HEADLINES

  • Strata and Dema sign co-operation agreement

    Strata and Dema have signed a co-operation agreement to work together on manufacturing service exchange and knowledge transfer relating to aerospace systems. The two companies will develop a roadmap to work on these technologies, they say, which will help facilitate a strategy from Strata to grow

  • US lawmakers’ JSTARS recap initiative advances

    Key Points A legislative provision requiring the USAF to proceed with JSTARS recap advanced The USAF wants to cancel the effort and move forward with another battle management system A US legislative provision that would require the US Air Force (USAF) to proceed with the Joint Surveillance

  • EC approves Rockwell Collins and UTC merger

    The planned merger of Rockwell Collins and United Technology Systems (UTC) has been approved by the European Commission (EC), which found that proposed commitments made by the companies to reduce the risk of monopolising certain technology areas were sufficient. The EC was originally concerned that

  • Spain approves CESA deal

    The Spanish government has concluded that the proposed sale of 40% of domestic company Compañía Española de Sistemas Aeronáuticos (CESA) to Airbus will be in the interests of national defence, paving the way for the EUR30 million (USD35.8 million) deal to acquire all remaining

  • China looks to corporatise military research institutes

    The Chinese government has approved new measures to transform some of the military research institutes operated by state-owned enterprises into limited companies. In a press release on 7 May, China’s State Administration for Science, Technology and Industry for National Defence (SASTIND) said

  • Japan expands cyber collaboration with Estonia

    Japan and Estonia have agreed to expand collaboration in cyber defence activities, the Ministry of Defense (MoD) in Tokyo said on 6 May. The agreement was signed in the northern European country by Japanese Defense Minister Itsunori Onodera and his counter Juri Luik. The MoD said co-operation

  • Huntington Ingalls revenues rise by 8.7% in first quarter

    US naval shipbuilder Huntington Ingalls reported results from the first quarter of its 2018 financial year on 3 May, with figures showing swift growth of both revenues and operating income. Sales reached USD1.87 billion in the three months ending 31 March, a rise of 8.7% year on year, while income

  • Orbital ATK posts strong earnings growth

    US ammunition and rocket motor manufacturer Orbital ATK generated revenues of USD1.3 billion in the first quarter of 2018, a rise of almost 21% year-on-year, according to financial results published on 3 May. The company’s operating income in the three months to 1 April also rose, reaching

  • Rheinmetall first quarter defence orders double

    German defence and automotive group Rheinmetall AG released financial results for the first quarter of 2018 on 4 May, with figures showing an annual decline in both sales and income. Total company revenue was EUR1.26 billion (USD1.5 billion) for the quarter, a fall of 6.6%, while earnings before

  • Indonesian companies secure financial support

    The Indonesian Ministry of Defence (MoD) has facilitated an agreement between national finance company PT Askrindo and private-sector defence companies to support their development in national and international markets. The MoD said on 3 May that through the agreement – signed by PT Askrindo

  • Tata Motors sells military vehicle business to sister firm

    Tata Motors has announced plans to sell its aerospace and defence businesses to Tata Advanced Systems Limited (TASL) as part of the wider group’s continuing defence industrial consolidation. Tata Motors said in a filing to the Bombay Stock Exchange on 3 May that the sale includes its military

  • Thales reports rise in Q1 defence sales

    French defence electronics specialist Thales published details of its financial performance in the first quarter of 2018 on 3 May, revealing a large rise in sales in its Defence and Security business. Total company revenue in the first three months of the year was EUR3.41 billion (USD4.08 billion),

  • Boeing’s Caret vows delivery of 18 KC-46s, and wing aerial refuelling pods, in 2018

    Key Points Boeing’s top defence official vowed to deliver 18 KC-46 tankers by the end of 2018 The company is under USAF pressure to deliver its first aerial refuelling tanker aircraft Boeing’s top defence executive on 3 May vowed to not only deliver more than one of the

  • Curtiss-Wright reports “solid start” to 2018

    US defence and industrial solutions group Curtiss-Wright has reported improved sales and earnings for the first quarter of the year. Operating income jumped 35% to USD64 million while sales climbed 5% to USD548 million, prompting Chairman and Chief Executive David Adams to comment on a “solid

  • GD completes Hawker Pacific acquisition

    General Dynamics’ Jet Aviation subsidiary has completed the purchase of Australian aerospace company Hawker Pacific, it was announced on 2 May. The purchase of the company through General Dynamics’ Swiss subsidiary was first announced on 12 April. The purchase was valued at USD250

  • Antonov confirms SALIS offer to NATO

    Antonov has confirmed to Jane’s its offer to provide additional outsized airlift to NATO following the announcement by Volga-Dnepr that it will no longer support the alliance. The Ukrainian-based company reaffirmed on 2 May its offer to provide the necessary number of An-124-100 aircraft to

  • India looks to spur defence investment through offset

    Key Points MoD outlines offset proposals to encourage investment across three new streams Investment will be assigned multipliers but existing FDI cap could stymie engagement The Indian Ministry of Defence (MoD) has proposed an update to the country’s defence offset guidelines, with new

  • Israel’s export sales jump 40%

    Key Points Israel’s export sales jumped 40% to USD9.2 billion in 2017 The Asia-Pacific region accounted for more than half of sales Israeli defense companies signed export contracts valued at USD9.2 billion in 2017, according to figures unveiled by the country’s Ministry of Defense.

  • USMC seeks improved AAV tracks

    The US Marine Corps (USMC) is seeking improved tracks for its Assault Amphibious Vehicles (AAVs) as part of its AAV Survivability Upgrade (AAV-SU) programme. The service released a request for information (RFI) on 17 April that seeks to assess industry’s ability to develop Improved Amphibious

  • EU reinforces military sanctions against Myanmar

    The European Union has ratcheted up military sanctions against Myanmar in light of what it alleges are “ongoing widespread, systematic grave human rights violations” committed by the country’s armed forces. The new regulations were introduced in late April and update guidelines

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