HEADLINES ARCHIVE

  • Kaman reports positive Q1 revenues

    Led by a double-digit sales increase in its Aerospace division year-on-year (Y/Y), Kaman posted largely positive financial results for the first quarter of 2014 (Q1 2014) ending 28 March 2014. Consolidated (net) sales increased to USD413.9 million, a 6.7% increase over Q1 2013, and adjusted EBITDA

  • PLA may finally receive Russian S-400 SAMs

    Key Points Moscow has finally approved the export of the S-400 air defence system to China, according to high-level Russian sources The delivery schedule for the systems could be an issue Officials in the Russian defence industry also remain concerned that China will reverse-engineer the S-400

  • MHI welcomes changes to Japanese export law

    Japan's biggest defence company, Mitsubishi Heavy Industries (MHI), has welcomed Tokyo's decision to ease the country's long-standing ban on exports of locally made military equipment. MHI said in a statement on 2 April that the new guidelines, called the 'three principles on arms transfers',

  • Putin outlines future military developments in Crimea and Arctic

    Russian President Vladimir Putin set out development plans for the country's armed forces this year during a multi-service senior promotion ceremony on 28 March. Putin also stated that there is a pressing need to modernise military infrastructures in Crimea and to form new Interior Ministry and

  • ST Engineering invests in aerospace

    Singapore Technologies Engineering (ST Engineering) has injected funding into its aerospace business unit to support its planned expansion, the group announced on 28 March. ST Engineering said it would inject new equity of SGD216 million (USD171 million) into the capital of ST Aerospace, bringing

  • Saab and Pilatus sign air trainer MoU

    Saab of Sweden has announced the signing of a memorandum of understanding (MoU) with Pilatus to co-operate on the provision of the Swiss aircraft developer's PC-21 platform as the basis for a basic air training solution for the Swedish Air Force. Sweden has been considering a replacement for its

  • Russian commits to 18% budget rise

    Russian government data has confirmed that the defence budget will increase by 18.4% in 2014 in line with previously announced plans. The increase means that military expenditure has now increased by 92.3% since 2010 in nominal terms. Figures released by the Russian Federal Treasury on 25 March

  • Pentagon 2015 budget: Under fiscal strain, USAF justifies fleet retirements

    Key Points The USAF wants to purchase new platforms in order to stay ahead of adversaries' increasing technological sophistication At least two entire fleets, A-10s and U-2s, would be retired in the next five years under the USAF plan The US Air Force (USAF) is defending plans to retire entire

  • Spending spree: IHS' Second Balance of Trade Report 2014

    The second annual IHS Balance of Trade report has revealed that 2013 was another strong growth year for defence trade. Traditional markets expanded by USD2 billion to USD67 billion, while some emerging markets are starting to impact on the structure of the global market, according to the 2014

  • Nexter reports profits, orders down in 2013

    France's Nexter Systems announced its 2013 annual earnings on 18 March, revealing a decline from 2012 in orders and net profit. Orders for the group totalled EUR612 million (USD852 million), down from 2012's EUR862 million, with contracts for 37 CAESAR mobile artillery systems and France's

  • Spanish Army helicopters conduct first ever landing on US warship

    Spanish Army helicopters have landed on board a US warship for the first time, in an exercise on board USS Gunston Hall . The 16,195 tonne full load Whidbey Island-class landing ship dock (LSD) vessel was transiting the Strait of Gibraltar when the compatibility exercise took place at the end of

  • Singapore commits to 'steady' defence investment to 2030

    Singapore's Defence Minister Ng Eng Hen has outlined a commitment to continue the country's "steady" investment in defence as part of its bid to achieve by 2030 a "highly connected" military force. In February Singapore announced a 2014 defence budget of SGD12.56 billion

  • Djibouti, China agree 'strategic partnership'

    Djibouti and China signed a "security and defence strategic partnership" agreement on 25 February, according to the Horn of Africa's Sabahi news service. Sabahi cited Djiboutian Defence Minister Hassan Darar Houffaneh as saying he had signed an agreement with his Chinese counterpart,

  • L-3 Communications buys big data firm Data Tactics

    L-3 Communications has acquired Data Tactics Corporation, a US supplier of big data analytics and cloud computing services to the US Department of Defense. The transaction - terms of which were not disclosed - was announced on 5 March. Data Tactics will be renamed L-3 Data Tactics, following a

  • US considering procurement agreement with Slovenia

    The United States Department of Defense (DoD) is considering liberalising procurement regulations with Slovenia as part of a Reciprocal Defence Procurement (RDP) Memorandum of Understanding (MoU). The DoD is currently in the process of soliciting feedback on industry's experience of dealing with

  • Boeing conducts maiden flight of MSA

    Boeing has conducted the first flight of its business jet-based Maritime Surveillance Aircraft (MSA), the company announced on 5 March. The four-hour flight, from Toronto's Pearson International Airport on 28 February, involved a Bombardier Challenger 604 testbed platform with structural and system

  • Pentagon budget 2015: Army plans to drop three aviation brigades

    Key Points Active duty CABs would reduce to 10 while the Reserve components retain 12 A restructuring seeks to focus Reserve brigades on assault, lift, and medevac missions, and active brigades on attack and scout functions The US Army plans to reduce its active duty combat aviation brigades

  • IHS Balance of Trade Report 2014

    2013 was another strong growth year for defence trade. Traditional markets expanded by USD2 billion to USD67 billion, while some emerging markets started to impact on the structure of the global market. Furthermore, trade patterns are fundamentally changing for the dominant players; for instance,

  • UPDF Air Wing to move main base

    Uganda will begin moving its main air base from Entebbe International Airport just south of Kampala to Nakasongola in the centre of the country in March, the country's New Vision newspaper reported on 23 February. President Yoweri Museveni expressed his approval of the plan during an air force

  • Update: Australia signs up for Poseidon

    The Australian government has approved the acquisition of eight Boeing P-8A Poseidon maritime multimission aircraft, the Department of Defence (DoD) announced on 21 February. The first aircraft will be delivered in 2017, with all eight aircraft to be fully operational by 2021. The government has

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