Saab approved for 100% ownership of Carl-Gustaf manufacturing facility in India

Saab has secured approval from Indian authorities for 100% Foreign Direct Investment (FDI) for manufacturing the shoulder launched Carl-Gustaf weapon system in India. This is a milestone in Saab’s progress towards the establishment of a new manufacturing facility in India which will produce the latest generation of the Carl-Gustaf shoulder-launched weapon. Further, Saab will be…

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Rheinmetall to supply Ukraine with 32 Leopard 1 systems on behalf of German Govt.

The Ukrainian government has awarded Rheinmetall a contract for Leopard 1 systems, including 25 main battle tanks Leopard 1A5, five armoured recovery vehicles (Bergepanzer 2) and two driver training tanks. Noteworthy, the order, financed by Germany and worth a figure in the upper-two-digit million-euro range, also includes training, logistics, spare parts, maintenance and other support…

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War with Hamas to cost Israel above $50 Bn

Israel’s war with Hamas in the Gaza Strip will cost as much as 200 billion shekels ($51 billion), the Calcalist financial newspaper reported, citing preliminary Finance Ministry figures. Further, the Calcalist financial newspaper said the estimate, equal to 10% of gross domestic product, was premised on the war lasting between eight to 12 months; on…

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Lockheed Martin Opens $16.5 Mn Missile Defense Lab

Lockheed Martin has opened a $16.5 Million engineering facility at its Huntsville campus, introducing more capabilities for missile defense innovation in North Alabama. This facility is a Lockheed Martin capital project and provides evidence of Lockheed Martin’s investment in the Huntsville community, increasing opportunities for growth and advanced capability in North Alabama at the company’s Huntsville campus. Further, it is to be noted that the…

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