• Bharati Shipyard changes name to reflect defence push

    India's Bharati Shipyard Limited has agreed to change its name to Bharati Defence and Infrastructure Limited, the company has announced. In a filing to the Bombay Stock Exchange the company said the name change was approved unanimously by its board of directors in a meeting on 31 July. The name

  • Elbit announces more DIRCM sales

    Israel's Elbit Systems announced on 3 August that it had received two more orders for its MUSIC family of directed infrared countermeasures (DIRCM) systems to protect aircraft against man-portable air-defence systems (MANPADS). One of the orders came from an unidentified Asian country for

  • Malaysian Starstreak deal to feature trade-in of Starburst missiles

    Malaysia's Weststar Group has been appointed prime contractor by the Malaysian Ministry of Defence (MINDEF) to supply the Thales UK Starstreak high-velocity missile ground-based air-defence system to the Malaysian Army, it was announced on 3 August. Weststar did not reveal the value of the contract

  • Mitsubishi Heavy Industries, Kawasaki Heavy Industries post gains on military sales

    Japan's biggest defence contractors Mitsubishi Heavy Industries (MHI) and Kawasaki Heavy Industries (KHI) posted financial gains in the first quarter of fiscal year 2015, supported by growth in military sales. The corporations announced, on 31 July, year-on-year increases in net sales and operating

  • NICE selling security business

    Israeli company NICE has agreed to sell its physical security business to US group Battery Ventures, the company announced on 3 August. Battery Ventures will pay USD85 million in cash, as well as an additional USD15 million if the business hits certain performance targets. NICE will be selling its

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  • UK extends reformed Tornado unit for operations over Iraq

    The UK Royal Air Force (RAF) is to sustain in service the reformed 12 (Bomber) Squadron for a further year in order to continue air strikes against the Islamic State, the defence secretary announced on 3 August. The squadron, which is currently conducting strikes over Iraq from its forward
  • Pentagon awards JAGM development contract

    Key Points Lockheed Martin has received a USD66 million EMD contract for JAGM The missile will be integrated onto the Apache and Viper attack helicopters while the production line is qualified The US Army and the US Navy on 31 July awarded Lockheed Martin a USD66 million engineering and
  • CBO releases new triad upgrade estimate

    The United States will have to spend USD348 billion on nuclear weapons modernisation over the next 10 years if it wants to maintain a triad of nuclear-capable intercontinental ballistic missiles (ICBMs), submarines, and bomber aircraft, according to a 22 January report from the Congressional Budget