Defense Business

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Award of $4.3 million increase the Switchblade funded contract value to $63.8 million

Sea Ceptor

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MBDA has announced the selection of its Sea Ceptor naval air defense system by the Brazilian Navy. The weapon will provide local area air defence for the Brazilian next generation Tamandaré class corvettes.

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The Russian arms conglomerate "Kalashnikov" has partnered with distributors in Malaysia and Thailand as part of the group expansion into the Asia-Pacific region. Expansion into Asia-Pacific, Africa and Latin America will help neutralise the the negative impact of the US imposed sanctions

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The North Atlantic Treaty Organization (NATO) is establishing a multinational fleet of Multinational, Multi Role Tanker Transport Fleet (MMF), the acquisition of the fleet will be lead by the Netherlands. The decision followed the principal approval of ten European countries which signed the letter of intent to jointly purchase and operate the tanker fleet on November 2012.

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Following the forced divestment of its Swedish Kockums acquisition, The German industrial conglomerate ThyssenKrupp is seeking to divest the remaining assets related to submarine construction - under its Marine Systems (TKMS) business group

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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.

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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

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Rostec and AVIC have reached an agreement regarding strategic cooperation between the two companies, Addressing future joint projects in aircraft, helicopter, and engine...

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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.

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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.

FEATURED

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The first Tupolev Tu-160M Blackjack has completed its maiden flight after an avionic modernization that revamped the bombers' radar and avionic systems in the past two years. The aircraft is one of three undergoing the upgrade, under a contract worth RUR3.4 billion (US$103 million) awarded in 2013.

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Seoul plans to spend 40 billion won (US$36.5 million) buying three Heron I MALE drones from Israel. The drones will support the frontline corps along the northwestern border with North Korea