Boeing has it said it is pleased with the response to its bond offering which began May 1, and is expected to raise $25 billion by Monday, May 4. The bond offering includes debt instruments with an aggregate principal amount of $25 billion across seven tranches with maturities ranging from three...
Airbus Defence and Spaces EBIT Adjusted results for the First Quarter (Q1) for this year stands at €15 million, or nearly seven times lower than in Q1 2019 when it was €101 million, owing to the COVID-19 pandemic. “We saw a solid start to the year both commercially and industrially but...
Saudi Arabia spent $61.9Billion on military expenditure in 2019 compared to 67
Major Pentagon defense acquisition programs as a whole will face about a three-month slowdown due to COVID-19 pandemic. “Of 10,509 major prime contractors, 106 are currently closed and 68 have closed and already reopened
The Royal Thai Navy has put its plan to acquire two Yuan Class S26T submarines from China on hold, after 33% of its budget was diverted to fund expenses caused by the COVID-19 crisis. The Navys budget was slashed by 4
The State Duma of the Russian Federation has recently adopted a law that limits the circle of persons who may possess information about state defense orders. The explanatory note states that the adoption of the bill is necessary to limit the circle of people who have information about the implementation of state defense order in the context of sanctions against Russia, the Russian MoDs news channel, tvzvezda
Naval Group has
The South Korean Finance Ministry has announced plans to direct $733 million (904.7 billion won) from this years $40
Turkeys major indigenous defence programs such as the Altay tank and the ATAK combat helicopter could face significant delays over denial of engine technology by European firms. While the Altay tank project is certain to miss a production deadline set for this year as the engine manufacturer, MTU of Germany has remained non-committal on supply after providing just 4 engines
Three Chinese companies; Aviation Industry Corporation of China (AVIC), China North Industries Group (NORINCO) and China Aerospace Science and Industry Corporation (CASIC) with combined revenue of $51.8 Billion have risen to the worlds top 10 Defence companies list compiled by US based publication, Defense News
In an attempt to bypass US sanctions on Russian entities mainly in defence and energy, Moscow has concluded an agreement with Beijing on switching to settlements in national currencies. A mechanism for mutual settlements is planned to be set up by 2020
Hindustan Aeronautics Limited (HAL) has manufactured 41 new aircraft, helicopters besides 98 new engines during fiscal 2018-19, according to a financial update issued by the company. In addition, HAL has carried out overhaul of 213 aircraft, helicopters and 540 engines