Boeing has secured $35 billion in financing to cushion itself against the financial ramifications of an ongoing workers’ strike, which has significantly hampered production and delivery schedules. The planemaker announced that it would raise $25 billion through stock and debt offerings, coupled with an additional $10 billion from four major banks. The strike, which involves […]
Airbus Helicopters has been awarded a contract to supply 12 H225M multi-role helicopters to the Republic of Iraq, marking a significant expansion of the Iraqi Army Aviation Command’s capabilities. The contract was signed in Baghdad by Iraq’s Minister of Defence, Thabet al-Abbassi, in the presence of French Ambassador Patrick Durel. The new helicopters are expected […]
In a significant move for India’s defence sector, the Ministry of Defence, Government of India, has awarded Larsen & Toubro (L&T) a prestigious contract valued between Rs 5,000 crores and Rs 10,000 crores. This contract mandates L&T to supply High Power Radars (HPR) to the Indian Air Force (IAF), a key component in strengthening the […]