Kineco Kaman Awarded Major Export Contract from BAE Systems

Pilerne Goa based Kineco Kaman Composites India has been awarded a Rs. 100 Crores ($12.39 Mn) Contract from BAE Systems to manufacture and export fully assembled Mission Crew Workstations (“Consoles”) for the Boeing P-8 Poseidon Aircraft. The Boeing P-8 Poseidon is a long-range multi-mission patrol and reconnaissance aircraft regarded as one of the most capable aircraft in its class. The Indian…

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US approves Sale to the NATO Support and Procurement Agency of C-17 Aircraft Maintenance

The State Department of United States (US) has made a determination approving a possible Foreign Military Sale to the NATO Support and Procurement Agency (NSPA) of C-17 Aircraft Maintenance and related equipment. The estimated total cost is $150 million.  Notably, NSPA as Lead Nation has requested to buy contractor logistics support for the C-17 Strategic…

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Boeing Delivers First Orca Extra Large Uncrewed Undersea Vehicle to US Navy

Boeing has delivered the first Orca Extra Large Uncrewed Undersea Vehicle (XLUUV) to the U.S Navy following acceptance testing completion this month. The XLUUV, designated by the Navy as “Orca,” is a new class of autonomous submarine that can perform long duration critical missions to achieve undersea maritime dominance in changing environments and contested waters….

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Rheinmetall builds first Lynx KF41 Infantry Fighting Vehicle in Zalaegerszeg plant

Rheinmetall continues to expand Europe’s armoured vehicle production capacity. Following the opening of the Group’s production, development and test facility for armoured fighting vehicles in Zalaegerszeg, the first Lynx infantry fighting vehicle to be built in-country in Hungary has now rolled off the assembly line. It is currently undergoing commissioning.  Further, in mid 2024, following…

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Israel’s war with Hamas likely to cost it another $14 Bn in 2024; will result in near-tripling of its budget deficit

Israel’s war with Hamas in Gaza will likely cost it at least another 50 billion shekels ($14 billion) in 2024 and result in a near-tripling of its budget deficit, the Finance Ministry said Monday, projecting that fighting will last through February. Briefing lawmakers, the ministry’s deputy budget commissioner Itai Temkin said the war was expected…

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