The Indian Finance Ministry is expected to cut the armed forces’ modernization budget by $1.82 billion this year, according to reports
The Indian Defense Ministry in November selected Boeing for a $1.6 billion heavy-lift and attack helicopter order which is the first time in nearly two decades that it has said no to Russian Helicopters- a traditional supplier of the Mi series of choppers which form the mainstay of the Indian Air Force and Navy helicopter fleet for attack, medium-lift and heavy lift requirements
The successful delivery of the first three upgraded MiG 29 aircraft to the Indian Air Force could open doors for JSC Russian Aircraft Corporation to upgrade similar aircraft in other countries. The company has been facing losses as several nations such as Algeria, Malaysia, and Lebanon are retiring their MiG 29 aircraft in favor of other manufacturers citing reliability and durability problems
India and Dassault will most likely sign the contract for the MMRCA deal, scheduled to be concluded by the end of this year to 2013. Neither side has made known a new timeline for the commercial negotiations to be concluded
As the Chinese navy continues to undergo rapid modernization with the induction of aircraft carriers, the Indian Navy’s ambitious procurement plans just got bigger. With a budget of $24
The U.S and Russia may not have many things in common but the two super powers have found their respective high ranking military officials in rather embarrassing dealings this month
Syrian rebels taking on President Bashar al-Assad regime have found an extra boost with the help of machine guns, heavy weapons and missiles. While the source of their weapons supply is unclear, many fingers point to the West
Indonesia has found itself in the center of a defense procurement scandal involving Italian plane-maker AgustaWestland. Italian sleuths are currently carrying out investigations looking into allegations of bribery by the Finmeccanica group to win large government contracts
India’s defense procurement plans have been marred by a barrage of bribery and corruption allegations that seem to weasel out at an inopportune moment. Recently, the Indian Air Force’s plan to procure 12 VVIP helicopters from AgustaWestland came under the scanner after reports of kickbacks surfaced in a section of the Indian media
The Indian Air Force (IAF) intends to go ahead with the purchase of 12 AgustaWestland VVIP helicopters despite the latest string of bribery and corruption allegations which have appeared in an Indian newspaper. The IAF has rubbished reports of its former pilots being involved in an alleged bribery scandal surrounding the procurement of VVIP helicopters from AgustaWestland