US based Firearms manufacturer Colt has filed for bankruptcy after it failed to garner support of bondholders for a debt reshaping agreement, the company said in a statement last Sunday. "Colt plans to try to reduce its $355 million debt burden via a court-supervised auction of its business, to generate proceeds to repay some of its lenders," Wall Street Journal reported Monday, 15, June 2015
Lockheed Martin announced Wednesday that it has won a contract to deliver 10 Sniper Advanced Targeting Pods (ATP) to the Royal Jordanian Air Force (RJAF) in support of urgent operational requirements. Apart from delivering 10 Sniper ATPs, Lockheed Martin will also provide integration support
Raytheon announced on Wednesday that AMRAAM-ER, its new extended range variant of advanced medium-range air-to-air missile (AMRAAM) has successfully completed lab testing. The test validated that the missile can be integrated and employed from the NASAMS launcher
The NATO Communications and Information Agency (NCI Agency) is continuing its evaluation process of the SecuVOICE for BlackBerry 10 solution for potential use for NATO mobile voice and text communication following the solution being approved by the BSI for the NATO restricted security classification. The evaluation includes equipping a select group of NATO and NCI Agency employees with the solution
Bharat Electronics Limited has introduced nine systems for the Indian armed forces since last year, and has recorded orders worth INR 5130 Crores during 2014-2015 financial year. S
Elbit Systems announced today that it has signed a $157.9 million agreement to acquire NICE Systems Ltd
Tactical Communications Group (TCG) announced that its Battlefield Operations Support System (BOSS) and Ground Tactical Data Link System (GTS) have received Software Certification from the US Air Force Network Integration Center (AFNIC). The certification allows the Tactical Data Link (TDL) solutions to be used in the US Department of Defense's (DoD) Secure Internet Protocol Router Network (SIPRNet) and provides the United States Air Force (USAF) a common and sustainable GTS capability to conduct realistic training and enhance daily operations
Lockheed Martin announced Monday that the Romanian Air Force and Royal Thai Air Force (RTAF) have selected its Sniper Advanced Targeting Pod (ATP) for their F-16 fleets. Lockheed Martin will integrate and field Sniper ATPs on existing RoAF and RTAF aircraft and provide initial sustainment support
Airbus has informed that it is ready to invest, manufacture in India and to source from India, thereby contributing to the Make in India policy, Minister of State for Defence Rao Inderjit Singh said. However, there is no agreement between the Government and the Airbus on this
Members of the Gulf Cooperation Council, Saudi Arabia, UAE, Bahrain, Kuwait, Qatar and Oman may create a collective regional missile defense system to counter Irans missile activities, National Defense Magazine reported Tuesday. “Heightened threat perceptions of Irans missile activities are spurring the move toward integrating the different systems to improve collective defense