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Raytheon Wins $434M Contract to Supply 766 AIM-9X Sidewinder Missiles

December 29, 2018 @ 08:51 AM

Raytheon has won $434 million modification contract for the procurement of AIM-9X Lot 18 production requirements to include 766 AIM-9X Block II all up round tactical missiles for the United States and Foreign Military Sales (FMS). The contract includes AIM-9X missiles for the US Navy (138); US Air Force (197); and the governments of Israel (11); Norway (20); Qatar (40); South Korea (60); and the United Arab Emirates (300), as well as 160 AIM-9X Block II+ all up round missiles for the Navy (12); Air Force (75); and the governments of Australia (49); Israel (7); and the Netherlands (17), US department
HSBC Divests from Israeli Elbit Over Palestinian Human Rights Concerns

December 28, 2018 @ 01:43 PM

UK-based HSBC has divested from Israeli weapons maker Elbit Systems over Palestinian human rights concerns, according to various media outlets. While HSBC had yet to officially announce the decision, sources within the UK-based bank confirmed Thursday that it had ended its investments in Elbit, one of Israels biggest military contractors, reported
US Sets Up Two New Military Bases in Iraq

December 26, 2018 @ 03:42 PM

The United States (US) Army has set up two new military bases at Anbar, a western province of Iraq, days after Washington announced the pullout of American forces from Syria. “The US Army has established two new military facilities in uninhabited parts of the province
South Korean Surion Helicopters Resume Operations

December 24, 2018 @ 12:56 PM

The South Korean Army has resumed operation of its Surion choppers on Monday, months after they were grounded following the crash of the MUH-1 marine variant of KUH-1 Surion helicopter in July. An MUH-1 Marineon crashed at a military airport in the southeastern city of Pohang on July 17, killing five of the six Marines aboard and injuring the other
Japan Plans Selling F-15 Jets to US to Fund F-35 Fighter Purchase

December 24, 2018 @ 11:31 AM

The Japanese government is considering selling some of its F-15 jets to the United States to raise funds for the purchase of F-35 stealth fighters. This would be the first sale of used defense equipment to the US, Washington in turn is eyeing to sell the outdated planes to Southeast Asian countries,
Lockheed Martin Wins $996M To Upgrade 84 F-16s To V-configuration

December 21, 2018 @ 02:58 PM

Lockheed Martin has won $996 million to upgrade 84 F-16 multirole fighter aircraft to the V-configuration. Work will be performed in Fort Worth, Texas; and Athens, Greece, and is expected to be completed by June 30, 2027
Lockheed Martin to Reduce F-35 Fighter jet price to $80 Million by

December 21, 2018 @ 08:52 AM

Lockheed Martin will reduce the unit price of the F-35 jet to $80 million in 2020 from the current $89 million and is set to deliver more than 130 F-35s in 2019 to US and international customers The US Company delivered the 91st F-35 aircraft for the year, meeting the joint government and industry delivery target for 2018 and demonstrating the F-35 enterprise's ability to ramp to full rate production. The 91 deliveries in 2018 represent nearly a 40 percent increase from 2017 and about a 100 percent production increase compared to 2016
Boeing-Embraer Reach Consensus on Terms of Aerospace Partnership

December 17, 2018 @ 12:54 PM

Embraer and Boeing reach consensus on terms of the strategic aerospace partnership in which Boeing will acquire an 80 percent ownership stake in the joint venture for $4.2 billion
Brazil Files First Written Submission to WTO Challenging Canada’s Subsidies to Bombardier...

December 15, 2018 @ 12:50 PM

The Brazilian government has filed its first written submission to the dispute settlement panel at the World Trade Organization (WTO) in Geneva. The Panel is examining more than $4 billion in subsidies that Bombardier received from the Governments of Canada and Quebec
India-Russia Set-up 'Working Group' on Military Cooperation

December 14, 2018 @ 11:21 AM

India and Russia have established a ‘working group within the Intergovernmental Commission on Military-Technical Cooperation (IC-MTC) to further strengthen military cooperation between the two countries. An agreement to set-up the working group on military cooperation was signed during the eighteenth session of the IC-MTC held in Delhi yesterday attended by the Russian Defence minister Sergei Shoigu and his Indian counterpart Nirmala Sitharaman

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