HEADLINES

  • Malaysian navy outlines domestic shipbuilding target

    Key Points The Royal Malaysian Navy wants to support local capability development to ease the challenges of diversification However, near-term opportunities remain unlikely given Malaysia’s continuing economic constraints The Royal Malaysian Navy (RMN) has outlined a requirement to support

  • UK MoD invests in Dreadnought build, opens submarine academy

    The UK Ministry of Defence (MoD) has invested GBP400 million (USD510 million) into the build of the Royal Navy’s (RN’s) future Dreadnought-class submarine nuclear deterrent capability, as well as opening a new training academy to boost the skill capability of employees working on

  • Kongsberg expands profile in Australia

    Norwegian defence group Kongsberg has expanded its presence in Australia with the opening of a new office in Canberra, the company has announced. The new facility, opened in late November, will support the company’s business development efforts in the country. The investment also increases

  • China’s CSIC secures ‘international credit line’ worth USD7.3 billion

    The China Shipbuilding Industry Corporation (CSIC) has signed a deal with the Bank of Shanghai to gain access to CNY50 billion (USD7.3 billion) in credit. The agreement is expected to support a range of industrial activity and is the latest in a series of similar deals announced in recent years.

  • Korea Aerospace Industries secures surveillance satellite project

    Korea Aerospace Industries (KAI) has won a contract from South Korea’s Agency for Defense Development (ADD) to develop and build a network of surveillance satellites, the company said in a stock exchange filing on 5 December. KAI said the deal, which reportedly features five satellites, is

  • Serco wins deal to support Rafael systems on board RAN ships

    The Australian subsidiary of UK services group Serco has won a contract from the Royal Australian Navy (RAN) to provide maintenance support for weapons and systems produced by Israel’s Rafael Advanced Defense Systems, it was announced on 5 December. Serco said in a press release that it will

  • Naval Group strengthens position in Egypt

    France’s Naval Group announced on 3 December that it had signed a five-year in-service support agreement with the Egyptian Navy. The agreement covers vessels supplied by Naval Group to Egypt, and will be managed by a new Naval Group subsidiary business in the Egyptian port of Alexandria. A

  • Saab creates new radar business

    Swedish defence technology firm Saab announced on 5 December that it is to merge two of its radar businesses into a new Radar Solutions business unit. Airborne Surveillance Systems and Surface Radar Solutions – both within Saab’s Surveillance business area – will combine

  • Airbus Helicopters pulls out of Polish naval helo programme

    Airbus Helicopters has withdrawn from Poland’s naval helicopter acquisition, citing the combination of offsets and small size of the procurement programme as being behind the decision. A company spokesperson confirmed the move to Jane’s on 5 December, stating that the offset

  • Navantia and unions agree on redundancies in new plan

    Spanish shipbuilder Navantia is set to lay off 2,200 workers through early retirement and recruit 1,650 new staff through to 2022. The company, part of state holding group SEPI (Sociedad Estatal de Participaciones Industriales), said on 4 December that the change forms the basis of an agreement

  • Australia looks to spur SME engagement in navy projects

    Small and medium-sized enterprises (SMEs) in Australia have been encouraged to engage with the country’s programmes to build future frigates and submarines at industry events held in Adelaide during 3–5 December. BAE Systems, which has been selected to supply Australia with its

  • Indonesia prepares defence MOUs in line with diversification strategy

    The Indonesian Ministry of Defence (MoD) said on 4 December that it is drafting new defence co-operation agreements with Spain and Serbia as part of continuing efforts to diversify its military trade and industrial partnerships. The MoD said that the accords will be framed by separate memorandum of

  • UK P-8 Poseidon programme hit by USD167 million foreign exchange hike

    Currency devaluations have caused a USD167 million cost hit to the UK’s project to buy nine Boeing P-8A Poseidon maritime patrol aircraft, according to new data revealed to Jane’s . A Ministry of Defence (MoD) spokesman told Jane’s on 27 November that foreign exchange fluctuations

  • Private equity firm acquires majority stake in Navistar Defense

    US truck and armoured vehicle manufacturer Navistar is to sell a 70% stake in its defence business, the company announced on 3 December. Cerberus Capital Management, a private equity firm, has agreed to buy the majority share in Navistar Defense, which produces light military vehicles including the

  • Indian Navy cashes in Reliance bank guarantee

    The Indian Navy (IN) has cashed in a bank guarantee provided by domestic shipbuilder Reliance Naval and Engineering Limited (RNEL) following delays in the company’s programme to supply Project 21 naval offshore patrol vessels (NOPVs) to the service, IN Chief of Staff Admiral Sunil Lanba

  • Japan looks to reduce FMS ‘burden’

    Japan is seeking to reduce the ‘burden’ of spending on US military equipment through the Foreign Military Sales (FMS) mechanism, Japanese Defence Minister Takeshi Iwaya said in comments published by the Ministry of Defence (MoD) on 3 December. In comments made during a MoD recent press

  • KAI enters Surion talks with Philippines

    Korea Aerospace Industries (KAI) has started talks with the Philippines about a potential sale of its KUH-1 Surion twin-engine utility helicopter, the company has confirmed to Jane’s . The platform, which has yet to secure export orders, is believed to be positioned for the Philippine Air

  • Update: Japan considers defence spending recalculation

    Japan is considering a change in the way it calculates military spending to provide a boost to the proportion of national GDP it allocates towards its defence budget. Japanese Defence Minister Takeshi Iwaya said in a press conference on 27 November that the move is being contemplated as part of its

  • Naval Ship Management awarded contract to sustain Australian LHDs

    The Australian Defence Force (ADF) has awarded Naval Ship Management (NSM) Australia, a 50/50 joint venture between engineering group UGL and Babcock, an AUD1.5 billion (USD1.1 billion) contract to support and sustain the Royal Australian Navy’s (RAN’s) two 26,800-tonne Canberra-class

  • GA-ASI seeks industrial partners in Japan

    General Atomics Aeronautical Systems (GA-ASI) has announced that it is seeking industrial collaboration partners in Japan. This move will help GA-ASI to develop technologies tailored towards the domestic market, the company said. GA-ASI is seeking to establish relationships with organisations that

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