The Egyptian parliament has approved loan of $3.7 billion from France to fund its arms acquisition
Since 2002, 14 military and 2 civil Indian home-grown Dhruv helicopters have been involved in accidents, out of which 11 occurred in India and 5 abroad. Out of 16 accidents, 12 occurred due to human error & environmental factors and the remaining 4 occurred due to technical reasons, Minister of State for Defence Rao Inderjit Singh said in the parliament Tuesday
Kuwaiti parliament has approved $500 million (150 million dinars) as advance payment for the purchase of 28 Eurofighter Typhoons. Kuwait signed a MoU in September last year with the consortium in a deal worth up to 8 billion euros ($8
India will soon roll out a new Defense Procurement Procedure (DPP) and will concentrate on promoting indigenization and self-reliance in defense through public and private sector. The Indian defense minister, Manohar Parrikar in a
Indian government plans to disinvest 10 per cent of its share from Indias only defense aircraft manufacturer, Hindustan Aeronautics (HAL) and 5 per cent from Bharat Electronics (BEL). Indian Defense Minister of State for Defense, Inderjit Singh Rao said in a statement to the Parliament Monday that “the Government has approved disinvestment of defence sector CPSEs, 5 per cent paid-up equity of BEL out of Government of Indias shareholding of 75
During the last three years 162 contracts with total value of INR133093 Crore ($19.3 billion) have been signed with Indian and foreign vendors for procurement of defence equipment, including Ships, Missiles, Rockets, Simulators, Tanks, Guns, Aircrafts, Helicopters and Radars
European lawmakers have called for an approval of arms embargo against Saudi Arabia citing its involvement in the ongoing war in Yemen. A petition signed by over 750,000 European citizens asking for an end to weapons sales to Riyadh follows the European Parliaments resolution, Reuters reported Thursday
The Swiss government plans to evaluate a new fighter aircraft to replace ageing F/A-18 Hornet and F-5E Tiger II jet fighters. The fighter replacement program had ground to a halt after Swiss voters rejected the procurement of 22 Gripen fighters in a referendum
The UK MOD has announced a £201 million (US$ 290 million) package to support further design work for the Royal Navys next generation of nuclear submarines. The funding will enable BAE Systems to develop the design of the submarine, including the layout of equipment and systems, and to develop manufacturing processes, including the production of early prototypes, the MoD said in a statement Tuesday
South Korea is on high alert for any signs of additional provocations by the North a day after Pyongyang launched a long range rocket. North Korea fired a long-range rocket allegedly carrying an Earth observation satellite Sunday