• Rohde & Schwarz buys out LANCOM Systems stake

    Rohde & Schwarz (R&S) is acquiring the remaining shares of IT company LANCOM Systems, which will become an independent subsidiary within the German technology company. R&S has held a majority stake in LANCOM Systems since November 2016, but will now own the company outright to bolster

  • South Korea announces defence reform programme

    Key Points Seoul outlines reforms to strengthen RoK military in light of continuing regional uncertainties The new initiative calls for efficiencies, the development of advanced technologies, and strong spending growth South Korea has announced a military reform programme that aims to strengthen

  • US eases India export licence requirements

    The United States government has said it will allow India to receive more US high technologies and military items without a requirement for individual export licences. US Commerce Secretary Wilbur Ross said in a statement on 30 July that the provision is in line with the United States'

  • India approves guidelines for strategic partner policy

    India’s Defence Acquisition Council (DAC), which is chaired by Defence Minister Nirmala Sitharaman, has approved the implementation of guidelines in support of the country’s Strategic Partner (SP) policy to boost defence industrial capabilities. The SP policy was published in May 2017

  • Rockwell Collins reports increased Q3 sales

    Rockwell Collins has reported a 5% increase in sales year on year for the third quarter of fiscal year 2018 (FY 2018), with an increase of 13% recorded for sales in its government division. Avionics sales for government customers increased by USD53 million, due in part to deliveries for fighter

  • Airbus Helicopters discussing H145M/C-17 combo with undisclosed prospective customer, likely Australia

    Airbus Helicopters is discussing with a potential customer a requirement to airlift some of the company’s H145M battlefield support helicopters aboard a Boeing C-17 Globemaster III strategic transport aircraft for rapid forward deployment. Speaking to reporters ahead of a live-fire

  • Austal closes in on Cape-class export deal

    Australian shipbuilder Austal is close to signing a contract with Trinidad and Tobago to build and supply two 58 m Cape-class patrol boats, the company announced on 30 July. The patrol boats will be operated by the Trinidad and Tobago Coast Guard, which in 2008 also ordered six 30 m fast patrol

  • FAdeA, Paramount sign collaboration agreement

    Argentina’s Fábrica Argentina de Aviones SA (FAdeA) and South African aerospace and defence firm Paramount Group have signed a Memorandum of Understanding (MOU) to increase defence industrial collaboration. The agreement was signed on the sidelines of the BRICS summit held in

  • Taiwan proposes 5.6% defence budget increase

    The government of Taiwan has proposed a 2019 defence budget of TWD346 billion (USD11.3 billion), the Premier William Lai stated on 27 July. In comments reported by the state-run Central News Agency, Lai confirmed that 2019 military expenditure would increase by TWD18.3 billion – or 5.6%

  • L3 posts increased sales and earnings results

    Military communications specialist L3 Technologies generated sales of USD4.954 billion in the first half of 2018, up 5% year on year, according to financial results released on 26 July. The company’s operating income also increased by 8% to reach USD572 million for the period. All of

  • Airbus Defence revenue down 5% in first half

    Airbus Group released details of its financial performance in the first half of the year on 26 July, revealing sales of EUR24,970 million (USD29,037 million), down slightly from EUR25,175 million in the first half of 2017. Although the company’s adjusted measure of earnings before interest and

  • China’s CASIC secures finance deal

    The China Aerospace Science and Industry Corporation (CASIC) has signed an agreement with the China Development Bank (CDB) to support a range of initiatives related to industrial modernisation and defence research and development. In a press release on 24 July CASIC said that its financial

  • Raytheon reports rising profits

    US missile and defence electronics supplier Raytheon published its second-quarter results on 26 July, reporting strong growth in sales and earnings. The company’s revenues were up 5.5% compared with the same period in 2017, reaching USD6.62 billion. Year-on-year income growth was far stronger,

  • India increases industry licence approvals

    India has increased the number of domestic companies obtaining licences to undertake defence industrial activities. Citing a parliamentary reply by Minister of State for Defence Subhash Bhamre, the government’s Press Information Bureau (PIB) said on 25 July that the Department of Industrial

  • India updates defence procurement guidelines

    India’s Ministry of Defence (MoD) has updated its procurement processes in support of efforts to accelerate military modernisation. The changes were revealed in a document published by the MoD on 24 July and are applicable retrospectively from 21 June. The amendments, which affect mainly

  • UK reveals 2017 defence donations, G2G disposals

    The UK government has revealed the country’s donations and secondhand equipment sales with the publication of the 2017 Strategic Export Controls Annual Report. Equipment supplied by the UK government through gifts included: GBP15.6 million (USD20.5 million) worth of communications equipment,

  • India ready to sign COMCASA pact with United States

    India is poised to sign the Communications Compatibility and Security Agreement (COMCASA) with the United States after nearly 15 years of negotiations to enable the transfer of advanced secure and encrypted communication systems. Official sources told Jane’s on 26 July that COMCASA was likely

  • UK launches White Paper on M&A regulations

    Key Points National Security and Investment White Paper outlines areas where UK government may intervene in foreign buy-outs or investments The proposals are designed to secure the UK’s intellectual property and competitive advantage, as well as national security The UK government launched

  • Japan indicates possible Tempest collaboration with UK

    Japan is considering engaging with the United Kingdom on its newly disclosed Combat Air Strategy and its plans to develop the Tempest future fighter aircraft, a model of which was unveiled at the 2018 Farnborough International Airshow in mid-July. This engagement will proceed through Japan’s

  • Boeing begins assembly of second and third Chinook Block 2 EMD aircraft

    Key Points The second and third Chinook Block 2 EMD aircraft are in assembly Assembly is a milestone of the programme and its Block 2 enhancements Boeing is assembling the second and third Chinook Block 2 engineering and manufacturing development (EMD) heavy-lift helicopters and expects them to

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