Lockheed Martin Corp lost $31.5 million in award fees for its new F-35 fighter jet in 2011, the second consecutive year it did not meet Pentagon development goals for the aircraft, which is now facing a third restructuring
Last Monday, after the Pentagon released its 2013 budget materials, just about every news article I read inaccurately reported the totals. These articles did not just miss some significant bits not in DOD's press release; they ignored another $380 billion in spending for US national security spending if you take the time to parse through OMB's far more complete and accurate budget materials
Deals worth $31 billion have been signed at this year’s Singapore Airshow setting a new record, according to organizers. The number was "threefold of what we did two years ago" at the biennial event, Jimmy Lau, managing director of the organizer Experia Events, told a press briefing
Raytheon has delivered a unique surveillance radar to Boeing to be installed on the Indian Navy's P8I maritime surveillance aircraft. The radar offers air-to-sea, air-to-air and weather monitoring capabilities, it was announced during a press conference at the Singapore Air Show 2012
After a Su-24 Fencer tactical bomber crashed in the Russian Urals on Monday, the Russian Defense Ministry has indefinitely grounded the entire fleet, Ria Novosti reported on Tuesday. The Su-24 combat aircraft, similar to NATO’s Tornado and Mirage 2000 planes, crashed in the woods of the Kurgan region during a routine flight on Monday
Lockheed Martin’s F-35 will likely fail to meet two of the Korean Air Force’s key requirements — the ability to carry weapons externally and fly at Mach 1.6 (1,930 kilometers per hour) or faster, according to the Korean Times
Dassault Aviation is preparing to hold discussions with the Indian MOD's contract negotiations committee (CNC) in the coming weeks to freeze the Rafale aircraft architecture as the next step in its quest to sign the estimated $12 billion contract. A source from Dassault told Defenseworld
Sikorsky Aircraft, a subsidiary of United Technologies Corp. has selected Meggitt Polymer & Composites and Meggitt Safety Systems for the newly-formed team building a next-generation helicopter—known as the S-97 Raider—for evaluation by the US military
Israel Aerospace Industries Ltd. (IAI) has signed one of its largest arms deals, for the sale of $1
The Philippines wants to acquire F-16 fighter jets from the United States as part of stepped up efforts to defend the archipelago, Foreign Secretary Albert del Rosario said Dec. 21