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The German shipbuilder ThyssenKrupp Marine Systems (TKMS) has signed today a contract to build four patrol corvettes for the Israeli Navy. Israel will pay €315 million of the €430 million contract.
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
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
Russia has acknowledged an Egyptian request to procure a squadron of MiG-35 advanced fighter aircraft, to include up to 24 fighter jets at a cost of US$3 billion.
Singapore is likely to expand the missions and operational capabilities of its submarine force in the next decade, fielding large ocean going submarines with...