Indias financial woes have been so severe that the Ministry of Defense did not have enough money to pay the "first full instalment" of the $1.01 billion deal to buy six additional C-130J Super Hercules aircraft last December, the Times of India reports
Indias newly appointed Defense Minister Arun Jaitley has inherited the task of deciding whether or not to raise the foreign direct investment (FDI) level in the defence sector from 26 per cent to 49 per cent. Jaitley, who is also the Finance Minister, would find it easier to address the FDI issue which is not merely a MoD matter but one which concerns the finance and industries ministries as well
The New Zealand Ministry of Defence signed a contract on 21st May with MBDA for the provision of Sea Ceptor for the Local Area Air Defence element of the Royal New Zealand Navys ANZAC Frigate Systems Upgrade (FSU) project. This contract confirms the selection of the system by the RNZN for its ANZAC frigates that was announced in October 2013
An evaluation team from the South Korean Air Force will test Lockheed Martin's F-35 Lightning II before signing a deal to purchase 40 of the stealth aircraft for its "next-generation" fighter jet, the nation's procurement agency said Sunday. "The 10-man team will visit the company's plant in Fort Worth, Texas Monday for two weeks of tests," said an official of the Defense Acquisition Program Administration (DAPA)
The Norwegian Government has today submitted to Parliament a revised National Budget in which it confirms that it will present a proposal for development of the Joint Strike Missile before the summer. This further development of Kongsbergs JSM will implement Stage III in the development of the JSM missile for the F-35 Lightning II Joint Strike Fighter (JSF)
Lockheed Martin, the US Navy and the Missile Defense Agency successfully completed the first live fire test of Aegis Ashore, where the new land-based system safely launched and controlled a missile against a simulated target. The test demonstrated Aegis Ashore's ability to provide proven missile defense capabilities against a ballistic missile threat
Lockheed Martin has won two contracts totaling $34.3 million from the US Navy and Royal Canadian Air Force for Enhanced Laser Guided Training Rounds (ELGTR) production
Embraer has signed a $3.3 billion deal with the Brazilian Air Force on Tuesday to build 28 newly launched KC-390 mid-sized cargo planes
The US State Department has approved a possible Foreign Military Sale to Mexico for M1152 High Mobility Multi-Purpose Wheeled Vehicles (HMMWVs) and associated equipmen worth $556 million. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale on May 16, 2014
Saab today announced it has signed a new Gripen lease agreement with the Czech Republic which will continue to operate 14 Gripen C/D another 12 years, until at least 2027. The partnership is a contract between two governments, where Saab acts as a sub-contractor to FMV, who provides the aircraft