Differences over price, technical specifications and offsets are threatening to derail or substantially delay negotiations to purchase 36 Dassault Rafale aircraft by India. While India is going by the price arrived at during the previous negotiations to purchase 126 aircraft, Dassault is reportedly asking for a new price since this a completely new negotiation
The Indian Defense Ministry has signed 18 international contracts worth INR 29,222 Crore (US $20.1 billion) between May 2014 and February 2015
Brazil's Senate has approved a $4.6 billion financing contract that took place last week with Sweden for buying 36 Gripen fighter jets for the countrys Air Force
Dell Secureworks has identified a Chinese hacking group targeting various websites belonging to high-profile targets that include defense manufacturers in the US and the UK. The Chinese hacking group identified as Emissary Panda also identified as Threat Group 3390 has set-up various global traps to siphon off data from the websites
India has exported defense equipment worth INR 670 crore (US $104 million) that include helicopters, bullet proof jackets, aircraft spares and military hardware to 22 countries in 2014-15. India has exported forging equipment, electronic assemblies, flight control panels to the US, transmitting tubes to UK and MIG, Sukhoi Su-30 aircraft spares to Russia and Malaysia, DNA news daily reported Thursday
Australia on Tuesday announced a US $65 billion shipbuilding package to construct new frigates and patrol boats indigenously. The decision on an international supplier for replacement submarines will be made in coming months
The US government expenditure on strategic bombers is expected to reach $58 billion in the next ten years. A Government Accountability Office (GAO) report released at the end of July projects the entire spending between development and manufacture of USAFs new strategic bomber, Long-Range Strike Bomber (LRS-B) at $33
Japanese ministry of defense (MoD) plans to spend more than 5 trillion yen ($40.3 billion) for fiscal 2016 to buy new airborne refueling aircraft and continue building an Aegis destroyer
India faces serious shortage of ammunition especially for tanks and artillery and has stocks enough for only 10 days of war. The Comptroller and Auditor General of India (CAG) had noted in May this year that stocks of 125 out of 170 kinds of ammunition or, to put it differently, 74 per cent of the total stocks are not enough for even 20 days of a shooting war
A draft agreement to purchase 36 Dassault Rafale aircraft will be prepared by the Indian team after concluding negotiation with their French counterparts. Indian defence minister Manohar Parrikar told parliament that team has commenced negotiations but did not specify how long the negotiations would go on