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US Allocates $250M Ukraine Security Assistance Fund against ‘Russian aggression’
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...
France Speeds Up Aircraft Procurement to Revive Ailing Aerospace Industry
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 to Defer US Missile Purchase as Part of $225 Million...
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’s Defense Budget Doubles to $178.2B in a Decade
China has set aside 1.268 trillion yuan ($178
India to sign defense contracts valued below INR 200 Crore with local
The Indian Defense Ministry will sign contracts valued equal to or less than INR 200 crore ($23.4 million) with only local firms
India Announces Measures to Cut Defence Imports
India plans to strengthen its “Make in India” initiative by building its own military equipment and curbing imports, under its whopping $265.2 billion (INR 20 lakh crore) economic package
Cloud Signing Ceremony Kicks off AirShow China 2020
Chinas 13th China International Aviation and Aerospace Exhibition kicked off today with a ‘cloud signing ceremony where potential national and international exhibitors signed up for the event by video-conferencing. While most important aerospace events including the Farnborough International air show pulling the plug due to the COVID-19 pandemic this year, Airshow China has decided to go ahead and will be held from Nov
Raytheon Company Registers Order Backlog of $10.2B in Q1 2020, up 25%
Raytheon Company has reported a healthy order book with a book-to-bill ratio of 1.44 and backlogs at the end of first quarter 2020 valued at $51
Boeing to Raise $25 Billion in Bonds, Refuse US Government Aid
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 to 40 years, a Boeing statement said
Airbus Defence and Space’s Revenue in Q1 2020 is 7X lower than...
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 we are quickly seeing the impact of the COVID-19 pandemic coming through in the numbers
Saudi Arabia’s Defence Expenditure Fell 16% in 2019 Despite Yemen War
Saudi Arabia spent $61.9Billion on military expenditure in 2019 compared to 67
Three-Month Delay in US Defense Acquisition due to COVID-19
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
U.S.A.F. is Trying to Make Jet Fuel from CO2 in Air!...
Norwegian F-35A Jets to get Joint Strike Missiles
DRDO Tests High-Speed Expendable Aerial Target ABHYAS
S. Korean Destroyer Upgraded with Anti-Sub Capability
China’s CH-6 Killer Drone to Target America’s MQ-9A “Reaper” in Global Arms Market
Chinas CH-6 high altitude, long endurance, attack-reconnaissance drone unveiled at the Zhuhai air show this week will target the General...
Should the West be afraid of the Russian S-500 Air Defense System?
As though Russias S-400 air defense system (ADS) didnt give the West enough heebie-jeebies, the country has come up with...
U.S. Forcing U.A.E. to Abandon Huawei if it wants F-35 Jets
The United States could be using F-35 fighter jets as a leverage to force the United Arab Emirates (U
How Turkey's Bayraktar Drones Became an International Success
Turkeys Bayraktar TB2 Drones have become an international success over the past couple of years notching up sales in Poland,...
Gaza Conflict Casts Shadow over F-35 Jet Sale to UAE, Qatar
The United Arab Emirates (UAE)s $23 billion proposal to buy 50 F-35 fighter jets, MQ-9B attack drones, missiles and bombs–...
