The victory of Republican Party in the US presidential election has soared the defense stocks all around the world. The US firms - Northrop Grumman, Lockheed Martin and Raytheon have gained about 5
India and Japan will sign a nuclear energy agreement later this month that will allow Tokyo to opt out if South Asian nation tests its nuclear weapons. The agreement, the first by Japan with a nation that has not ratified the Nuclear Non-proliferation Treaty, will be signed when Indian Prime Minister Narendra Modi visits Japan later this month, a high-ranking Japanese Foreign Ministry official was quoted as saying by Asahi Shimbun Monday
Chinese hackers have recently launched a network attack for targeting people attending a US-Taiwan Defense Industry Conference. The attack was attempted this month at the conference, held in Virginia State of USA
The Indian Air Force has restarted a global contest, inviting international fighter jet manufacturers to set up a production facility in India to make single-Engine fighters. According to Business Standard report, Indian embassies in Washington, Moscow and Stockholm have written to jet manufacturers in these countries to confirm whether they would be interested in partnering with an Indian company in building a medium, single-engine fighter, with significant transfer of technology to the Indian entity
Japan is likely to reduce the cost in its $1.6 billion deal with India for 12 Shinmaywa US-2 Amphibious Search and Rescue aircraft
The US navy has considered to replace V-22 Osprey tilt-rotor transport aircraft in Japan with latest variant, likely from 2021. CMV-22Bs will replace the two aging C-2 Greyhounds attached to the US aircraft carrier Ronald Reagan, which is based at the US Navys Yokosuka base in Kanagawa Prefecture starting in 2021, or as late as 2026, the official was quoted as saying Monday by
The United States plans to deploy 16 F-35 fighters to the US military base in Japans Iwakuni in Yamaguchi. The plan is to deploy 10 aircraft in January and additional six in August next year
The Japanese defense ministry plans to seek increase in military spending to 5.1 trillion yen (US $51 billion) for the fiscal year 2017 which will include joint development of SM-3 missile with the US
Japan is likely to make a significant upgrade to its Patriot missile defence system in time for the 2020 Tokyo Olympic Games and to be able to intercept more advanced North Korean ballistic missiles in future. The Missile Segment Enhancement could double the range of the current Patriot Advanced Capability-3 (PAC-3) missiles to around 30 km (19 miles), sources aware of the plan told
State Bank of India (SBI) has been named in a 'Hall of Shame' list of 158 banking and financial institutions globally that have invested billions of dollars in companies making cluster bombs. SBI, the only Indian entity joins the list of global giants like JP Morgan, Barclays, Bank of America and Credit Suisse that invested over $28 billion in seven producers of cluster munitions between June 2012 and April 2016, PTI reported citing a report by Dutch campaign group PAX