• Cohort makes final payment for MCL acquisition

    UK firm Cohort announced on 22 August that it had made the final payment in the acquisition of electronics and surveillance systems firm Marlborough Communications Ltd (MCL). MCL was acquired by Cohort in 2014 for an initial consideration of GBP6 million (USD7.7 million), with an earn-out of up to

  • HAL aims to double production of LCA over next three years

    Key Points HAL is looking to increase production of the Tejas Light Combat Aircraft from 8 to 16 platforms per year from 2019-20 The type only entered squadron service in January 2015, 32 years after the LCA programme began India’s state-owned Hindustan Aeronautics Limited (HAL) aims to

  • Japan and Taiwan propose modest defence budget increases

    Japan and Taiwan have proposed small increases in defence spending for 2018, in response to escalating regional tensions. Japan's defence ministry has proposed an increase of 2% to JPY5.26 trillion (USD48 billion), while Taiwan has approved a military expenditure of TWD331.8 billion (USD11

  • China restricts overseas defence investment

    China has introduced new rules limiting the ability of national defence companies to invest in foreign entities. The ban, which is related to concerns about transfers of Chinese military technologies, is intended to protect national interests. In a notice published by the State Council on 18

  • FIMI to buy stake in Orbit

    Investment group FIMI Opportunity Funds has reached a deal to potentially buy a majority ownership stake in Orbit Technologies, Israeli publication Globes reported on 22 August. FIMI will initially buy 33.4% of the company for ILS36 million (USD10 million) with a larger stake possible in two

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  • NORINCO rolls out VP10 8x8 vehicle variants

    China North Industries Corporation (NORINCO) has developed new variants of its export-oriented 8x8 VP10 armoured personnel carrier (APC), Jane's has learnt. The baseline VP10 APC is typically operated by a two-person crew, and carries up to 12 dismounts in the rear troop compartment. The vehicle is
  • Indonesia's Dirgantara N219 completes maiden flight

    Key Points Indonesia has completed the maiden flight of its N219 twin-turboprop aircraft Flight paves the way for further tests and certifications for the programme, which was originally scheduled to begin serial production in 2015 State-owned firm PT Dirgantara Indonesia (PTDI) has flown its