With its sale to the Philippines, Korean Aerospace Industries (KAI) FA-50 fighter jet may be the answer for countries that cannot afford expensive western aircraft. South Korea will provide the Philippines with 12 FA-50 jets worth $415
Lockheed Martin is developing a new kind of unmanned, vertical take-off and landing (VTOL) aircraft that seeks to replace helicopters on a wide range of military missions, and will go operational by mid-2015. In early 2013, US Defense Advanced Research Projects Agency (DARPA) agreed on a proposal from Lockheed-Piasecki team, to pursue a flying vehicle that can carry a mix of modular payloads, including small vehicles, cargo containers, sensors or weapons weighing up to 1,360kg (3,000lb), according to Flight Global
Israel is planning to adopt indigenously-built Stand-Off guided weapons for the F-35 fighters they are buying. Rafael has begun work to merge the Spice 1000 Electro-Optically, Stand-Off guided weapon to bomber, according to C4Defence
The UK Ministry of Defence (MoD) is close to signing the first contract for Lockheed Martin-built F-35 Lightning II joint strike fighter (JSF) aircraft, UK Defence Secretary Philip Hammond was quoted as saying by Reuters Television. The UK MoD will soon place a firm order in a bid to have the first squadron ready to start flying training off the Queen Elizabeth aircraft carrier in 2018
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
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
Cubic Defense Systems has won a $18.3 million contract from Lockheed Martin to design and integrate its latest-generation air combat training system for the F-35 Lightning II
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 U.S
Lockheed Martin has won a $13.3 million contract in November to support additional integration of the Joint Air-to-Surface Standoff Missile (JASSM) onto the Finnish Air Force F-18C/D aircraft