Blacklisted defense companies may continue to do business with India until charges against them are proved; the Indian MoD is understood to have made this decision, according to media reports. The decision was reportedly made at a recent meeting of senior MoD officials and Indian Defense Minister, Arun Jaitley
Defense and security company Saab acquired ThyssenKrupp Marine Systems AB (TKMS AB, formerly Kockums) at SEK 340 million (around €37 million). In April 2014, Saab and ThyssenKrupp Industrial Solutions AG signed a non-binding MoU regarding the acquisition of the Swedish shipyard TKMS AB with operations based in Karlskrona, Malmö and Muskö, Sweden
Raytheon Co. has won a $223 million contract for 485 AIM-9X Block II All Up Round Tactical Missiles for the US Navy, US Air Force , and the governments of Singapore, the Netherlands, Kuwait, and Turkey
Airbus Defence and Space (ADS) will sell India an improved variant of the A330-200 Multi-Role Tanker Transport (MRTT) aircraft, the contract for which has been “fully negotiated and pre-signed”, an Airbus executive was quoted as saying by Janes Defence review. Named as the ‘The A330 MRTT Enhanced, the aircraft features improvements to the aerodynamics, structure, and mission computer
India is likely to buy 15 CH-47F Chinook transport and 22 AH-64E Apache attack helicopters before the end of the year, the Boeing officials were quoted as saying by Shephard. "We expect that the contract award for the Chinook will come in the first half of the year, and the award for the Apache in the second half of the year," Leanne Caret, Boeings VP and GM of vertical-lift, were cited saying at the Singapore Airshow 2014
Indias newly appointed Defense Minister Arun Jaitley has inherited the task of deciding whether or not to raise the foreign direct investment (FDI) level in the defence sector from 26 per cent to 49 per cent. Jaitley, who is also the Finance Minister, would find it easier to address the FDI issue which is not merely a MoD matter but one which concerns the finance and industries ministries as well
Embraer Defense & Security will take part in the 14th Defence Services Asia exhibition, April 14 to 17, in Kuala Lumpur, Malaysia. The Embraer business unit will present its full portfolio of integrated solutions at the event
Lockheed Martin Australia and Pilatus Aircraft, supported by Hawker Pacific, have jointly launched a bid to provide a new pilot training system for the Australian Defence Force. The consortium, known as Team 21, submitted its proposal for the AIR 5428 Pilot Training System on March 31st
Airbus Defence and Space has won a contract from Qatar for two A330 MRTT new generation air-to-air refuelling aircraft for the Qatar Emiri Air Force. Qatar becomes the seventh nation to select the A330 MRTT following Australia, Saudi Arabia, Singapore, the United Arab Emirates, and the United Kingdom which have ordered a total of 34 aircraft
The first M-346 advanced trainer for the Israeli Air & Space Force was rolled out today in a ceremony held at Alenia Aermacchis plant in Venegono Superiore, Italy. In July 2012, Alenia Aermacchi, a Finmeccanica company, was awarded a contract from the Israeli Ministry of Defence (IMOD) to supply 30 M-346 advanced jet trainer aircraft, to replace the TA-4 Skyhawkcurrently operated by the IAF, to include ground based training systems in collaboration with other Israeli and International companies