• India prepares for another defence listing

    Indian naval shipyard Garden Reach Shipbuilders and Engineers (GRSE) has announced formal plans to launch an initial public offering (IPO) – the latest in a series of moves to part privatise India’s state-owned defence sector. In a draft prospectus filed late March with the Securities

  • India’s HAL and BEL post record revenues

    India’s two biggest defence companies – Hindustan Aeronautics Limited (HAL) and Bharat Electronic Limited (BEL) – have posted another year of record sales, the groups announced on 2 April. HAL said its provisional turnover in fiscal year 2017 was INR180 billion (USD2.8 billion), a

  • Kalyani Strategic Systems to showcase ATAGS at Defexpo 2018

    India’s Kalyani Strategic Systems will showcase the country’s locally built 155 mm/52 cal Advanced Towed Artillery Gun System (ATAGS) at the Defexpo 2018 exhibition, which is set to take place in Chennai between 11–14 April. Designed by the state-owned Defence Research and

  • Navantia Australia signs MOU with Hofmann to support frigate bid

    Navantia Australia has signed an agreement with Australian company Hofmann Engineering in support of its bid to meet the Royal Australian Navy’s (RAN’s) project to procure future frigates. Navantia Australia said on 4 April that its memorandum of understanding (MOU) with Hofmann will

  • Rosoboronexport to export Buk-M3 Viking variant

    On 28 March, Rosoboronexport announced the launch of the Viking export version of the Buk-M3 air defence missile system. The multichannel, mobile system has a range to 65 km and can engage six targets simultaneously, and integration of the Antey-2500 air defence system can increase its range up to

  • Spanish defence budget presented to parliament

    Spanish defence spending is set to rise 6.4% in 2018 to EUR9.25 billion (USD11.36 billion), according to data released by the Ministry of Defence (MoD) on 3 April. The figure was released at a special press briefing after various interpretations were made on the increase by Spanish media following

  • Israeli F-16 C/D Barak wins fighter bid in Croatia

    On 29 March Croatia officially selected the fighter offer from Israel and began contract negotiations. On offer were 12 used Israeli F-16 C/D Block 30 fighters, provided to Israel through the Peace Marble II programme and further upgraded locally to the Barak 2020 standard. Ten are to be single

  • Boeing awarded Super Hornet production contract for Kuwait

    Boeing has received a USD1.2 billion contract related to the production and delivery of 28 F/A-18E/F Super Hornet combat aircraft for Kuwait. Announced on 30 March, the not-to-exceed undefinitised contract covers long-lead non-recurring engineering required to develop a baseline configuration for

  • UMS Skeldar growth strategy drives recruitment

    Joint venture UMS Skeldar is launching a recruitment drive in its domestic nations of Sweden and Switzerland, part of a growth strategy being spearheaded by its V-200 rotary-wing unmanned aerial vehicle. The Skeldar V-200 UAV is produced in Linköping, Sweden, while Möhlin in Switzerland

  • Boeing to create Saudi MRO joint venture

    Boeing and Saudi Arabian Military Industries (SAMI) have signed a memorandum of agreement (MOA) to establish a joint venture that will transfer about 55% of maintenance repair and overhaul (MRO) services to Saudi for its military fixed- and rotary-wing aircraft. This will fall under Saudi’s

  • Chinese shipbuilding giants deny merger plans

    China’s two dominant shipbuilders – the China State Shipbuilding Corporation (CSSC) and the China Shipbuilding Industry Corporation (CSIC) – have released statements denying media reports that they are about to be merged. Both state-owned corporations, which between them undertake

  • FIDAE 2018: Aging C-130s in Latin America offer Lockheed Martin opportunities

    Key Points Lockheed Martin sees opportunities in Latin America for C-130 upgrades and replacement Many operators in the region have aging aircraft Lockheed Martin sees opportunity for new aircraft sales and upgrades in Latin America thanks to a bevy of older C-130 Hercules cargo aircraft

  • Hungary to licence produce Ceska Zbrojovka small arms

    On 28 March, Hungarian Defence Minister István Simicskó and his Czech counterpart, Karla Slechtová, announced a licence agreement to manufacture Czech infantry weapons in Hungary. The announcement was made during the Visegrad Group-Central European Defence Cooperation joint defence

  • Tata moves to consolidate defence businesses

    Tata Power has approved the sale of its defence unit, its Strategic Engineering Division (SED), to Tata Advanced Systems Limited (TASL) for INR22.3 billion (USD342 million). The transaction – in terms of value one of the biggest ever in India’s defence sector – is seen as the

  • UK rejoins Boxer programme

    The United Kingdom has officially rejoined the Boxer 8x8 development programme, a sign that the British Army is stepping up its consideration of acquiring the vehicle for its Mechanised Infantry Vehicle (MIV) requirement. The United Kingdom was an original partner in the Boxer development from 1999

  • Carter appointed new UK CDS

    British Army chief General Nicholas Carter has been appointed new chief of defence staff (CDS), the UK government announced on 28 March. He will take over in mid-2018 from Air Chief Marshal Stuart Peach, who will become chairman of the NATO Military Committee. Defence Secretary Gavin Williamson

  • GKN shareholders accept Melrose offer

    GKN shareholders have accepted an offer from Melrose Industries to acquire the UK aerospace and automotive parts group for GBP8.1 billion (USD11.5 billion) despite warnings from GKN’s biggest customer on the hostile takeover bid. GKN shareholders had a deadline of 29 March to accept

  • Kazakhstan Engineering to sell more subsidiaries

    Kazakhstan has continued efforts to reduce national holdings in defence and aerospace assets with the announcement that majority stakes will be sold in three subsidiaries of defence group Kazakhstan Engineering (KE). The government of Kazakhstan announced that it will seek bids for 51% of shares in

  • QinetiQ appoints Air & Space managing director

    UK defence technologies group QinetiQ has announced the appointment of Nic Anderson as managing director of the group’s Air & Space interests, it was announced on 28 March. Anderson – who will joint QinetiQ in May – succeeds John Anderson who is to retire at the end of April.

  • Saab prepares expansive offset package for Korean MPA requirement

    Saab is preparing an expansive and flexible industrial collaboration package in support of its proposal to supply the Republic of Korea Navy (RoKN) with its Swordfish maritime patrol aircraft (MPA). Martin Malmfors, head of marketing and sales at Saab Korea, told Jane’s in an interview that

Subscribe to Industry for access to more latest Industry news, analysis and data