Embraer Buys Brazilian Cybersecurity firm, Tempest

July 1, 2020 @ 12:04 PM

Embraer today announced the signing of a contract for a majority investment in Brazilian Security Intelligence firm, Tempest. The largest cybersecurity company in Brazil, Tempest, positions itself as a provider of complete solutions for business protection in the digital world

Maxar to acquire Saab’s Shares in Vricon Geospatial-Intelligence Data and Software Provider...

June 24, 2020 @ 01:29 PM

Maxar Technologies has announced its intent to acquire Saabs shares in Vricon Inc., a fifty-fifty joint venture

Lockheed Appoints Jim Taiclet as President and CEO

June 15, 2020 @ 02:34 PM

Lockheed Martin appointed Gulf War veteran and pilot James D. Taiclet, 60, as president and CEO of the company, today

US Allocates $250M Ukraine Security Assistance Fund against ‘Russian aggression’

June 12, 2020 @ 02:14 AM

The US Department of Defense will allocate $250 million in Fiscal Year 2020 Ukraine Security Assistance Initiative (USAI) funds for additional training, equipment, and advisory efforts to enable Ukraines capacity to more effectively defend itself against ‘Russian aggression. The USAI funds – $125 million of which was conditional on Ukraines progress...

France Speeds Up Aircraft Procurement to Revive Ailing Aerospace Industry

June 10, 2020 @ 12:38 PM

France will accelerate procurement of drones, helicopters and tanker planes as part of a larger potential recovery plan to help aerospace industry cope with the economic crisis caused by COVID-19 outbreak. The announcement was made by French defense minister Florence Parly on Tuesday

South Korea to Defer US Missile Purchase as Part of $225 Million...

June 3, 2020 @ 10:46 AM

South Korea has decided to defer the purchase of US-made ship-to-air missiles worth 70 billion Won (US$57.5 million) as part of a 300 billion Won ($244

Germany's Thyssenkrupp to Acquire Oceana shipyard in Brazil

May 26, 2020 @ 10:06 AM

Germanys Thyssenkrupp Marine Systems has signed a contract to acquire the Oceana shipyard in Brazil (Itajaí, state of Santa Catarina). The seller is Aliança S

China’s Defense Budget Doubles to $178.2B in a Decade

May 22, 2020 @ 08:34 AM

China has set aside 1.268 trillion yuan ($178

India to sign defense contracts valued below INR 200 Crore with local

May 21, 2020 @ 07:08 AM

The Indian Defense Ministry will sign contracts valued equal to or less than INR 200 crore ($23.4 million) with only local firms

India Announces Measures to Cut Defence Imports

May 18, 2020 @ 12:56 PM

India plans to strengthen its “Make in India” initiative by building its own military equipment and curbing imports, under its whopping $265.2 billion (INR 20 lakh crore) economic package

German Naval Yards, Lürssen Announce Merger

May 14, 2020 @ 03:50 PM

German Naval Yards Kiel and Lürssen shipyards announced plans to form a joint venture on Thursday. Earlier this week, owners of both shipyards laid the foundation for a final JV agreement

Mitsubishi to Complete Acquisition of Bombardier's Regional Jet Division on June 1

May 8, 2020 @ 03:41 AM

Mitsubishi Heavy Industries (MHI) and Bombardier Inc. of Canada have agreed that all closing conditions have been met and the transaction pertaining to the acquisition of Canadair Regional Jet (CRJ) Program will close on June 1, 2020