News

Rolls-Royce To Pay More Than $832 Million In Fines To Settle Bribery

January 18, 2017 @ 03:12 PM

Rolls-Royce has agreed to pay $832 million to settle a long-running investigation into bribery and false accounting of the british engine-maker in several countries. According to the settlement, the engine-making company would need to pay a total of 671 million pounds ($832
Israeli Police Search Defense Ministry In German Submarine Probe

December 27, 2016 @ 12:18 PM

Israeli police raided the Ministry of Defense as part of the investigation into the negotiations of the naval transaction of several billion shekels about a shipbuilding contract involving German ThyssenKrupp. The purchase of patrol ships and submarines was carefully examined after it was found that David Shimron, the personal lawyer of Prime Minister Benjamin Netanyahu, also served as an adviser to ThyssenKrupp group, the shipbuilder that was awarded the contract
Former AgustaWestland Chief To Be Retried in Indian Chopper Bribery Case

December 17, 2016 @ 02:30 PM

Italys apex court has ordered a re-trial of former top executives at Leonardo-Finmeccanica over alleged irregularities in the AgustaWestland VVIP chopper deal worth US $753 million. Indias Central Bureau of Investigation (CBI) arrested former Air Chief SP Tyagi and two others last Friday on graft charges
US, Japan Coordinated Ops To Extract Chinese Jets' Radar Frequency: Beijing Suspects

December 16, 2016 @ 08:28 AM

US and Japanese air forces conducted a coordinated operation to extract the radar frequency of Chinese air forces fighter jets when the latter were flying over the Miyako Strait in the western Pacific earlier this week. In an incident described by Beijing a ‘serious breach, Japanese Self Defence Force (JSDF) F-15 jets fired flares at Chinese Sukhoi 30 jets
India’s CBI Arrests Former Air Chief, Two Others In AgustaWestland VVIP Chopper...

December 9, 2016 @ 02:27 PM

Indias Central Bureau of Investigation (CBI) has arrested former Air Chief SP Tyagi and two others over alleged irregularities in the AgustaWestland VVIP chopper deal worth 3,700 crores (US $753 million). Delhi-based lawyer Gautam Khaitan, and SP Tyagis cousin, Sanjeev Tyagi, alias Julie Tyagi also arrested by CBI in the case
Embraer Admits It Paid 'Agency' $5.76 Million To Secure Indian AEW&C Contract

November 30, 2016 @ 12:22 PM

Embraer has admitted in paying $5.76 Million after it entered into an agreement with an agency in Indias 2008 three modified Airborne Early Warning & Control (AEW&C) aircraft deal
Ecuador Considers Returning India's Hindustan Aeronautics 'Dhruv' Helicopters

November 23, 2016 @ 10:24 PM

Ecuador government has considered returning advanced light helicopters ‘Dhruv to Hindustan Aeronautics (HAL) after a court case involving both the sides is settled. The Ecuador government intends to return due to long-run issue performance of the chopper
Airbus Rolls Out First Of Five MBDA Exocet-armed H225M Helicopter For Brazilian...

October 27, 2016 @ 10:53 AM

Airbus Helicopters has rolled out the first H225M medium twin rotorcraft equipped with MBDA AM39 Exocet anti-shipping missile meant for Brazilian Navy under the H-XBR program. The rolling out ceremony of the first of five H225M helicopters took place in Helibras Itajuba facility in Brazil on Tuesday, IHS Janes reported
CBI Files Charge Sheet In Indian Embraer Deal, Names Middleman

October 21, 2016 @ 08:12 AM

The Indian Central Bureau of Investigation (CBI) has filed a charge sheet against a UK based arms dealer for allegedly taking kickbacks worth over US $5.7 million from the Brazilian Embraer in Indias 2008 three aircraft deal
China Launches Spacecraft Carrying Two Astronauts In Space

October 17, 2016 @ 10:40 AM

China has launched manned spacecraft Shenzhou-11 that will dock with the space lab Tiangong-2. Shenzhou-11 is carrying two male astronauts on board and was launched at the Jiuquan Satellite Launch Center in northwest China's Gobi desert at 7:30 a

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