Russias defence and high technology holding company, Rostec declared 18% increase in consolidated revenues, amounting to 1 trillion and 140 billion rubles in 2015, despite the sanctions regime imposed against the firm. "Against the sanctions pressure, the general decline of the Russian economy and fall of industrial production index by more than 3 %, we managed to increase the revenue of the State Corporation to 1 trillion 140 billion rubles, demonstrating a growth by 18 % compared to 2014", said CEO of Rostec,Sergey Chemezov during the meeting with the President of Russia Vladimir Putin
Indonesia, Malaysia and the Philippines should establish a joint military post to ease the mechanism of coordination, information sharing and intelligence cooperation, Indonesian Defense Minister Ryamizard Ryacudu said. Ryacudu during at a meeting with his counterparts from Malaysia and the Philippines in Nusa Dua in Bali said that, the importance of issuing a joint declaration on the implementation of the maritime security maintenance cooperation
China had conducted a reconnaissance mission with Tupolev Tu153M aircraft prior to its transgression in the Barahoti area in Uttarkhand district. The aircraft used by Chinese Peoples Liberation Army was armed with Synthetic Aperture Radar (SAR) which provides broad-area imaging at high resolutions
Zen Technologies has been selected by Egypt to provide range of training equipment including smart target systems for its military. The order worth about Rs 30 crore (US $4
Indias Comptroller and Auditor General (CAG), in its report tabled in the Parliament Tuesday, has slammed both the Indian Air Force (IAF) and Boeing for various shortcomings in $2.7 billion contract for the C-17 Globemaster transport aircraft
Raytheon is providing precision munitions for firepower, a smart bomb rack that can be maintained on the fly and an advanced landing system to ensure successful missions for the F-35 Joint Strike Fighter. “Raytheon has been involved since Day One,” said Tom Copeman, vice president of business development for the company's Air Warfare Systems product line
Indian Navy will acquire 12 Japanese Shinmaywas long-range amphibious aircraft US-2i for an approximate $1.65 billion under the government-to-government deal
A huge fire erupted near a NATO base in the Buca district, Izmir of western Turkey Sunday. The fire started on Sunday evening and engulfed wooded areas and spread closer to NATOs military base
Taiwan's Armed Forces have requested a top military research facility to come up with a safety measure which will be applied ahead of any missile launches in future following a deadly misfire incident occurred on July 1. A senior military source told the Central News Agency that the Defense Ministry had asked the National Chung-Shan Institute of Science and Technology (NCSIST) to come up with new safety mechanism before a missile could be launched
Lockheed Martin has signed a partnership agreement with Submergence Group to manufacture Dry Combat Submersibles (DCS) that will transport personnel to their mission sites while submerged. These vehicles have longer endurance and operate at greater depths than swimmer delivery vehicles (SDV) in use