Hanwha Aerospace has received a contract to supply propulsion systems for South Korea’s KF-21 Boramae fifth-generation combat aircraft. Costing 623.2 billion won ($460.7 million), the deal includes 80 General Electric F414s manufactured domestically under license […]
Australian engineering company, Civmec, is to acquire shipbuilder Luerssen Australia from Naval Vessels Luerssen (NVL) for A$20 million. This strategic acquisition marks a significant milestone in Civmec’s evolution as a sovereign Australian shipbuilder and will […]
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Paris has raised its voice against any revision of the current EU rules on export control for defence gear within the EU. To reduce administrative burdens and speed up weapons production, the Commission proposed facilitating […]
Turkish Aerospace Industries (TAI) and Brazil’s Embraer have launched a strategic collaboration to conduct joint research and development (R&D) and manufacturing activities for both civilian and military platforms. Late Tuesday, Industry and Technology Minister Mehmet […]
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As Europe plans to pour billions of dollars into defense, many regional leaders are pushing for the money to be spent locally — but some market watchers say it’s inevitable that U.S. companies will benefit […]
The head of French warplane maker Dassault Aviation (AM.PA), delivered a blunt assessment of Europe’s turnaround on defence spending on Wednesday, saying the continent’s leaders had talked for decades about co-operation to little effect. CEO […]
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US-based BWX Technologies (BWXT) has been awarded US Naval Nuclear Propulsion Program contracts totalling approximately $2.1 billion to manufacture nuclear reactor components. Naval nuclear reactor component manufacturing and material procurement activities for Columbia and Virginia […]
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