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Airbus said on Tuesday it had finalised the sale of its Germany-based Defense Electronics business to global investment firm KKR (KKR.N), following a series of approvals, including a green light from the German government. The unit, which will be renamed Hensoldt, is headquartered in Ottobrunn, Germany, generates annual revenues of…

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Lockheed Martin Corp has won a $1.06 billion contract for logistics support and sustainment services for F-35 Lightning II aircraft, the Pentagon said in a statement on Tuesday. Lockheed Martin was also awarded a $427 million modification to a contract for Hellfire II missiles, the statement said. It also said…

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NASA will pay Boeing Co up to $373.5 million for rides to fly up to five astronauts to the International Space Station aboard Russian Soyuz capsules, the U.S. space agency said on Tuesday. The extra rides will allow the National Aeronautics and Space Administration to add a fourth U.S. astronaut…

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Raytheon Company and the U.S. Air Force validated performance of an upgraded navigation system for the Miniature Air Launched Decoy-Jammer (MALD-J) in six flight tests from B-52 and F-16 aircraft at White Sands Missile Range, N.M. The system upgrade, designated as GAINS II (GPS Aided Inertial Navigation System), includes an…

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The board of an affiliate of South Korea's Lotte Group approved a land swap with the government on Monday that will enable authorities to deploy a controversial U.S. missile defence system, the defence ministry said. The government decided last year to deploy the U.S. Terminal High Altitude Area Defence (THAAD)…

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An undisclosed buyer has placed the largest overseas order for China's home-developed military drones, the Xinhua news agency has reported, in a boost for the Chinese arms industry's efforts to increase export volumes. The order for the Wing Loong II was placed before the next-generation unmanned aerial vehicle (UAV) successfully…

Tuesday, Feb 28, 2017
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Iran on Monday successfully tested an advanced indigenously-made guided missile system during ongoing military manoeuvres staged by the Navy in waters south of the country. Dehlaviyeh, laser-guided anti-ship missiles, was first tested to destroy simulated hostile targets, according to Iran's news agency Tasnim. The latest Iranian cruise missile, dubbed Nasir,…

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A Rs 17,000 crore deal has been cleared by the government for jointly developing with Israel a medium-range surface-to-air missile for the army, reflecting India's fast growing defence ties with the Jewish nation. The project will be implemented by the DRDO (Defence Research and Development Organisation)and and Israeli Aircraft Industry…

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Raytheon Co., Woburn, Massachusetts, has been awarded a $1,066,297,129 fixed-price, incentive-firm letter contract for a Qatar early warning radar system. Contractor will provide an early warning radar system that will be integrated into the Qatar integrated air and missile defense enterprise. Work will be performed at Woburn, Massachusetts, and is…

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Boeing Co said it would invest 20 million pounds ($24.98 million) to open its first production facility in Europe to make components for certain aircraft. The 25,000 square feet facility in Sheffield, UK will make actuators for Boeing's next-generation 737, 737 MAX and 777 aircraft, the company said. Actuation systems…