that, ironically were dropped from competition in 2006, to ferry VVIPs
Lockheed Martin and BAE Systems are hoping to secure the Republic of Singapore Air Force's (RSAF) F-16 Fighting Falcon fleet upgrade contract. The US Defense Security Cooperation Agency (DSCA) had announced last week the potential foreign military sales (FMS) for upgrading Singapore's 60 F-16C/D/D+ aircraft for an estimated $2
Joint productions of all future projects is expected to be the new norm in Indo-Russian relations after Moscow last year offered to set up manufacturing facilities in the country for joint production of defence hardware. India and Russia agreed to set up manufacturing facilities in India for joint production of defence hardware during Deputy Prime Minister of Russia Dmitry Rogozins state visit to New Delhi last year
As AK Antony, Indias longest serving defense minister, enters the final year of his governments tenure, his handling of the MoD will be remembered for zero-tolerance towards corruption and a determined push to indigenization of defence hardware. Under his seven years leadership, Indias MoD initiated several programs to modernize its armed forces and streamline procurement
Lockheed Martin has successfully demonstrated the AGM-114L Longbow missile's ability to counter littoral threats. The demonstration was done in the US Army Eglin Air Force Base (AFB), which involved firing of multiple Longbow missiles from a launch fixture provided by the navy aboard a 65ft surface craft
The US Department of Justice has launched an investigation into Honeywells export and import procedures after it was found that the firm used Chinese parts on the F-35 aircraft. Besides using $2 magnets on the aircrafts radar system, landing gears and other hardware, Honeywell also used simple thermal sensors that were made in China in 2009 and 2010
The Indian government is seeking repayments worth some $367 million from the troubled Italian firm AgustaWestland over a scrapped helicopter deal. India last week cancelled a $770 million deal with AgustaWestland for 12 AW101 helicopters over what it termed a breach of integrity relating to alleged corruption
Turkey may have to shell out over $800 million to acquire a new amphibious assault vessel, according to Hurriyet Daily. “This is definitely going to be one of the biggest ever price tags for any naval program for a single platform,” an official was quoted as saying