Boeing has announced plans to invest in several Québec-based enterprises, including a $110 million anchor investment for an Aerospace Development Centre in the new Espace Aéro Innovation Zone. The investments are part of Boeing’s Industrial and Technological Benefits commitment to Canada for its selection of Boeing’s P-8A Poseidon to fulfill its long-term multi-mission aircraft role….
Elbit Systems have announced, further to the report in its Annual Report on Form 20-F for the year ended December 31, 2023, filed on March 28, 2024, that it was awarded a group of contracts in an aggregate amount of approximately $760 million for the supply of ammunitions to the Israeli Ministry of Defense (IMOD)….
Airbus has finalised the acquisition of U.S.-based Aerovel and its unmanned aerial system (UAS), Flexrotor, in a move to strengthen its portfolio of tactical unmanned solutions. Flexrotor is a small tactical unmanned aerial system designed for intelligence, surveillance, target acquisition and reconnaissance (ISTAR) missions at sea and over land. “We see more and more armed…
Dassault Falcon Jet has opened a new (maintenance, repair and overhaul) MRO facility at Sao Paulo, Brazil’s new Catarina Executive International Airport. The new complex, Dassault Falcon Jet Sao Paulo-Catarina, replaces the Sorocaba facility, which opened in 2009. Dassault Falcon Jet is a wholly-owned subsidiary of Dassault Aviation, Sao Paulo-Catarina offers nearly 40,000 square feet…
The US Army has awarded Lockheed Martin a $756 million contract to deliver additional capability for the nation’s ground-based hypersonic weapon system, the Long Range Hypersonic Weapon (LRHW). Under the new contract, Lockheed Martin will provide additional LRHW battery equipment, systems and software engineering support, and logistics solutions to the Army. LRHW will introduce a…
Fincantieri shipyard launched ceremony the Logistic Support Ship (LSS) ‘Atlante’, as part of the Italian Navy’s fleet renewal plan. The launching ceremony was held in the presence of the Navy’s Chief of Staff, Rear Admiral Enrico Credendino, who was welcomed by Fincantieri’s President, General Claudio Graziano, and the CEO and General Manager, Pierroberto Folgiero, and the…
Polling in the fifth phase of General Elections 2024 which commenced on 20th May 2024 simultaneously across 49 PCs recorded an approximate voter turnout of 57.47%. Voters came out in large numbers braving hot weather in many parts of the states that went for polls today. Polling was closed at 6 PM, but a large…
KEY FACTS Expansion of military business: Consolidated sales of Rheinmetall climb by 16% to around €1.6 billion Further significant increase in orders – Rheinmetall Nomination rises to around €4 billion Rheinmetall Backlog rises by 43% from €28.2 billion to €40.2 billion Operating earnings increase by 60% to €134 million Operating margin improves significantly to 8.5% Guidance for 2024 confirmed…
Global defence budget / military spending reached $2,443 billion in 2023, marking a significant 6.8 per cent increase from the previous year and the most significant year-on-year rise since 2009, according to new data from the Stockholm International Peace Research Institute (SIPRI). The average military spending per person was the highest since 1990, at $306….
Vice-President of India Shri Jagdeep Dhankhar will pay a visit to the Islamic Republic of Iran on 22 May 2024 to attend official ceremony to pay condolences on the tragic demise of H.E. President Dr. Seyyed Ebrahim Raisi, H.E. Foreign Minister Dr. Hossein Amir-Abdollahian and other Iranian officials in an unfortunate helicopter crash on 19…
