The United States government is planning a new financing option to enable its allies and partners buy American weapons as part of the Trump administrations goal of enabling defense contractors grow their sales. The US administration had liberalized the sale of unmanned aerial systems in April this year and plans further initiatives to counter competition from China, Israel and Russia among others, participants at a Center for Strategic and International Studies (CSIS) event in Washington on Wednesday said
The 28-member European Union spent €200 billion ($222 billion) on defence in 2016, the same figure as in 2015, Eurostat announced Friday. The EU, most of whose members share NATO membership with the United States are under pressure from Washington to increase military spending and buy more American arms
China has become the world's second biggest military spender behind the United States relegating Saudi Arabia and India to third and fourth place respectively according to a new report by the Swedish International Peace Research Institute (SIPRI) which compiles global arms procurement data. China increased its military spending by 5
French President Emmanuel Macron has pledged to increase the defence spending by 1.8 billion euros ($2
South Korean companies recorded a 20.6% increase in arms sales during 2016 compared to a year ago leading a pack of the Stockholm International Peace Research Institute (SIPRI)s ‘emerging producers category which covers companies based in Brazil, India, South Korea and Turkey
The aerospace and defense technology company Calidus, based in Abu Dhabi, UAE, has selected IFS Applications as its core solution to manage key company operations and manufacturing projects. The IFS solution includes Finance, HR, Supply Chain, Project and Document Management modules to support the development of all major Calidus projects, including the manufacturing of the new B-250 light attack aircraft which is currently being unveiled at the Dubai Airshow, November 12th-16th, the Swedish firm IFS announced in a press release Tuesday
Israeli companies need not obtain a marketing license for certain cyber and electro-optic systems and tools, and security and anti-terrorism warfare education, according to changes in the defence export policy proposed by the countrys Ministry of Defence (MoD). The MoD will significantly shorten the list of products whose overseas marketing requires prior approval from the Defense Export Controls Agency (DECA)
The US Statement Department on Thursday turned over a list containing over a dozen Russian-defense and intelligence entities to Congress for implementation of new sanctions against Moscow. The
The Indian government has approved a 10% stake sale in state-run Hindustan Aeronautics Limited (HAL), a 77-year-old company headquartered in South India, through an initial public offering. HAL had filed a draft proposal with the Securities and Exchange Board of India on September 29 for an initial share sale, as the government finally decided to take the state-owned aerospace and defence firm public after moving back and forth on its plans for five years
The Applied Research Laboratory University of Texas at Austin is being awarded a $458 million contract for research, development, engineering and test and evaluation for programs throughout the Department of Defense (DoD). This contract provides research and development in the core competency areas approved by the DoD for University of Texas at Austin, which include engineering, research, design development and test and evaluation of acoustics, navigation, command and control and warfare systems, US DoD said in a statement Wednesday
The export portfolio of Russian state arms exporter Rosoboronexport has reached $44 billion as of September 2017, head of Russias state technologies corporation Rostec Sergey Chemezov said. "Total supplies through Rosoboronexport reached more than twofold over the last decade, from 6 to almost 13 bln US Dollars
Chinas top science authorities published a five-year term plan to integrate innovative military and civilian technologies to explore cost-effective solutions in the science and technology sector. Jointly issued by Chinas Ministry of Science and Technology and the Science and Technology Commission of the Central Military Commission, the plan is to build new research units and think tanks on cutting-edge science projects, ranging from manned-space missions to navigation satellite systems to supercomputers, local media reports
Boeing Invests in High-Speed Metal 3D Printing Company Digital Alloys
BAE Systems To Develop Automated Cyber Defense Tools For DARPA
Israel Aerospace Plans VC Fund to Invest in Five Startups Annually
China Commissions L-15 Advanced Trainer Jet for Naval Pilots' Training
Turkey’s First Indigenous Aircraft Carrier To Be Ready in 2021
US to Exempt India, Indonesia and Vietnam from CAATSA Sanctions
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The market for fighter jets in countries which are expected to have open competitions is estimated at US$50 billion to...
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