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.
The Raytheon Company has received a contract award from Israel's Rafael Advanced Defense Systems Ltd. valued at $149.3 million, to provide components for the Tamir interceptor used in the defensive Iron Dome Weapon System. The amount represents about two thirds of the special funding of $225 allocated by the US administration to replenish Israel's arsenal of Iron Dome interceptors, following Operation "Protective Edge" where Iron Dome systems intercepted over 735 rockets fired at Israel.
Brazilian aerospace company Embraer announced today it will coordinate all development and production activities in Brazil on behalf of Saab and, in addition to its own extensive work packages, will participate in systems development, integration, flight tests, final assembly and deliveries.
The three leading industry partners in the F-35 industry team have signed an agreement with the DOD to bring down the procurement cost of the F-35 Joint Strike Fighter (JSF) to the equivalent of today's 4th generation fighters by the turn of the decade
The first two Lavi advanced trainer M-346 produced for the Israeli Air Force (IAF) by the Italian company Alenia Aermacchi have been delivered yesterday to the Hatzerim Israeli Air Force Base in the Negev Desert.
Swedish CybAero lands order to deliver 70 systems of unmanned helicopters to China, over seven years, under a deal worth over US$100 Million
German armored vehicle manufacturer Krauss-Maffei Wegmann (KMW) and French government owned defense company Nexter Systems announced a planned merger under which the two companies plan to establish a strong Franco-German defense technology group.
Ankara has again delayed its selection of future missile defense system, extending the deadline for bids until August 30. While the Chinese FD-2000 system was selected as 'best offer', Integration issues with NATO and political pressure from Washington and Europe are making such deal unlikely
Nexter Systems announced today the establishment of an industry consortium with two Indian companies, to pursue the Indian Army Mounted Gun System (MGS) artillery program.
A new drone war has heating up in France, as authorities are gearing up for the long awaited Request for Proposal of the Système de Drones Tactiques (SDT) - 30 a tactical drone systems that would replace the Sperwer UAS by 2019.