Indian Defence Minister Rajnath Singh announced embargo on import of 101 types of military equipment in an attempt to develop and promote indigenous weapons. "The Ministry of Defence is now ready for a big push to Atmanirbhar Bharat initiative
Russia has sought permission to establish military bases in 6 African countries- Egypt, the Central African Republic, Eritrea, Madagascar, Mozambique, and Sudan. Germanys Bild newspaper reported quoting German Foreign Ministry documents on August 4, that Russia had concluded military cooperation agreements with 21 African countries since 2015, while it had cooperation...
India has proposed leasing of military equipment in its revised draft of Defence Acquisition Procedure (DAP) 2020, that may enable the military to possess and operate costly platforms required for a limited period. Leasing was introduced as another category for acquisition in addition to the existing ‘Buy and ‘Make acquisition...
Raytheon Technologies has recorded $14.1 billion sales in the second quarter of 2020 while backlog stands at $158
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,...
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 planned around the Persian Gulf and the Sea of Oman, Tehran and Beijing will allow one anothers ships and aircraft to refuel and dock at each others airports and ports
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 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 Martin
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 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 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 has set aside 1.268 trillion yuan ($178