HEADLINES

  • Germany reports record EUR47.32 billion defence budget

    On 17 May, German officials informed NATO that the country has increased its defence budget by more than EUR5 billion (USD5.6 billion) to EUR47.32 billion in 2019. The German government also announced that it would increase its defence budget to EUR49.67 billion in 2020. The 2019 figure raises

  • Italian government expresses wish to conserve Piaggio Aerospace

    As a number of non-binding expressions of interest are made for the respective engine and aircraft divisions of Italy’s Piaggio Aerospace, the Italian government has claimed that it will work to prevent break-up of the OEM. Financial difficulties led to the company entering special

  • Lockheed Martin breaks ground on new JASSM-ER production facility

    Lockheed Martin has begun building a new 225,000 ft² facility for the production of strike weapons in Troy, Alabama, that will be used to fulfil US Air Force requirements for the Joint Air-to-Surface Standoff Missile Extended Range (JASSM-ER) system. The facility will, alongside the

  • Airbus considers purchase of Bombardier’s Belfast site

    Airbus has emerged as the newest potential buyer for Bombardier’s plant in Belfast, Northern Ireland, as new CEO Guillaume Faury expresses interest in acquiring the A220 wing production site. Bombardier announced in early May that it was seeking to divest its facilities in both Northern

  • India launches policy to improve quality of local defence products

    The Indian Ministry of Defence (MoD) has issued a new policy to allow domestic defence companies to self-certify the quality of products that it supplies to the Indian armed forces. The move is an apparent response from the MoD to address growing concerns about the quality of indigenously produced

  • Naval training projected to power CAE growth

    Simulation and training firm CAE, which is known mostly for its aerospace work, expects naval offerings to help increase its share of growing international demand for integrated defence training services. CEO Marc Parent said in a conference call with analysts on 17 May that “the market is

  • China’s AVIC furthers shipbuilding restructuring efforts

    The Aviation Industry Corporation of China (AVIC) has shifted ownership of shipbuilding subsidiary AVIC Zhenjiang Shipyard Marine (AZM) from one affiliated company to another in line with industrial streamlining efforts. The AVIC International Maritime Holdings (AVIC Marine) division said on 17 May

  • Cameroonian Z9 helicopter crashes

    A Cameroonian Air Force (CAF) HAIG Z9WE attack helicopter crashed on 13 May, the Ministry of Defence (MoD) confirmed. The helicopter, which belonged to the 51st Air Squadron, took off from Air Base 501 at Bamenda to transport three government officials and a police officer and was preparing to land

  • China targets acquisitions of Croatian shipyards

    China Shipbuilding Industry Corporation (CSIC) has confirmed that it is considering potential investment in shipyards in Croatia. The state-owned Chinese group said in a statement on 14 May that it plans to carry out an “in-depth study” into the possible investments. CSIC identified two

  • Embraer’s Q1 losses grow in 2019

    Brazilian aerospace and defence manufacturer Embraer suffered first quarter losses for the second consecutive year in 2019, according to financial results published on 15 April. By the company’s adjusted measure of earnings before interest and taxes (EBIT), losses of USD15.2 million were

  • Switzerland re-scopes fighter procurement, moots referendum

    Key Points Switzerland has split its aircraft procurement from the ground-based air-defence acquisition, with a cap of USD5.95 billion on the programme The acquisition may now be subject to a referendum, which could delay the programme Switzerland has redefined the budget for its procurement of a

  • Update: Canada awards contract for MEOSAR search-and-rescue repeaters

    Key Points The Canadian Armed Forces awarded a contract for 10 MEOSAR search-and-rescue repeaters Hosted on the US GPS III satellites, the repeaters detect distress signals from beacons across Canada and relay them to ground stations The Canadian Armed Forces announced on 10 May that it awarded a

  • Australia’s NIOA starts work at state facility

    Australian ammunition specialist NIOA has commenced manufacturing activity at the Australian state-owned munitions facility in Benalla, Victoria, the company said. In a press release on 14 May, it said its initial project at the facility is a joint programme with Saab to produce 84 mm ammunition

  • DSME posts profit fall amid merger concerns

    South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has recorded a quarterly decline in profits amid growing concerns about the repercussions of its proposed merger with Hyundai Heavy Industries (HHI). DSME said in a filing to the Korean stock exchange on 15 May that in the

  • Philippines, Czech Republic set up defence industry forum

    The Philippines and the Czech Republic have established a joint forum to support defence trade and related industrial collaboration. The agreement to set up the ‘working subcommittee on defence industrial co-operation’ was announced by the Philippine embassy in Prague on 14 May. The

  • Lockheed Martin reportedly offers India F-21 exclusivity

    Lockheed Martin has reportedly promised that the F-21 will be exclusively operated by the Indian Air Force should the nation select it for its USD18 billion, 114-aircraft requirement. The aircraft was revealed in February as the company’s offer for the programme, an F-16 Fighting Falcon

  • ST Engineering posts quarterly gains

    Singapore Technologies Engineering (ST Engineering) has recorded gains in revenue and profit in the first quarter of fiscal year 2019, the company said on 15 May. Revenue in the quarter ended 31 March was SGD1.73 billion (USD1.26 billion), a year-on-year increase of 5%, while net profit climbed 11%

  • Thai army set for Stryker procurement

    The Royal Thai Army (RTA) has placed a bid to procure the M1126 Stryker 8×8 infantry combat vehicle (ICV) produced by General Dynamics Land Systems, the RTA announced on 14 May. The deal, which reflects the reinvigorated US-Thailand defence ties, will feature the RTA’s acquisition of 37

  • Belgian companies pitch capabilities to General Atomics

    Belgian industry is due to present several capabilities and technologies to General Atomics Aeronautical Systems (GA-ASI) that could potentially be incorporated into Brussels’ acquisition of the MQ-9B SkyGuardian unmanned aerial vehicle (UAV). A so-called Blue Magic Belgium research and

  • Tata and L&T receive approvals for Indian investment plans

    The Tata group and a joint venture (JV) between Larsen & Toubro (L&T) and European missile manufacturer MBDA have received approvals from the Indian government to establish defence production facilities in separate locations in southern India. The government’s department of commerce

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