• Boeing announces charges ahead of earnings report

    Boeing will recognise a USD393 million charge on its KC-46 tanker programme as part of its earnings report set to be released on 27 July, the company announced on 22 July. The costs are tied to changes in the tanker programme which forced Boeing to shoulder additional cost, as the contract with the

  • China's State Council drives military-industrial development

    China's State Council has published a new policy document outlining a plan to achieve greater levels of defence industrial development as a driver of military capability. The policy, released 21 July, places emphasis on leveraging China's long-term industrial reform strategy - called civil-military

  • Honeywell reports second quarter sales

    Honeywell issued its earnings report for the second quarter of its fiscal year 2016 on 22 July, with sales up 2% and net income up 5% for the quarter, year-over-year. The company reported sales of USD10.0 billion for the second quarter, up from USD9.8 billion the year before. Net income for the

  • MBDA proposes Brimstone derivative for future UK Apache AH-64E

    Key Points Trial firings from an AH-64E were conducted at Yuma Proving Grounds in June MBDA is also developing a common intelligent launcher interface solution for Brimstone European missile house MBDA is proposing a spirally developed version of its latest Brimstone precision-guided weapon as

  • Navantia opens sixth overseas office as it seeks to provide support, secure new work

    Key Points Navantia opened its sixth overseas office, in Norway, on 20 July The company is seeking to improve support for contracts and to build relations with indigenous industry Spanish state-owned shipbuilding and services company Navantia has established an office in an overseas country for

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  • Eurosatory 2016: MILREM extends THeMIS mission set

    Estonia's MILREM has broadened the mission set of its THeMIS (Tracked Hybrid Modular Infantry System) unmanned ground vehicle (UGV), equipping the platform with a counter-improvised explosive device (C-IED) payload. Speaking to IHS Jane's , MILREM's chief executive officer, Kuldar Väärsi,