Arms deals that come with hefty price tags are being cancelled in growing numbers with governments preferring to procure weapons for lower costs or develop them indigenously. Earlier this year, India cancelled a $650 million deal with BAE Systems for the procurement of M-777 howitzers
Russia and Egypt have initialed arms contracts worth $3.5 billion, head of Russia's Federal Service for Military-Technical Cooperation, Alexander Fomin said Wednesday
Rheinmetall is showcasing a sampling of its products and projects at the African Aerospace & Defence (AAD), the company said in a statement. “Rheinmetall has for many years been a partner of South Africas armed forces and defence industry
Netherlands King Willem-Alexander announced an increase in defence spending Wednesday as a result of global conflicts including the downing the MH17 flight over Ukraine. The Dutch government will increase its defence spending by 100 million euros ($129 million) per year from 2015, the king said at his traditional opening of parliament speech, which this year marks the 200th anniversary of the Dutch kingdom
Lockheed Martin and Advanced Electronics Company (AEC) will establish a Sniper Advanced Targeting Pod(ATP) Expanded Repair Capability facility in the Kingdom of Saudi Arabia - the first Sniper support facility established outside the United States. Designed to support the Royal Saudi Air Force's (RSAF) Sniper ATPs, the Expanded Repair Capability facility will provide both affordability benefits and expedited repair times for the RSAF
Despite economic troubles and foreign sanctions, Russias military expenditures is expected to balloon in 2015 owning to a number of arms purchases. According to business news daily Vedomosti, military defense spending will rise in 2015 by 21
Airbus announced Tuesday plans to sell several subsidiaries from its defence division to focus on its core businesses of space activities, military planes and missiles, according to media reports. "Some business areas are identified as divestment candidates as they do not fit the strategic goals," the company said in a statement, citing budget troubles among key state clients
EU sanctions against Russian defence enterprise Rostec could lead to a loss of US$1 billion in the short term. This is owing to the use of European components in Rostec products exported to third countries, a Rostec statement said detailing the impact of fresh economic sanctions imposed against Russia last week
South Africas position in the global defence and aerospace industries will be in the spotlight at the inaugural Denel Aerospace and Defence Conference, which brings together military decision-makers, industry leaders, senior public servants and defence sector participants for intense discussions on the challenges and opportunities currently facing the industry. The Denel Aerospace, Maritime and Defence Conference, taking place in Centurion tomorrow, will feature senior speakers from the SA National Defence Force as well as top decision-makers in the global defence technology environment and government
The Kharkiv "Malyshev” plant has delivered another batch of military equipment to the ATO area. The order of Natshvardiyi tanks will arrive soon
The UK defence establishment could be significantly impacted if Scottish voters vote “yes” on the Sept. 18 referendum over independence from the UK
The Lockheed Martin Team's Joint Light Tactical Vehicle (JLTV) program successfully completed the government's Production Readiness Review (PRR) at the company's Camden, Arkansas, Ground Vehicle Assembly facility. During the PRR event, the team assembled a JLTV on its production line to further demonstrate production readiness
First 2300 ton Corvette for Pakistan Navy Launched by DAMEN Shipyard, Romania
Greek Navy Gets Modernised P-3B Maritime Surveillance Aircraft
Boeing Wins $164M To Modernize US Navy's Super Hornets
Indian Navy Conducts Co-operative Engagement Test with Barak Missile
Russian S-400 System Requires Friendly Aircraft Data to Identify Friend or Foe
India, UK Likely To Build HMS Queen Elizabeth-Type Supercarrier
Chinese Navy Retires 4 Destroyers Days after Commissioning 2 New Warships
High Price Of F-16 May Sway Bulgaria To Favour Eurofighter Typhoon Or...
Russian state-run Almaz-Antey has released additional data on its latest export-version of Buk-M3 Viking air defense missile system (ADMS)
The MiG-29, one of Russias most exported military jet has been upgraded in India that expands its capabilities from an...
Russian fifth generation fighter aircraft (FGFA) Su-57 will for the first time perform flights during the ARMY 2018 event near...
The American-made Patriot and Russian S-400 Triumf air defense systems are currently hogging international orders despite their price tags running...
The Russian ministry of defense on Thursday published a series of videos showcasing the production, deployment and installation and testing...
The market for fighter jets in countries which are expected to have open competitions is estimated at US$50 billion to...