• AVIC subsidiary sells shares to boost expansion

    AVIC Electromechanical Systems, a subsidiary of the state-owned Aviation Industry Corporation of China (AVIC) that is involved in systems development for Chinese military and commercial aircraft, has announced plans to raise CNY2.6 billion (USD424 million) in a private placement of shares. The

  • Greece replaces fast attack craft Penguin SSMs with Harpoon

    The Hellenic Navy is to replace the six Kongsberg Penguin surface-to-surface missiles (SSMs) fitted to its Laskos Combattante IIIb-class fast attack craft (FAC) HS Starakis (P29) with four Boeing RGM-84G Harpoon missiles, as the Norwegian missiles have reached their service expiration date. Five

  • IAI reports improved third quarter earnings, but warns of 'challenging' conditions

    Israel Aerospace Industries (IAI) reported flat sales for the third quarter of the year, but improved earnings as a result of the growth in radar systems and business jet-related sales. The state-controlled group reported that sales for the three months to 30 September were USD934 million; up

  • Japan considers agency to support exports

    The Japanese Ministry of Defense (MoD) has confirmed that it is considering the introduction of a dedicated agency that would promote and facilitate military exports. An MoD spokesman told IHS Jane's on 27 November that a study is under way with a view to implementing an MoD requirement highlighted

  • Logak appointed temporary head of Thales as Lévy resigns

    Jean-Bernard Lévy formally tendered his resignation as chief executive and chairman of Thales at a meeting of the board of directors on 27 November. The move came after it emerged in mid-October that Lévy - who had been at the helm of Thales for two years - had been selected by the French

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  • China launches second Kuaizhou mobile SLV

    China launched its second Kuaizhou (fast boat) mobile, solid-fuel, space launch vehicle (SLV) on 21 November, according to state media reports. The Kuaizhou-2 launch - from the Jiuquan Satellite Launch Center (JSLC) - is further demonstration of China's emerging rapid satellite repopulation
  • Indian MoD signs up for ACTAS towed array

    India's Ministry of Defence (MoD) has signed an INR3.06 billion (USD51million) deal with Germany's Atlas Elektronik for six low frequency Active Towed Array Sonar (ACTAS) systems to be fitted to Indian Navy (IN) warships. The urgency of the requirement to safeguard its assets, continually