Search Results
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Eve Air Mobility Secures $94M in New Equity Financing for eVTOL Development
July 1, 2024 @ 12:31 PMEve Air Mobility, a global electric vertical take-off and landing (eVTOL) aircraft manufacturer and services provider, has announced $94 million in new equity financing from multiple investors. This funding includes the issuance of new shares of common stock and warrants, with participation from a diverse group of global industrial companies, including Embraer and Nidec, as well as additional financial investors
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Boeing Acquires Spirit AeroSystems for $8.3B, Airbus to Take Over its Manufacturing...
July 1, 2024 @ 07:10 AMVideo Boeing today announced a definitive agreement to acquire Spirit AeroSystems, a key supplier of sub-assemblies for both Boeing and Airbus
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India Channels Over 50% of Defence Exports to U.S.
June 25, 2024 @ 08:54 AMThe American Chamber of Commerce in India (AMCHAM) has revealed that over 50% of India's defence exports are now directed towards the United States. This was revealed in the latest report from AMCHAM, titled "U
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Safran Pursues AI Advancement with Talks to Acquire Preligens for €220M
June 25, 2024 @ 07:03 AMSafran has announced ongoing discussions to acquire Preligens, an AI solutions provider, for €220 million. Preligens, established in 2016, specializes in AI analytics for aerospace and defense, offering algorithms for analyzing imagery, video, and acoustic signals
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South Korea Completes Deployment of Locally-Built Surion Utility Helicopter to Army
June 24, 2024 @ 07:10 AMSouth Koreas Defense Acquisition Program Administration (DAPA) announced on Monday the operational deployment of the domestically manufactured KUH-1 Surion utility helicopter to the Army. This deployment comes more than a decade after the delivery of the first unit
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Australia Orders More Guardian-class Patrol Boats
June 24, 2024 @ 05:09 AMAustal Limited has announced that the Australian Government has ordered two additional Guardian-class Patrol Boats from Austal Australia, valued at approximately A$39 million. The 39
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Philippines Supply Ships Reinforced with Hardshell to Resist Chinese Water Cannons
June 20, 2024 @ 08:36 AMThe Philippine Navy (PN) has reinforced its supply ships with a protective cover to resist water cannon assaults by the Chinese Coast Guard (CCG). PN supply ships are providing materials to the anchored BRP Sierra Madre stationed in Ayungin Shoal, which China claims as part of its maritime territory, a claim Manila disputes
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Kongsberg Opens New Norwegian Missile Factory
June 20, 2024 @ 07:07 AMKongsberg Defence & Aerospace (KONGSBERG) officially opened its new missile manufacturing plant in Kongsberg, Norway, today, where the company will produce its Naval Strike Missile (NSM) and Joint Strike Missile (JSM). The new missile factory was inaugurated by Norwegian Minister of Trade and Industry Cecilie Myrseth at a ceremony, alongside State Secretary Anne Marie Aanerud of the Norwegian Ministry of Defence and representatives from the NSM and JSM user nations
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Eye on China, Australia's 'Pitch Black' Exercise to be Biggest Ever in...
June 18, 2024 @ 08:15 AMThe 2024 'Pitch Black' exercise will involve 440 aircraft from 20 nations, with first-time participation from Italy, the Philippines, Papua New Guinea, Spain, Brunei, and Fiji. The biggest Exercise Pitch Black in Air Force history will return from July 12 to August 2
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G7 Calls Out China for Aggressive Actions Against Filipino Vessels
June 15, 2024 @ 04:58 AMIn a strong communiqué issued at the conclusion of the G7 Summit on Saturday, the leaders of the Group of Seven (G7) denounced Chinas “increasing use” of dangerous maneuvers and water cannons against Filipino vessels in the South China Sea. The G7 reiterated its staunch opposition to what it termed as Chinese “intimidation activities” in the contested waters
U.S. to Give Up on Ukraine, Russia Peace If Deal Not Doable...
Russian UAVs Drop Spikes to Ambush Ukrainian Vehicles, FPV Drones Take Them...
Chinese Satellite Imagery Firm Helping Yemeni Houtis Target U.S. Ships
U.K. Tests Radio-Wave Weapon to Defeat Drone Swarms
The Future of Combat: Miniaturized Laser Weapons Set to Replace Bullets and Missiles
Lasers may soon replace bullets, and drones could disable enemy UAVs with beams of light instead of missiles
Four-legged Robots Vs. Military Dogs
Four legged robots that resemble dogs are increasingly being seen in war zones and exercises for functions such as reconnaissance...
Lockheed Martin Faces Billions in F-35 Cuts Under U.S. Policy Shift
Americas policy of controlling F-35 usage, spares, and maintenance—combined with President Donald Trumps threats of trade wars with Europe, halted...
Russian Su-57 and Chinese J-20 as Alternatives to the American F-35 Stealth Fighter
As the Russian Su-57 stealth fighter jet enters serial production, the debate over how it stacks up against the American...
