Indias Foreign Investment Promotion Board (FIPB) has issued approval on August 14 for Mahindra Telephonics Integrated Systems (MTIS) to increase Telephonics Corporations equity stake from 26% to 49%. Steps are being taken by both the partners to implement the transaction, Mahindra company announced today
Cubic Global Defense today announced the delivery of its Instrumented-Multiple Integrated Laser Engagement System Individual Weapon Systems (I-MILES IWS) and Combat Vehicle Adapter Kits to the Ukrainian Army worth $1.7 million
Airbus Helicopters has appointed Guillaume Steuer as Head of External Communications. From today onwards, Guillaume Steuer reports to Vice President of Corporate Communications Yves Barillé and manages all external communications activities for Airbus Helicopters, the company announced Tuesday
The US Air Forces new Long Range Strike Bomber (LRSB) will cost $58.2 billion up by $25 billion from previous years estimate of $33
Malaysian defense minister omitted mentioning big purchases like Rafale fighter jets and Mistral aircraft carrier ahead of French Defense Ministers visit to the nation. Malaysian defense minister, Hishammuddin Hussein said last Friday, “Malaysia will proceed with acquiring armed forces assets under the 11th Malaysian plan despite current economic challenges
Switzerland has denied offering support to India in investigating bribery cases involving two Swiss companies to win arms deals. “As the requesting authority did not deliver information requested by international assistance law, the OAG (Office of the Attorney General) was by law not in a position to provide information,” an OAG spokesman was quoted as saying via an emailed comment to Reuters on Sunday, confirming a report by the NZZ am Sonntag newspaper
Boston Engineering has won a $150,000 contract from the US Air Force to enhance its UAV capabilities and to also reduce drone noise. Specifically, Boston Engineering announced Friday that it will demonstrate an embedded motor control platform to accelerate US Air Force UAV research and development initiatives
The US Navy and Lockheed Martin have prepared to launch the fourth Mobile User Objective System (MUOS) secure communications satellite aboard a United Launch Alliance Atlas V rocket on Monday. The Navy's Program Executive Office for Space Systems and its Communications Satellite Program Office responsible for the MUOS program are based in San Diego
Serco has won a $45.9 million contract from US Navy to support the Naval Supply Systems Command (NAVSUP) Ordnance Information System (OIS)
Boeing has won a contract with Saudia Aerospace Engineering Industries (SAEI) and Al Salam Aircraft Company to create the Saudi Rotorcraft Support Center in Saudi Arabia. The joint venture will have locations in Riyadh and Jeddah providing comprehensive, in-country maintenance repair and overhaul support for Saudi Arabias diverse rotorcraft fleet