Tag: Defense industry news

BAE Systems wins $37m contract to develop advanced missile launch system

businessnewstoday- July 9, 2023

BAE Systems has secured a $37 million contract from the U.S. Department of Defense Ordnance Technology Consortium (DOTC) to engineer the Next Generation Evolved SeaSparrow ... Read More

GE Aerospace, Hindustan Aeronautics unite for fighter jet engine production

businessnewstoday- June 25, 2023

GE Aerospace has signed a memorandum of understanding (MOU) with Hindustan Aeronautics Limited (HAL) to jointly produce fighter jet engines for the Indian Air Force, ... Read More

Bharat Electronics wins Rs 3.8bn contracts from Ministry of Defence

businessnewstoday- March 24, 2023

Bharat Electronics Limited (BEL) has bagged a couple of contracts worth INR 3,800 crores from the Indian Ministry of Defence (MoD) for the delivery of ... Read More

Bharat Electronics, DRDO’s ADA to partner on Advanced Medium Combat Aircraft program

businessnewstoday- February 22, 2023

Bharat Electronics Limited (BEL) has entered into a memorandum of understanding (MoU) with Aeronautical Development Agency (ADA) under Defence Research and Development Organisation (DRDO), for ... Read More

Lockheed Martin to deliver America’s first sea-based hypersonic strike capability

businessnewstoday- February 18, 2023

Lockheed Martin is teaming up with the US Navy to integrate hypersonic strike capabilities into surface vessels under an initial contract worth $1.1 billion to ... Read More

BAE Systems announces successful testing of Lockheed Martin Skunk Works small UAS on ACV C4/UAS

businessnewstoday- February 16, 2023

BAE Systems said that it has carried out a successful testing with Lockheed Martin Skunk Works of Stalker as well as the Indago smaller uncrewed ... Read More

L3Harris Technologies to deliver VAMPIRE weapons systems to Ukrainian Army

businessnewstoday- January 8, 2023

L3Harris Technologies has bagged a contract worth $40 million from the US Department of Defense (DoD) for the supply of 14 Vehicle Agnostic Modular Palletized ... Read More

L3Harris Technologies to buy aerospace and defense firm Aerojet Rocketdyne

Raghuram Kadari- December 20, 2022

L3Harris Technologies has agreed to acquire rival aerospace and defense firm Aerojet Rocketdyne, a subsidiary of Aerojet Rocketdyne Holdings, in an all-cash transaction valued at ... Read More

BAE Systems bags $295m contract for modernizing USS Kearsarge from US Navy

businessnewstoday- December 14, 2022

BAE Systems has bagged a contract worth $294.7 million from the US Navy to drydock and carry out more than 20 months of maintenance and ... Read More

Rheinmetall to acquire ammunition maker Expal Systems for €1.2bn

Raghuram Kadari- November 15, 2022

Germany’s Rheinmetall has agreed to acquire Spain-based ammunition maker Expal Systems from MaxamCorp. Holding for an enterprise value of €1.2 billion. The acquisition is expected ... Read More