Raytheon Cloaks Sales of $14.1B in 2Q 2020, backlog at $158.7B

July 28, 2020 @ 12:22 PM

Raytheon Technologies has recorded $14.1 billion sales in the second quarter of 2020 while backlog stands at $158

Saudi Arabia to Launch "World Defense Show" in 2022

July 17, 2020 @ 10:20 AM

Saudi Arabia announced the launch of the World Defense Show-2022 as part of its plan to become a leading armaments producer in the Middle East. The inaugural edition is scheduled to take place between 6-9 March 2022 in Riyadh, and intends to rival the likes of competing events such as IDEX,...

Joint Military Bases, Silk Route Access to China In Return for Buying...

July 16, 2020 @ 12:40 PM

Details of a compressive Iran-China “quarter-century deal” in the making has emerged which will allow the setting of joint military bases, Beijing buying one billion barrels of Iranian Oil per day and ‘Silk Route trading initiative to pass through Iran. Military agreement: As part of the military agreement, joint military bases are...

Boeing Commercial Airplanes Delivery less than a Third of 2019

July 15, 2020 @ 06:38 AM

In its Second-Quarter delivery results announced Tuesday, planemaker Boeing put out bleak numbers. The company delivered 70 (Q2: 20) airplanes this year, down from 239 (Q2: 90) in 2019

China May Cut Rare Earth Material Supply to Lockheed Martin in Sanctions...

July 14, 2020 @ 05:20 PM

China is likely to cut-off material supply including rare earths to Lockheed Martin besides imposing restrictions on its Chinese suppliers as part of sanctions for selling arms to Taiwan. Chinese Foreign Ministry spokesperson Zhao Lijian said at a press conference on Tuesday that China had decided to impose sanctions on Lockheed...

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 on defense reforms – will provide equipment to support ongoing training programs and operational needs, a Pentagon release said

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

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

Cloud Signing Ceremony Kicks off AirShow China 2020

May 7, 2020 @ 07:08 PM

Chinas 13th China International Aviation and Aerospace Exhibition kicked off today with a ‘cloud signing ceremony where potential national and international exhibitors signed up for the event by video-conferencing. While most important aerospace events including the Farnborough International air show pulling the plug due to the COVID-19 pandemic this year, Airshow China has decided to go ahead and will be held from Nov