Russia has $15 Billion Defense Order Backlog with India: Russian FSMTC

August 24, 2020 @ 08:02 AM

Russian defense industry is presently committed to ship $15 billion worth of military equipment to India and expects another contract for Igla-S MANPADS soon. “Everything is going smoothly with Indian partners

China, India Among Top 5 Defense Spenders in 2020

August 18, 2020 @ 04:52 PM

China and India have earned a place in the list of top countries with highest defense spending in the world this year. While China lost the first spot to the United States with an annual spending of $237 billion, India bagged the fourth place with $67 billion

Will Normalization of Ties Open up the UAE Arms Market to Israel?

August 13, 2020 @ 05:59 PM

The surprise announcement from the White House of a Trump-brokered normalization of ties between the United Arab Emirates (UAE) and Israel holds the promise of opening up Abu Dhabhis arms market to Israeli firms. As per normalization of relations detailed in the announcement, “delegations from Israel and the United Arab Emirates...

South Korea to Develop Iron Dome-like Air Defense System

August 10, 2020 @ 12:12 PM

The South Korean Defense Ministry in its defense blueprint for 2021-25 published Monday revealed plans to develop a Korean version of the Israeli Iron Dome interceptor in the next five years. "When we talk about South Korea's missile defense system, it usually refers to one targeting North Korea's Scud-type or stronger...

India to Implement Ban on Import of Transport Aircraft, Light Combat Helicopters,...

August 9, 2020 @ 05:37 AM

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 seeks to Establish Military Bases in 6 African Nations

August 4, 2020 @ 06:31 PM

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 agreements with only four countries in Africa before that date

Indian Defence Ministry Proposes Leasing of Military Equipment

August 4, 2020 @ 06:59 AM

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 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, Abu Dhabi and Dubai Air show

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 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

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 Martin