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Pakistan Exhibits JF-17 Jet, Al-Khalid Tank in Iraqi Defense Exhibition

April 7, 2021 @ 08:39 AM

Pakistan exhibited models of its JF-17 fighter jet, Al-Khalid battle tank, Takbir precision munition and Azmat-class missile boat among other defense hardware in the Iraqi capital Baghdad. This is the first ever exhibition of Pakistani defense goods in Iraq which is one of the main buyers of military hardware after the...

Elbit Systems of America Acquires ‘Sparton’ Undersea Warfare Systems Manufacturer

April 6, 2021 @ 10:47 AM

Elbit Systems of America announced today that it has completed the acquisition of Sparton Corporation (“Sparton”) from an affiliate of Cerberus Capital Management, L.P

Elbit Systems Buys BAE’s Rokar GPS Solutions Business

April 2, 2021 @ 06:19 AM

Elbit Systems said on Thursday that it has acquired BAE Systems Rokar for $31 million. Rokar International Ltd

Australia Launches $761M Missile Project

March 31, 2021 @ 08:14 AM

Australia is liaising with the United States to build its own guided missiles under a $761 million (A$1 billion) ten-year long project. “Creating our own sovereign capability on Australian soil is essential to keep Australians safe,” Prime Minister Scott Morrison said while launching the project on Wednesday

European Union Creates €5B Fund to Finance Overseas Military Ops

March 23, 2021 @ 05:34 AM

The European Union (EU) announced on Monday that it has established European Peace Facility (EPF) an off-budget fund worth ~€5 billion for the period 2021-2027 to finance military operations abroad. The new financial instrument will cover all of EUs external actions that have military or defence implications under the Common Foreign...

Russian UAC, Sukhoi, MiG to Merge Aircraft Design, Program Management

March 19, 2021 @ 11:15 AM

Rostec State Corporation (Rostec) will unite United Aircraft Corporation (UAC) UAC, Sukhoi and MiG companies into a single corporate aircraft manufacturing center, which will consolidate the management of aircraft programs and other UAC assets. The UAC Corporate Aircraft Center, where Sukhoi and MiG will join, will consolidate the functions of managing aircraft programs, and will also become the managing organization for Tupolev, Ilyushin and the Irkut corporation as well, a Rostec release said

India Not Going to Sign Defense Cooperation Deal with U.S.-Pentagon

March 16, 2021 @ 10:50 AM

The Pentagon has said that India wont sign any defense cooperation deal with the United States anytime soon. "India is not going to sign a mutual defense treaty with us any time soon, but they are a major defense partner of the United States and they are trying to become more interoperable with the U

Israel Aerospace Signs MoU with U.A.E.’s EDGE to Develop Anti-Drone Systems...

March 11, 2021 @ 08:36 AM

Israel Aerospace Industries (IAI) today announced that it has signed an agreement with U.A

CAE to Acquire L3Harris Technologies' Military Training Business for $1B

March 1, 2021 @ 02:26 PM

CAE today announced it will acquire L3Harris Technologies' Military Training business for $1.05 billion

U.S. Grants $9M-Worth Military Equipment to Greece

February 26, 2021 @ 10:57 AM

The U.S

AeroVironment Acquires Artificial Intelligence Specialist, Intelligent Systems Group for $30M

February 26, 2021 @ 08:17 AM

AeroVironment said it acquired Progeny Systems Corporations Intelligent Systems Group (ISG) for $30 million earlier this week. Under the terms of the transaction, AeroVironment acquired ISG for $30 million in cash and an earnout for Progeny Systems Corporation of up to $6 million over three years, based on the achievement of specific performance targets

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