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Saab Dissolves Security and Defence Solutions Biz

October 23, 2015 @ 12:16 PM

Saab today announced the dissolution of its Security and Defence Solutions unit as part of a restructuring of its business units starting January 2016. A company statement said that Saab expects organic sales growth in 2015

Airbus Names Siemens Executive As Head Of Its Defense And Space Division

October 20, 2015 @ 02:25 PM

Siemens executive Dirk Hoke is the next head of Airbus Defense and Space division. Hoke will join Airbus group in January and will take over as the head from Bernhard Gerwert whois due to retire in mid-2016, Airbus said in a statement Tuesday

CAE Acquires Bombardier’s Canadian Military Aviation Training Base

October 2, 2015 @ 12:11 PM

CAE has closed the acquisition of Bombardier's Military Aviation Training business for Canadian $19.8 million

Subversive Capital Acquires AeroVironment's CybAero Holding

September 17, 2015 @ 09:14 AM

Subversive Capital has acquired the remainder of AeroVironment's CybAero holding. "We are delighted that Subversive Capital decided to become a major shareholder of CybAero and we look forward to working closely with them," said CybAero CEO Mikael Hult in a statement Thrusday

South Korea, Philippines Sign Pact To Protect Classified Military Information

September 15, 2015 @ 06:29 AM

South Korea and the Philippines on Monday signed a pact to protect classified military information in a bid to exchange military intelligence. South Korean Defense Minister Han Min-koo and his Filipino counterpart Secretary Voltaire Gazmin signed the deal in Manila following their talks, according to Seouls defense ministry statement,...

Guillaume Steuer Appointed As Airbus Helicopters' Head Of External Communications

September 2, 2015 @ 12:42 PM

Airbus Helicopters has appointed Guillaume Steuer as Head of External Communications. From today onwards, Guillaume Steuer reports to Vice President of Corporate Communications Yves Barillé and manages all external communications activities for Airbus Helicopters, the company announced Tuesday

Singapore Armed Forces Get New Chief of Defence Force

August 19, 2015 @ 10:09 AM

Major-General (MG) Perry Lim took over as the Chief of Defence Force (CDF) of the Singapore Armed Forces yesterday at a Change of Command Parade held at the SAFTI Military Institute. Witnessed by Minister for Defence Dr Ng Eng Hen, MG Perry Lim, the former Chief of Army (COA), received the command symbol from the outgoing CDF Lieutenant-General (LG) Ng Chee Meng

Singapore Appoints Major-General Perry Lim Cheng Yeow As New Chief Of Defense...

July 31, 2015 @ 02:48 PM

Singapore has appointed Major-General Perry Lim Cheng Yeow, Chief of Army as a new chief of Defense Forces. From 18th August, MG Lim will succeed Lieutenant-General (LG) Ng Chee Meng, the Singapore Defense Forces announced Today

Nexter Systems and Krauss‐Maffei Wegmann (KMW) merger agreement signed

July 29, 2015 @ 07:34 PM

Nexter Systems and Krauss‐Maffei Wegmann today signed an agreement to merge into a Franco‐German defence technology group with a 2 billion euro turnover, 9 billion euro order book and over 6,000 employees. Nexter and its owners view this step as decisive for the consolidation of the defence technology industry in Europe

North Korea Grants Amnesty to Political Prisoners

July 14, 2015 @ 08:16 AM

The North Korean government has decided to grant amnesty to persons convicted of ‘crimes against the country and its people. The amnesty was granted on the occasion of the 70 anniversaries of Korea's liberation and the founding of the Workers' Party of Korea, an announcement about the unusual move was posted today on the website of the official news agency of North Korea

Andy Jazwick Appointed Vice President Of CAE Defense And Security

July 9, 2015 @ 03:44 PM

CAE today has appointed Andrew Jazwick as Vice President, Washington Operations for its Defense and Security business unit. The company announced today that in this new position, Jazwick will serve as the senior executive for CAE Defense and Security in Washington, DC and have responsibility for all CAE worldwide efforts involving the greater Washington, DC area

Finmeccanica Re-negotiates Five-Year Revolving Credit Facility

July 6, 2015 @ 04:15 PM

Finmeccanica has renegotiated the five-year revolving credit Facility that envisages the payment of a spread of 100bp above Euribor, 80bp less than the previous conditions. The size was also reduced to 2 billion euro, compared to the former 2

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