Industry
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IAI teams up with local firm to build Bird-Eye UAS in India
Israel Aerospace Industries (IAI) has signed an agreement with India's Alpha Design Technologies for the production and marketing of mini unmanned aerial systems (UAS) in India. Under this agreement, Alpha will undertake the production of IAI's Bird-Eye 400 and Bird-Eye 650 mini UAS, while the
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Indonesia and Boeing look for Chinook co-operation
Indonesia and Boeing are exploring co-operation in relation to the company's CH-47 Chinook heavy-lift helicopter, the Indonesian Ministry of Defence (MoD) has stated. Indonesian defence minister Ryamizard Ryacudu and Yeong-Tae Pak, Boeing vice-president for Indonesia and Malaysia, discussed a
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Putin passes responsibility for military-industrial programme to the federal cabinet
Russian president Vladimir Putin has transferred the power of approval for the annual State Programme for the Development of the Defence Industry to the federal cabinet. Previously, responsibility for the annual programme resided with Putin himself. The amendment was adopted by the state duma on
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Rolls-Royce reports first sales fall for a decade
Military propulsion and energy group Rolls-Royce has reported its first sales fall for a decade, with reduced spending in defence domains partly to blame. The UK headquartered group said on 13 February that revenues declined 6% to GBP15.5 billion (USD23.8 billion), while pre-tax earnings fell 8% to
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South Korea's HHI blames losses on rising costs
South Korean shipbuilder Hyundai Heavy Industries (HHI) - one of the country's primary naval shipyards - has attributed losses in fiscal year 2014 to rising costs. The company said in a statement on 12 February that annual sales declined 3% to KRW52.5 trillion (USD47.8 billion) while net income
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Mergers and acquisitions 2014: full-year report
The tempo of M&A activity in the defence and security markets held steady during 2014, although the aggregate value of deals doubled as a result of a few transformational transactions. Guy Anderson reports -
Offset challenges
India's defence offset policy is in need of reform in order for the country's defence industrial base to take full advantage of extensive military modernisation. Jon Grevatt reports -
US foreign policy priorities through to 2017
US presidents are traditionally weaker as they approach the last years of their mandate. Chuck Cushman analyses which global hotspots and foreign policy issues will demand presidential attention in the coming two years, and what role Congress might play.