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
Australian former defence minister and Ambassador to the United States Kim Beazley has been appointed to the board of Lockheed Martin Australia. Beazley has backed the countrys decision to buy 72 F-35 fighter jets for $17 billion after joining the board of Lockheed Martin
The naval version of the Tor antiaircraft missile system may be developed in 2018-2019. The Russian Navy command shows interest in this project, Almaz-Antey said at the KADEX-2016 international weapons exhibition on Friday
Canada intends to buy F/A-18E/F Super Hornet fighter jets as an interim measure for replacement of their CF-18s before making a decision on F-35 fighters. Rather than a full replacement of the air forces aging CF-18 fighter fleet, its believed the purchase will be labelled an interim measure to fill what Defence Minister Harjit Sajjan is a pending “gap” in Canadas military capabilities,
Airbus has presented a 3D-printed unmanned aircraft, ‘THOR at the Berlin Airshow. Windowless, weighing in at just 21 kilos (46 pounds) and less than 4 meters (13 feet) long, the drone Thor – short for "Test of High-tech Objectives in Reality" – resembles a large, white model airplane, AFP reported Sunday
Delhi-based arms dealer Sanjay Bhandari has come under scanner once again after the media reports allege that he is also involved in financial crime related to Pilatus trainer aircraft deal. Investigators are probing what kind of services his company, the Offset India Solution Private Limited, had provided to Swiss aircraft major Pilatus, NDTV reported
MASA has delivered a completely customized version of its wargame with automated forces, SWORD, to the Bangladesh Army, in order to equip its Computerized War-Game Center (CWGC). The Bangladesh Army Training and Doctrine Command (ARTDOC) has chosen to employ SWORD for command post training from Battalion to Division level
India is planning to conclude the multi-billion dollar contract to procure 36 Rafale fighter aircraft from France by next month. "There is no reason why it should not be concluded in June
China intercepted an US surveillance plane in Chinese airspace near Hainan Province as per the treaty signed with US, a Chinese military spokesperson said. In response to the US accusation of two Chinese aircraft of performing unsafe maneuver when they intercepted the US surveillance plane while it was flying in the air space near Hainan Province, Senior Colonel Yang Yujun, spokesman for the Ministry of National Defense (MND) of the People's Republic of China (PRC) was quoted by
Airbus has confirmed the adverse scenario regarding the failure reducing engine A400M military plane, in which some crack gears in thrusters whose propellers rotate clockwise. This is, in two of the four engines fitted to the aircraft and the European consortium that manufactures Europrop