Archive: International

China Overtakes U.S. Industrial Output, Powering A Huge Military Buildup

Report Says China Moving To Superpower Role As It Spends Almost 4 Percent Of GDP On Arms Chinese Industrial Output To Be 50 Percent Greater Than U.S. Production In Five Years, But U.S. Still Gives China Financial Aid China has become a manufacturing leviathan, overtaking the United States — the largest economy on the planet […]

Switzerland To Spend $535 Million On F/A-18C/D Upgrades

Switzerland is looking to spend $535 million for the sale of “Upgrade 25 Program” equipment to enhance survivability and communications connectivity and to extend the useful life of 33 Swiss Air Force (SAF) F/A-18C/D aircraft, the Defense Security Cooperation Agency (DSCA) reported. This phase of the F/A-18C/D “Upgrade 25 Program” will include: 20 AN/ASQ-228A(V) Advanced […]

Boeing Signs 10-Year MoU With Hindustan Aeronautics Ltd.

Boeing [BA] and India’s Hindustan Aeronautics Limited (HAL) announced Dec. 20 signing a 10-year Memorandum of Understanding (MoU) intended to bring more than $1 billion of new aerospace manufacturing work to India. The agreement, signed in New Delhi by Jim Albaugh, president and CEO of Boeing Integrated Defense Systems, and Ashok Baweja, chairman of HAL, […]

QinetiQ Moves Into Australian Defense Market Through Two Acquisitions

Britain’s QinetiQ this week said it has agreed to acquire two Australian defence consulting firms for $17.7 million in cash, marking the company’s first investment in that country as part of its growth plans in Europe, the Middle East and Australasia. QinetiQ is acquiring Ball Solutions Group, a subsidiary of United States-based Ball Aerospace and […]

BAE SYSTEMS Acquiring Services Provider MTC Technologies

Britain’s BAE SYSTEMS last month said it has agreed to acquire MTC Technologies, Inc., [MTCT] in a $450 million deal that gives it access to new customers in the Defense Department for technical solutions and services. BAE will pay $24 in cash for each share of MTC’s common stock and assume net debt of $81 […]

U.K. Spending $1 Billion For 10 Reaper UAVs

The United Kingdom is looking to spend upward of $1.07 billion for the sale of 10 General Atomics Aeronautical Systems (GA-ASI)-built Reaper Unmanned Aerial Vehicle (UAV) aircraft as well as associated equipment and services, the Defense Security Cooperation Agency (DSCA) reported yesterday. In addition to the 10 MQ-9 UAVs, the United Kingdom is seeking five […]

BAE SYSTEMS Selling Electronic Warfare Unit To Cobham

BAE SYSTEMS last month said it has agreed to sell its Pennsylvania-based Surveillance and Attack business to Cobham plc, for $240 million in cash as it de- emphasizes its role as a subsystem provider. The deal is expected to close in the first quarter of 2008. Both BAE and Cobham are headquartered in the United […]

Kuwait Spending $328 Million To Replenish TOW-2 Missile Stock

Kuwait is looking to spend $328 million for a possible sale of 2,106 TOW-2A Radio Frequency missiles, as well as associated equipment and services, according to the Defense Security Cooperation Agency (DSCA). Along with the 2,106 TOW-2A Radio Frequency missiles, Kuwait is seeking 21 Buy-to-Fly missiles, 1,404 TOW-2B Radio Frequency missiles, 14 Buy-to-Fly missiles, containers, […]

Morocco Spending $2.6 Billion For Aircraft, Equipment

Morocco is looking to spend upward of $2.4 billion for 24 F-16C/D Block 50/52 aircraft as well as associated equipment and services, according to the Defense Security Cooperation Agency (DSCA). Besides the 24 F-16s, which will be equipped with either the F100-PW-229 or F110-GE-129 increased performance engines and APG-68(C)9 radars, Morocco is seeking: five F100-PW- […]

QinetiQ Moves Into Australian Defense Market Through Two Acquisitions

Britain’s QinetiQ yesterday said it has agreed to acquire two Australian defence consulting firms for $17.7 million in cash, marking the company’s first investment in that country as part of its growth plans in Europe, the Middle East and Australasia. QinetiQ is acquiring Ball Solutions Group, a subsidiary of United States-based Ball Aerospace and Technologies […]