IFS, Tech Mahindra to Enable $54 Million Software Project for HAL

January 23, 2021 @ 03:23 AM

Enterprise software company, IFS has signed a contract with Tech Mahindra, the prime contractor for Hindustan Aeronautics Limited (HAL), to enable HALs Project Parivartan Program, a US$ 54 million (Rs 400 crore) software project. The ERP solution from IFS will support business-critical processes, including maintenance, repair, overhaul (MRO), manufacturing, supply chain...

Turkey Targets $10 Billion in Defense Exports by 2023

January 22, 2021 @ 12:33 PM

By 2023 Turkeys defense industry targets $27 billion in turnover, $10 billion in exports and employment for approximately 80,000 people, according to Ismail Demir, the chairperson of the Presidency of the Defense Industries (SSB). In comparison, current Turkish defense exports total $3 billion and turnover is $12 billion

Bharat Electronics Exports $48.6M during FY 2019-20

January 21, 2021 @ 08:11 AM

Indias Bharat Electronics Limited (BEL) has exported nearly $48.6 million (INR 354

Russia Establishes Consortium to Develop New-Gen Nuclear Energy Tech

January 17, 2021 @ 03:54 AM

A consortium consisting of nine Russian research centers and universities has been created to develop new generation nuclear power technologies. Projects to be undertaken by the consortium includes developing nuclear fuel cycle facilities, fast reactors, new materials for energy technologies of the future and innovative nuclear power plant projects

Rostec Registers $24.3B Export Revenue in 2020

January 9, 2021 @ 05:44 AM

Sergei Chemezov, CEO of Rostec State Corporation, has said that the company has delivered $24.3 billion worth of goods last year of which $13 billion were military equipment

U. S. Senate Out-votes Trump Veto of $741B Defense Bill

January 2, 2021 @ 09:33 AM

The Senate voted to override U.S

Europe’s SEA Defence Project Kicks Off Officially

December 18, 2020 @ 10:05 AM

The Netherlands-led consortium for European Defense Industrial Development Programme (EDIDP)-funded SEA Defence project announced its official start on Thursday. The European Commission (EC) selected the SEA Defence project in June 2019

U.S. Sanctions: Turkey Refuses to Abandon S-400, Deals with Pakistan Could be...

December 17, 2020 @ 01:06 PM

Turkey today refused to back down on using its S-400 air defense systems (ADS) even as the United States announced sanctions again the countrys defense agency, and the denial of permission to export defense goods made with U.S

S.Korea’s Hanwha Signs Joint Defense Research Agreement with U.S. Army...

December 16, 2020 @ 06:25 AM

South Koreas Hanwha became the first Korean enterprise to seal an agreement with the U.S

Chinese Analysts Question SIPRI data, Say China not World’s Second Biggest Arms...

December 10, 2020 @ 05:31 AM

Calling China the second-largest arms seller is an overestimation and reinforces the “false assertion” of the so-called “China threat,” a Chinese military commentator said questioning a latest arms sales report by the Stockholm International Peace Research Institute (SIPRI). The December 6 report compiling sales data of 25 largest global arms companies for which data isavailable totaled US$361 billion last year, an 8

Paris Air Show 2021 Cancelled over COVID Fears

December 7, 2020 @ 03:21 PM

French Aerospace Industries Association (GIFAS) and Paris Air Show organization cancelled the 2021 edition of the show scheduled to take place from June 21-27 next year, to curb the spread of the COVID-19 virus. The next edition of the