Finmeccanica SpA announced on Tuesday that it narrowed its loss in the fourth quarter to $1.22 billion on flat revenue after it initiated a major restructuring of its operations to cut costs, improve efficiency and reduce losses
The U.S and Israel today announced what they called a “a significant step in U
The US Department of Defense on Thursday announced it plans to circumnavigate a Congressional prohibition to purchase 30 helicopters worth $690 million from Rosoboronexport despite allegations that the firm armed the Syrian government in its on-going conflict with rebels. “The Department of Defense (DOD) has notified Congress of its intent to contract with Rosoboronexport for 30 additional Mi-17 rotary-wing aircraft to support the Afghanistan National Security Forces (ANSF) Special Mission Wing,” Pentagon spokesman James Gregory told RIA Novosti
HAL and BAE Systems could think of working on news projects in 17 countries where BAE Systems has a presence. This was the message brought by BAE Systems Chairman, Mr
Malaysian defence procurement is expected to perk up starting this year following a military operation against terrorists in the Sabah region and the governments focus on renewed modernization. Prime Minister Datuk Seri Najib Abdul Razak, who opened the 12th Langkawi International Maritime and Aerospace Exhibition (LIMA 2013) in Lankagwi island hinted that procurement might see an upward trend
AgustaWestland which is being accused of changing the specs of its AW109 helicopter to be included in a contract to supply VVIP helicopters in India is being similarly charged in Malta. Its competitor, Eurocopter has charged that AgustaWestland with corruption in a Euro58 million contract for the procurement of up to three helicopters for the Maltese Armed Forces
The second edition of the Security and Defence Exhibition (SDE) in Baghdad this week saw some 54 companies from 13 countries hawking their wares to an Iraqi government which has seen the nations military might devastated over the past 10 years. All are eyeing the estimated $16
The U.S Air Force has awarded Embraer a contract worth $427 million for the supply of 20 AT-29 Super Tucano aircraft after a long-winded competition with Hawker Beechcraft Corp
In what appears to be a response to the Indian bribery allegations, Finmeccanica has nominated Daniele Romiti as Chief Executive Officer of AgustaWestland N.V
Executives from Irkut Corporation of Russia held talks with the Indian Air Force (IAF) chief, NAK Browne and other IAF brass at Aero India 2013 here on upgrading the Sukhoi-30 MKI fighter plane to the next generation model, dubbed as ‘Super Sukhoi'.The most significant aspect of the upgrade will be installation of an Active Electronically Scanned Array(AESA) radar, weapons, avionics, new cockpit and fire control systems