France has offered to refund about 785 million euros ($865 million) besides re-export rights for cancelling the Mistral amphibious assault ship deal with Russia but the latter has demanded 1.163 billion euros ($1.32 billion).
Various Russian media reported this morning that that Paris had handed its proposals to Russia on ‘ways’ to terminate the contract for two Mistral-class helicopter carriers to the Russian Navy.
Moscow does not intend to issue a re-export permit before its full money is returned, the reports said. France and Russia had signed a $1.5 billion deal for the two ships and Russia has paid up $1.1 billion so far.
On April 22, French president Hollande said Paris would return Moscow's payment for the warships if the contract is terminated. There were subsequent reports that Paris want to sell the disputed ships to China or India.
Subsequently Paris denied the reports to resell the ships to third countries.
France has denied rumors of a possible sale of two Mistral-class amphibious assault ships to China. French Minister of Defense Jean-Yves Le Drian denied the wide spread speculation of possible arms sales to China after a joint news conference with US secretary of Defense Ash Carter at the Pentagon on Monday
Russia has started working on a helicopter carrier similar to the stalled French Mistral and is expected to join the forces in 2018, Tass reported last week. Russia recently displayed the layout of the ship similar to the French Mistral amphibious assault ship at the Army 2015 forum
The Ministry of Defense of France announced on Friday the successful testing of a new nuclear, air-launched cruise missile. The nuclear cruise missile weapon system, Air-Sol Moyenne Portée Amélioré (ASMPA; medium-range air to surface missile), by MBDA, is an enhanced variant of ASMP
DCNS on Friday delivered the FREMM multi-mission frigate Provence to the French Navy, as stipulated in the contract. The frigate is the second of the series ordered by OCCAR, Organization of Joint Armament that performs the project management for the multi-mission frigates intended for France and Italy
French-Russian talks on the amount of money that France has to return to Moscow for reneging on the Mistral helicopter carrier deal failed in May but are likely to resume later this month. A French delegation had arrived on May 28 and held talks with a Russian team
Russia is no longer interested in procuring of the two French made Mistral-class helicopter carrier warships and its only concern is in getting a compensation of 1.2 billion euro ($1
Despite opposition from Moscow, Ukraine's Ukroboronprom has decided to pitch for Indian contracts for the supply of components and repair of Russian-origin aircraft of the Indian Air Force, Director General Pavlo Bukin told Defenseworld.net in an interview.
Segments such as Network Centric Warfare, Radars, Weapon systems, Electronic Warfare & Avionics, Military Communications and Electro Optics are likely to drive the Companys growth in the future, says M V Gowtama, Chairman & Managing Director, Bharat Electronics Limited (BEL).
Yuri Slyusar, recently appointed President of Irkut Corporation, Russia commented on the structural changes in his organization and the impact this would have on future of the corporation and on important products of Russian aviation manufactured at the Irkutsk Aviation...
Rheinmetall Wins €100 Million Contract For Skyshield Air Defence Systems
Serbia Receives Four MiG-29 Fighter Jets From Belarus
Safran’s Ardiden 3C Helicopter Engine Gets EASA Certification
US CAATSA Sanctions on Russia to Affect Indian S-400 Triumf Purchase
India Eyes Increase in Tejas Jet Fighter Production Rate
US Army Orders Small-Caliber Ammunition Worth $115 Million
Details Revealed of Pakistani JF-17 Jet’s Phased Array Radar
US Approves Sale of 17 CH-47F Chinook Cargo Helicopters to Spain for...
One of the most interesting exhibits at the Dubai Air show 2017 occupies a corner in the Aviation Industries Corporation...
While investigators in India are following up on the money trial in the AgustaWestland VVIP helicopter scandal, the leads as...
With over 451 submarines in service worldwide, the global market of submarines fleet is expected to surge up to $100...
Amid the proliferation of real-time data from sources such as mobile devices, web, social media, sensors, log files and transactional...
Helmets for pilots and ground troops do much more than stopping bullets
As the role of Unmanned Aerial Vehicles (UAVs) expands from traditional low-resolution reconnaissance to high-res video and infra-red besides precision-attack,...