Boeing to Raise $25 Billion in Bonds, Refuse US Government Aid

May 4, 2020 @ 10:08 AM

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 Space’s Revenue in Q1 2020 is 7X lower than...

April 29, 2020 @ 10:12 AM

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’s Defence Expenditure Fell 16% in 2019 Despite Yemen War

April 27, 2020 @ 06:25 PM

Saudi Arabia spent $61.9Billion on military expenditure in 2019 compared to 67

Three-Month Delay in US Defense Acquisition due to COVID-19

April 21, 2020 @ 08:24 AM

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

Thailand Delays Chinese Submarine Deal Over Coronavirus-forced 33% Budget Cut

April 20, 2020 @ 11:46 AM

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

New Russian Law Tightens Secrecy Around Defence Orders to Avoid US, EU...

April 17, 2020 @ 11:21 AM

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 Reveals Cost-cutting Measures due to COVID-19

April 17, 2020 @ 06:11 AM

Naval Group has

S Korea Slashes Defense Budget by $733M to Fund COVID-19 Expenses

April 16, 2020 @ 01:24 PM

The South Korean Finance Ministry has announced plans to direct $733 million (904.7 billion won) from this years $40

Turkey’s Altay Tank, ATAK Helicopter Held up Due to Engine Non-availability

January 9, 2020 @ 09:45 AM

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 Make it to 2018’s Top 10 Defence Manufacturers’ List

July 24, 2019 @ 10:31 AM

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

China, Russia Take First Steps Towards Dollar-less Trade

July 3, 2019 @ 11:37 AM

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

HAL Manufactures 41 Aircraft, Helicopters in Fiscal 2018-19

April 1, 2019 @ 02:04 PM

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