The Iraqi government has offered to barter oil for weapons as the country is in need of arms due to the ongoing war with IS militants as well as is facing a budget constraint. Paying for oil with weapons and arms is the latest move by the government to save hard cash and meet a massive budget deficit caused by plummeting oil prices, according to the local daily Azzaman
Airstrikes carried out by the US on ISIS positions using the A-10 Warthog aircraft killed and wounded a number of terrorists near the village of Sultan Abdullah near Moshul in Iraq at dawn yesterday, Iraqi News reported. Quoting an unnamed source who witnessed the action, the report said that the aircraft carried out four airstrikes sparking panic in the ranks of ISIS after flying close to the ground
According to Strategic Defence Intelligences (SDI) latest report, the US C4ISR market is estimated to value US$65 billion in 2014, and is anticipated to increase at a CAGR of 1.34% to reach US$74
The US Army is considering upgrading the Iraqi armys M1A1 tanks with rotating, remotely operated machine guns to attack snipers as well as to detect roadside or suicide-bomb vehicles. The tank upgrades built by General Dynamics could also include belly armor; lightweight reactive armor tiles; improved night-vision sensors from Waltham, and Raytheon Co
Iran and Iraq on Tuesday signed an MoU to broaden defense cooperation to fight ISIL militants. According to the MoU signed by Iranian Defense Minister Brigadier General Hossein Dehqan and his visiting Iraqi counterpart Khalid al-Obeidi in Tehran, Iran will continues training of Iraqi units
Arms buys by Saudi Arabia and the UAE may experience a slowdown in 2015 due to falling oil revenues and a completion of major procurement programmes for the current decade. Oil rich Saudi Arabia which is experiencing a reverse ‘oil shock as it finds it cannot control global oil prices any longer presented a deficit budget for the first time since 2009
A Jordanian F-16 fighter aircraft was shot down by ISIS today using a heat-seeking missile over Raqqa, Syria, according to various media reports. It would mark the first time ISIS would have shot down a fighter
The US approved possible sale of tanks and armored vehicles worth about $3 billion to boost Iraqs fight against Islamic State extremists. The possible Foreign Military Sale to Iraq for M1A1 Abrams tanks and associated equipment, parts and logistical support has been permitted for $2
QinetiQ has won a contract from the US Army on December 18 to build, refurbish and modernize two TALON IV military robots. The military robots is used extensively in combat in Afghanistan and Iraq
The Australian Government today announced that it has purchased two rapidly deployable and one larger Air Traffic Management (ATM) and Control Systems valued at $50 million from Indra Australia for the countrys defense forces. Defense Minister Senator David Johnston today said the new systems would enable the Australian Defense Force (ADF) to use radar to control aircraft and manage airspace for missions within Australia and overseas