Saab has signed a new framework contract with the USSOCOM for the companys Carl-Gustaf man-portable weapon system.The contract is a follow on agreement to a previous 5 year contract for the 84mm recoilless rifle system
China may supply components required for Russias defence industry following US and EU sanctions against Russia. Although Russia does not buy many weapons from foreign sources it does procure a lot of electronic and mechanical components to be used in its weapons systems
Finmeccanica and its subsidiaries will be allowed to continue doing business in India and will not face blacklisting, according to a report published by India Today magazine. The Indian government has placed conditions, which will disallow the company from getting any new order where there is another vendor option, the report said
Bulgaria has announced a $680 million program to upgrade its weapons in an effort to minimize its dependency on Russia by 2020. Defense Minister Velizar Shalamanov said that the ministry aims to ensure that Bulgarias defense industry takes part in the designed program
Japan has adopted a new strategy which calls for collaboration with other nations in procurement of weaponry and improved capability to monitor and defend the nations outlying regions, according to Asahi Shimbum website. The previous basic policy, set in 1970, stipulated the Self-Defense Forces to use arms developed by Japanese companies to boost domestic defense contractors
Indias newly appointed Defense Minister Arun Jaitley has inherited the task of deciding whether or not to raise the foreign direct investment (FDI) level in the defence sector from 26 per cent to 49 per cent. Jaitley, who is also the Finance Minister, would find it easier to address the FDI issue which is not merely a MoD matter but one which concerns the finance and industries ministries as well
General Dynamics today reported first-quarter 2014 net earnings of $595 million, or $1.71 per share on a diluted basis, compared to 2013 first-quarter net earnings of $571 million, or$1
SAAB is looking to broaden its presence in the Middle East by taking on more collaborations and local partnerships, a senior executive told Defenseworld.net
Boeing and the U.S
BMT Isis has won a contract to support U.K
Exelis will showcase geospatial intelligence, networked communications and situational awareness at the 2013 DSEI Conference in London on Sept. 10-13
U.S President Barack Obama on Thursday approved strict rules for drones strikes against terror suspects abroad thus laying out a standard for using “lethal force” outside warzones
Germany to Modernize Army’s NH90 Flight Simulators
BAE Systems’ Solar-Powered Maritime Surveillance Drone Makes First Flight
DARPA to Begin Work on “Gunslinger” Missile & Gun System in 2021
India finalises $5.46B deal for 83 Tejas Jets
Russian Navy Amassing Battleships in Mediterranean
Indonesia Seeks Rafale Jets, Submarines, Warships in Defence Cooperation Deal with France
Sea Ceptor Supersonic Missile Defence System Offered to Indian Navy
GA-ASI Demos Multi-Domain Operations Using Gray Eagle ER Drone
Several joint production and direct procurement programs could be halted if the US and Europe carry through with their threat...
Sanctions-hit Iran has found ingenious ways to develop military hardware
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...