Russian President Vladimir Putin has announced that the Russian Navy will receive $130 billion to complete modernization before 2020.Putin said that "modernization of the Navy is a major priority" and added that "the state armament program for the period until 2020 assigns more than 4 trillion rubles for the formation of balanced groups of warships and submarines”
The Russian Ministry of Defense has announced that it will acquired over 50 new warships to be inducted by the navy by 2016, including strategic nuclear submarines and special operations support vessels. “By 2016, the combat strength of the Navy will be replenished with 18 surface warships of various ranks and designation, and also 30 special-purpose and counter-subversion vessels
The Indian Navy has requested Russia to substitute faulty parts on the leased nuclear-powered submarine, Nerpa, as they affect its operational readiness, according to local news reports. The Times of India, citing sources, reported that certain components needed replacement without going into specifics but added that they “were critical for the operations of the submarine”
General Dynamics Electric Boat has been awarded a U.S
Israel is looking to acquire thousands of GPS-guided weapons from the United States in a contract worth potentially $647 million. The sale will include a broad array of bombs ranging from 250 pounds to 2,000 pounds, according to a Pentagon statement
The Indian Navy will soon issue a global RFP for three new stealth submarines called Project 75 (I) (for India) after the Defense Acquisition Council gave its approval recently. This is a follow on acquisition to six Project Submarines under construction in India with technical help from DCNS, France called Project 75 submarines
As the Chinese navy continues to undergo rapid modernization with the induction of aircraft carriers, the Indian Navy’s ambitious procurement plans just got bigger. With a budget of $24
Russia's latest submarine, the Project 855 Severodvinsk, has successfully fired its first cruise missile at a land target during sea trials, according to local media reports. "The multi-role nuclear-powered submarine Severodvinsk fired a supersonic cruise missile at a land target for the first time during sea trials in the White Sea
The U.S Navy is likely to issue a draft request for proposal (RFP) for its nascent unmanned carrier-launched surveillance and strike (UCLASS) aircraft programme before the end of 2012
According to reports, Japan plans to develop an unmanned drone that could detect a nuclear missile attack namely from North Korean as well as counter China’s military buildup. Over the next four years, the defense ministry plans on spending $372 million to develop the aircraft, which would come into operation in 2020