China and Pakistan are planning to display a two-seater version of the Xiaolong fighter at Paris Air Show 2015 to be held from June 15-21. Both the nations have plans to introduce the two seater version of FC-1 Xiaolong multirole fighter, also known as the JF-17 Thunder to the overseas market, according to Military Parade
Hundreds of thousands of accounts belonging to Chinese PLA personnel of all departments, and ranks will be audited to unearth stashed money or ‘Little coffers, PLA daily reported Wednesday. According to the report, President Xi Jinping headed Central Military Commission (CMC) will be investigating military personnels income and expenses for the past couple of years in a massive drive to curb corruption
Italys Finmeccanica will be present at the Aero India show in Bengaluru, a year after being asked to leave the military exhibition Defexpo, whereas AgustaWestland will be skipping the show. Secretary for defence production G
Raytheon Company has won a $270 million contract from the US Navy's Air Systems Command to support V-22 Osprey systems. Under the contract, Raytheon will provide V-22 software support activity systems and software engineering, avionics integration, testing, and acquisition support
The Korean Army plans to draw up a code of conduct, or 10 commandments on relations between male and female service personnel following several sex crimes on military bases, Korea Herald said quoting an unnamed officer. The decision was made after an Army colonel was arrested on charges of raping his female subordinate
RUAG has acquired Patrias Space unit to become part of RUAGs Space division, which includes the business operations and assets. Patrias Space activities are currently part of the Finnish companys Systems Business Unit
Indias top criminal investigation agency, the Central Bureau of Investigation, has closed its investigation into alleged irregularities in a $92 million contract awarded Bharat Dynamics Limited (BDL) to produce the Akash missile system citing lack of evidence. The CBI began its probe last May after allegations surfaced that the then Chief Managing Director Maj Gen (retd) Ravi Khetarpal, and other senior officials were involved in the irregularities in the contract
Former Finmeccanica CEO Giuseppe Orsi plans to sue the companys former external relations manager, Lorenzo Borgogni, for alleging he paid bribes to Indian offices to secure the VVP helicopter deal. Orsi and former CEO of AgustaWestland Bruno Spagnolini received a suspended two years sentence after they were found guilty of false invoicing in the Indian deal but were acquitted of all alleged bribery charges
Raytheon has won a $174.5 million contract from the US Air Force to provide field support for high-altitude intelligence, surveillance and reconnaissance (ISR) and the Distributed Command Ground System (DCGS) mission
With data breaches, ransomware and cyber attacks increasing at an alarming rate worldwide, the cyber insurance market is booming as well. The costs of data breaches run in the millions and take months, if not years, to recover, repair and investigate