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
Kuwait might a sign a deal to procure 28 Eurofighter Typhoon fighters by next week and will not be waiting for an approval from US for the planned acquisition of F-18 Super Hornets. “We were trying to acquire the F-18 Super Hornets and replace the existing fleet of F-18s with Super Hornets and Eurofighter Typhoons
Indian Air Force has stressed for a decision from Defense Ministry over the $2 billion acquisition of six Airbus 330 Mid Air Refuelling Aircraft or tankers. The IAF wants the A-330 MRTT deal to be inked at the earliest to boost strategic reach of its fighters and bombers
South Korean Defense Acquisition Program Administration (DAPA) announced Thursday that six prototypes of KF-16 indigenous fighter jet would be ready by 2021. DAPA in a commencement meeting in the headquarters of contractor Korea Aerospace Industries in Sacheon, South Gyeongsang Province for the fighter jet project held Thursday said that South Korea would be able to introduce the fighter in mid-2020s
Kuwait has allocated an additional $10 billion funds to purchase new fighter jets, tanks and air defense systems over the next decade. Kuwaits parliament unanimously approved a request by the state government