Hakan Buskhe, President and CEO of Saab aerospace and defence company, will be stepping down from the position and will be leaving the firm by February 2020. Hakan Buskhe assumed the role of President and CEO of Saab on September 1, 2010
China is demobilizing thousands of soldiers and officers and is deploying hundreds of troops to the border regions as part of the military reform, local media reports. The 81th Army Group of the PLA's Central Theater Command, based in Zhangjiakou city, Hebei Province, said that "military officers and soldiers responded shortly after receiving the order… more than 10,000 moved to other stations, thousands were demobilized; and hundreds were assigned to visit the border regions," according to a video shown on tv
The Chairman Chiefs of Staff Committee & Chief of the Naval Staff Admiral Sunil Lanba released ‘Joint Training Doctrine Indian Armed Forces – 2017 Tuesday. This key stone Doctrine will basically serve as a ‘foundation and ‘knowledge base from which specific Directives and Strategies will be issued by the Chairman Chiefs of Staff Committee to the HQ IDS and Service HQs to consolidate proven concepts, structures, mechanisms, capacities, capabilities, etc, from time to time
Saudi Arabian Military Industries (SAMI) today announced the appointment of its Chief Executive Officer, Dr Andreas Schwer, who was earlier the Chairman & President of Rheinmetall International and CEO of its Combat Systems Division. SAMI also announced the formation of its Board of Directors, chaired by H
Northrop Grumman is said to be nearing to buy Orbital ATK in a deal reportedly valued at an approximate $7.5 billion
The US Department of Defence has broken down the office of the undersecretary of defense for acquisition, technology and logistics into two entities, each headed by an undersecretary -one for research and engineering and the other for acquisition and sustainment. The change is designed to make military capabilities more lethal, encourage partnerships within the department and with allied nations and to ensure acquisition processes fulfil the needs of service members now and in the future, Deputy Defense Secretary Pat Shanahan said on August 2 in an article posted on the US DoD website
Kelvin Hughes is acquired by HENSOLDT (formerly Airbus Defence Electronics) as a result of an agreement by its owners ECI Partners to sell its investment in the company. Completion of the transaction remains subject to regulatory clearances
Thales has acquired a real-time Big Data analytics provider, Guavus, under a definitive agreement announced today. The acquisition of Guavus follows several acquisitions in the fields of connectivity, mobility and cyber security, and strengthens Thales's positioning in one of the key technologies at the heart of digital transformation, the processing and predictive analysis of “big data”, an increasingly critical factor in real-time decision-making, the company press release says
South Korean Hyundai Heavy Industries (HHI) shareholders have approved a plan to split the company into six separate entities from April this year despite objections from the company's union employees. The shareholder motion splits the world's largest shipbuilder into six separate companies – a shipbuilding entity, plus five independent firms derived from the conglomerate's electronics, robotics, services, alternative energy and construction equipment divisions
FLIR Systems announced Wednesday that it has acquired Norwegian micro-unmanned aerial vehicle (UAV) manufacturer Prox Dynamics. According to a press release, the transaction is valued at USD134 million in cash
Rheinmetall, which is repositioning itself under the name ONE Rheinmetall, has mapped out a strategy program that will integrate Automotive and Defence sector into even more efficient union. The aim is to optimize cooperation between the two sectors, generally enhance group effectiveness in its areas of business, generate growth, and expand market shares, the company announced thursday
Finnish state owned company Patria announced a plan to privatize a portion of the company by selling it to Kongsberg, a partially state-owned defense company in Norway. "The competition authorities have granted their approval concerning sale by State of Finland of 49
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