HEADLINES

  • Pentagon budget 2019: USAF requests 12% budget boost in FY 2019

    Key Points The US Air Force’s FY 2019 budget request is 14% more than the service requested last year The service is looking for big bumps in key programmes such as T-X and B-21 The US Air Force’s (USAF’s) fiscal year (FY) 2019 budget request of USD194.2 billion, released on 12

  • Australian industry reaches F-35 milestone

    Australian industry has now been awarded more than AUD1 billion (USD786 million) in subcontracting work on the Lockheed Martin F-35 fighter aircraft programme and the government said it is planning to secure more. Australia’s Minister for Defence Industry Christopher Pyne announced the

  • China’s land systems groups post growth in profits

    China’s biggest land systems manufacturers – the China North Industries Group Corporation (NORINCO) Group and the China South Industries Group (CSGC) – have announced strong financial growth in 2017. The NORINCO Group said its annual turnover in 2017 was CNY432.6 billion (USD68.7

  • Defence grabs increasing share of CAE revenues

    CAE officials are maintaining their bullish outlook for the companies defence division, following positive third-quarter results released on 9 February. “There is plenty of headroom to grow,” said chief executive officer Marc Parent in a conference call with analysts. “The big

  • FIMI acquires Aitech

    Israeli private equity fund FIMI has acquired US defence electronics company Aitech for USD30 million from a consortium of Netherlands-based investors. Israeli media reported on 8 February that the bulk of the funds will be spent on the purchase, with some being invested into the company. The

  • General Dynamics makes big push in IT

    General Dynamics made a strong push into the government IT sector on 12 February, announcing that it would be acquiring IT services firm CSRA for USD9.6 billion. The acquisition will be undertaken through an all-cash purchase of CSRA shares, with outstanding shares to be acquired for USD40.75 each.

  • Pentagon budget 2019: Pentagon hopes for economic growth, eschews deficit fears

    The US government’s fiscal year 2019 (FY 2019) budget and near-term spending plans are expected to add significantly to public debt, accelerating trends that defence officials previously feared could jeopardise long-term discretionary defence spending. The US Congressional Budget Office (CBO)

  • Philippines looks to cancel planned procurement of Bell 412 helicopters

    Key Points Canada reviews sale of Bell 412 helicopters to AFP over human rights concerns Philippines outlines plan to terminate deal and procure from another supplier Philippines President Rodrigo Duterte has ordered the Armed Forces of the Philippines (AFP) to cancel its agreed PHP12 billion

  • Belarus reports good year for defence exports

    During 2017 the military-industrial complex of Belarus had a 25% increase in production and secured USD1 billion in exports; a 15% increase compared with 2016, according to Oleg Dvigalev, the chairman of country’s Military Industrial Committee who on 31 January reported that Belarus is already

  • Kongsberg revenue down 8.6% in 2017

    Norwegian defence and maritime supplier Kongsberg Gruppen generated NOK14,490 million (USD1,830 million) in revenue in its full 2017 financial year, a fall of 8.6% year over year, according to its fourth quarter financial results. Earnings after tax also fell significantly to NOK559 million, 14.1%

  • Singapore Airshow 2018: Boeing and Saab position for South Korea’s MPA requirement

    Boeing and Saab have confirmed to Jane’s their plans to launch bids to compete for South Korea’s newly announced programme to procure a maritime patrol aircraft (MPA) capability. Speaking at the Singapore Airshow 2018, company officials said they were engaged with South Korea over the

  • Brazilian aeronautics institute signs R&D partnership

    Brazil’s Technological Institute of Aeronautics, a state-run education and research establishment with links to the Brazilian Air Force, has signed a scientific development partnering agreement with the Ezute Foundation, a non-profit organisation which aims to foster economic development in

  • Singapore Airshow 2018: Boeing eyes Super Hornet partners in India

    Boeing is assessing Indian defence and aerospace companies to select industrial partners in support of its bid to supply its F/A-18E/F Block III Super Hornet fighter aircraft to the Indian Navy (IN), Gene Cunningham, vice-president of Boeing Defense, Space & Security told Jane’s on 8

  • Singapore Airshow 2018: Harris outlines regional expansion plans

    Harris Corporation sees opportunities to further penetrate the Asia-Pacific market by expanding the services it provides customers in regional countries and increasing its focus on promoting some of its core technologies, Jackson Pho, Harris’ managing director of business development in the

  • Singapore Airshow 2018: PTDI teams up with Indonesian diplomatic corps to promote aircraft platforms internationally

    Key Points Jakarta’s embassies and defence attaches worldwide have been enlisted to market Indonesian defence products internationally Move represents a concerted push by the country’s government and defence industries to aggressively pursue new export opportunities, especially in

  • Antonov reports improved sales and earnings

    Ukrainian aerospace group Antonov has reported that sales more than doubled in 2017 to reach UAH5.9 billion (USD217.6 million), reflecting a shift to new markets plus the reform of management and business practices. The group – which has traded as part of the Ukrainian state-owned defence and

  • Singapore Airshow 2018: Projects with Saudi promise market boost for China and Ukraine

    Key Points Programmes involving Saudi Arabia could prove lucrative for the Chinese and Ukrainian aerospace industries CAIG's Wing Loong II UAV has been ordered by the kingdom, while Antonov's An-132 is being jointly developed with Saudi industry Future market projections involving Saudi Arabia

  • Singapore Airshow 2018: Saab on track with regional Gripen campaigns

    Saab has positioned its Gripen fighter aircraft to respond to several programme opportunities across the Asia Pacific during the next few years, company officials said at the Singapore Airshow. The largest potential customer is India, officials said, but other country targets in the region include

  • Singapore Airshow 2018: US targets increased military sales in Asia

    Key Points The US government is expanding support for its defence exporters The Asia Pacific is a key market to boost strategic partnerships The US government is placing increasing emphasis on winning defence deals in the Asia Pacific as part of Washington’s commitment to drive regional

  • Airbus to renegotiate A400M delivery and capability timelines

    Airbus has signed a declaration of intent (DOI) with the partner nations to renegotiate the delivery schedule and timeline for the further rollout of the military capabilities of the A400M transport aircraft. Under the DOI, which was announced by Airbus on 7 February, the manufacturer agrees with

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