HEADLINES ARCHIVE

  • CeramTec sold to BC Holdings

    CeramTec has announced that it has been acquired by a BC Partners-led consortium, transferring ownership of the ceramics manufacturer from private equity firm Cinven. Details of the deal were not disclosed. Manufactured by the US-based division of the German company, the defence portfolio includes

  • Japan introduces cluster plan to spur aerospace competitiveness

    Key Points Japan is set to launch an aerospace cluster programme by the end of 2017 The initiative is intended to improve efficiencies in downstream manufacturing The Japanese government has outlined plans to launch an “integrated production system” later this year to strengthen the

  • UK MoD makes SME awards for CBRN UAVs

    The UK Ministry of Defence (MoD) has awarded a number of small and medium enterprises (SMEs) funding to develop autonomous technology required to investigate chemical and biological hazards. Announced by defence secretary Michael Fallon on 14 October, the contracts are the result of an innovation

  • DAPA announces delay in K2 MBT production

    South Korea’s plans to produce additional Hyundai Rotem K2 (Black Panther) main battle tanks (MBTs) have been delayed three years due to technical issues with the platform’s indigenously developed transmission system, the Defense Acquisition Program Administration (DAPA) has said. In an

  • India to sell off stake in helicopter services company

    The Indian government has announced the sale of its controlling stake in state-owned helicopter service company Pawan Hans. The invitation for expressions of interest (EIO), published on 13 October, outlines the sale of the government’s entire 51% stake. The remaining 49% is held by the Oil

  • Aselsan sells tank radios to Ukraine

    Turkey’s military electronics company Aselsan has signed an agreement with an unidentified customer based in Ukraine to supply communication systems worth USD43.6 million, according to a company statement sent to the Public Disclosure Platform (KAP) on 10 October. Deliveries will be made in

  • Pakistan, Ukraine seek to deepen collaboration

    Pakistan and Ukraine have agreed to identify new areas of defence industrial collaboration, state-run news in Islamabad reported on 12 October. The agreement was reached during meetings at the Arms and Security defence exhibition in Kiev between Ukraine’s defence minister Stepan Poltorak and

  • Patria buys stake in Estonia's Milrem

    Finnish aerospace and defence group Patria announced on 13 October that it is to acquire a 60% stake in Estonian military maintenance, repair, and overhaul (MRO) venture Milrem. The remaining 40% stake will be retained by Milrem’s current owner Sinrob OU which is owned by Milrem CEO Kuldar

  • PT Pindad to expand munitions capability

    Indonesian land systems specialist PT Pindad has announced new investment to construct a small-calibre munitions factory at its ammunitions production site in Malang, West Java. The company said on 11 October that it has already commenced construction of the factory, which will expand its

  • General Motors to form new defence business

    US car manufacturer General Motors is planning to form a new defence-focused business called GM Defense LLC, according to reports in trade publication Automotive News . News of the company’s return to the defence market came as the company displayed its Silent Utility Rover Universal

  • Danish government proposes 20% increase to defence budget by 2023

    The Danish government announced a significant rise in planned defence expenditure on 11 October, with an extra DKK4.8 billion (USD763 million) to be added to the annual defence budget by 2023. The extra funding, which equates to a rise in annual spending of 20% from current levels, has been

  • Ukroboronprom pursues cooperation with Lithuanian defence industry

    State-owned Ukrainian defence manufacturer Ukroboronprom announced on 11 October that it had signed a memorandum of understanding with the Lithuanian Defence and Security Industry Association (LDSIA) aimed at fostering co-operation between defence companies from the two countries. The move is part

  • Lockheed Senior Vice President selected for Pentagon policy role

    Senior Vice President of Lockheed Martin International John Rood has been selected by US President Donald Trump to fill the role of Under Secretary of Defense for Policy at the Department of Defense, it was announced on 12 October. Previously Raytheon’s vice president of US business

  • Airbus boosts ownership of Malaysian MRO firm

    Airbus has increased its ownership in the Malaysian maintenance, repair, and overhaul (MRO) specialist Sepang Aircraft Engineering (SAE), the European group announced on 12 October. Airbus has owned a 40% stake in SAE since 2011 but the Kuala Lumpur-based firm now becomes a wholly-owned Airbus

  • Indonesia, Russia sign military-technology protocol accord

    Key Points A new agreement has been signed to facilitate technology transfers and joint production Accord is expected to support Indonesia’s planned procurement of Su-35 fighters Indonesia and Russia have signed a military-technical protocol accord to strengthen defence industrial ties

  • QinetiQ Australia inaugurates office in Adelaide

    QinetiQ Australia has inaugurated a new office in Adelaide, South Australia, as part of the company’s continuing expansion in the country. Upon formally opening the office on 11 October, Australia’s Minister for Defence Industry, Christopher Pyne, said the company now employed more than

  • Peruvian president calls for domestically manufactured naval platforms

    Peruvian President Pedro Pablo Kuczynski on 8 October called for state-run shipyard Servicios Industriales de la Marina (SIMA) to continue manufacturing vessels for the Peruvian Navy (Marina de Guerra del Perú: MGP). He specifically said construction of a second Makassar-class landing platform

  • Major projects in the works for Denel

    South Africa’s state-owned defence group Denel recently released its full annual report, which reveals that the company is in a tight situation but with considerable potential. The company’s main potential lies in its success in winning design and development orders from foreign armed

  • Australia leans on overseas representatives to push defence exports

    On 10 October Australia’s Minister for Defence Industry, Christopher Pyne, briefed more than 35 overseas defence representatives as part of a government bid to boost defence exports. The Australian Department of Defence (DoD) stated that the briefing was integral to the government’s

  • BAE set to reorganise, cut nearly 2,000 jobs

    UK company BAE Systems Plc is undergoing a massive restructuring that will include the elimination of nearly 2,000 jobs, the company announced on 10 October. The job cuts, the majority of which will come from the Military Air & Information unit, will not impact the groups US operations. Up to

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