Lockheed Martin has been awarded additional a $4,123 million contract, as a modification to the F-35 program, for the production of 43 F-35s under the eighth Low Rate Initial Production (LRIP Lot VIII) lot of the F-35 Lightning II aircraft. The Pentagon claimed the cost of the current lot reflects a reduction of 3.6 percent over LRIP VII. More reductions will come into effect in the next batch of production.
The Eurofighter Typhoon will be equipped with Captor E - a new generation of electronically scanned radar to be produced by a consortium of European electronics companies lead by Selex, Indra and Airbus Defense and Space. The contract worth about 1 billion euro ( £800 million ) covers the development of the new, multi-tasking radar
Rostec and AVIC have reached an agreement regarding strategic cooperation between the two companies, Addressing future joint projects in aircraft, helicopter, and engine...
The Government of the Republic of Korea officially requested yesterday to cancel the KF-16 upgrading contract with BAE Systems Technology Solutions & Service of the USA. The contract worth $138 million was the lead part in a longer upgrading program covering the modernization of 134 Republic of Korea Air Force KF-16s. The contract was managed by the US Air Force under the U.S. Foreign Military Sales (FMS) procurement.
Israel’s Ministry of Defense (IMOD) decided to cancel the planned procurement of six Bell/Boeing V-22 tilt rotor aircraft. Available funding will be allocated to the procurement of a second batch of F-35s fifth generation stealth fighters. The cancellation represented another abrupt change in Israel's procurement plans, after the IMOD withdrew an international tended for four Offshore Patrol Boats weeks after distributing the $500 million tender to international shipbuilders.
The Israel Ministry of Defense has called off an international tender for the supply of four Offshore patrol Vessels for the Israel Navy after Germany said it will reconsider sharing the construction costs if the contract is handed to a German shipyard
Airbus Defense & Space and DCNS will jointly develop a shipborne unmanned helicopter to be seamlessly integrated into the ship’s combat system, extending the vessel's 'eyes and ears' into the sky.
The U.S. Department of Defense and Lockheed Martin have reached an agreement in principle for the production of 43 F-35 Lightning II joint strike fighter (JSF) aircraft. The buy includes 19 F-35As for the Air Force, six F-35Bs for the Marines and four F-35Cs for the Navy. Additional aircraft included are 10 F-35As for Israel (2), Japan (4), Norway (2)and Italy (2) as well as four F-35Bs for the UK.
The Saab group has signed today a contract with the Brazilian Federal Government covering the development and production of 36 Gripen NG fighter aircraft for the Brazilian Air Force. The total order value is approximately $5.4 billion (SEK 39.3 billion).
Oshkosh Corp. announced today it will lay off 250-300 hourly workers and about 70 salaried employees in December 2014 as part of its continued scaling back as a result of decreased military truck orders.