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If all goes well, sometime around 2035, the children or grandchildren of today's US Army aviators will begin strapping themselves into the cockpits of a brand-new fleet of helicopters.
The DoD office in charge of space systems announced an agreement with SpaceX, marking another major step for the upstart rocket company as it seeks to move in on the military launch market.
BAE Systems has appointed Centrica boss Roger Carr to replace Dick Olver as its chairman, Europe's top defense contractor announced today.
Finland has opened a potentially significant dialogue with Russia with the goal of identifying avenues for industrial cooperation.
With pressure on US defense contractors to cut costs and government research-and-development (R&D) spending facing new budget realities, the intelligence community is increasingly leaning on commercial companies to provide needed R&D, moving away from pas
Construction contracts worth more than $6 billion were awarded Monday to shipbuilders General Dynamics and Huntington Ingalls to build nine new DDG 51 Arleigh Burke-class destroyers, the US Navy announced, with an option for a tenth ship.
US President Barack Obama's intention to limit aerial drone strikes could slow demand for armed unmanned aircraft, but some experts are sticking by previous forecasts of a robust market for remotely piloted combat platforms.
Everyone from the US defense secretary to the service chiefs to industry executives at major companies are concerned about the health of the smaller, specialized parts suppliers that keep planes flying, ships steaming and trucks on the road.
BAE Systems has struck a teaming deal with state-owned Polish Defense Holding to compete for the Central European country's upcoming tracked fighting vehicle program.
Alenia Aermacchi has signed a partnership deal with General Dynamics Canada and DRS Technologies Canada Ltd. to compete the C-27J tactical transport aircraft in the Royal Canadian Air Force's pending fixed-wing search-and-rescue replacement program.
Pratt & Whitney has signed a $1 billion contract for the fifth batch of F-35 Joint Strike Fighter engines and expects to sign a sixth contract shortly, according to the company's head of military engines.
Late last year, a small Alabama defense firm hit the big leagues.
A. We often talk about the DoD being an anchor customer mainly because they were technically one of our first customers when we started in 2000, in this incarnation.
Indian Prime Minister Manmohan Singh pledged Thursday to crack down on corruption in the defense sector after a string of recent graft scandals left his government facing renewed calls to step down.
US Secretary of State John Kerry arrived in Oman on Tuesday aiming to help finalize an estimated US $2.1 billion deal to supply a US-made air-defense system to the Gulf nation.
With US and European defense spending cuts clouding future prospects, contractors have been hitting the export trail in an effort to retain their order backlogs.
Israeli annual export sales of unmanned aerial systems (UAS) averaged US $578 million over the past eight years and should grow by up to 10 percent yearly through 2020, according to Frost & Sullivan.
France expects the US will soon approve the speedy shipment of two Reaper surveillance drones after sending a formal request in early May, American and French sources said.
Faced with a new budget reality, industry and the Pentagon are looking for ways to streamline contracting and pursue new innovations, a panel of CEOs said today.
The Department of Homeland Security has taken a positive step in one of the longer running procurement sagas of recent years, issuing downselect notices to several contractors to compete in the next phase of a controversial border security program, source
India's Ministry of Defence has floated a competition for gun/missile systems for the Army. And in a first for the MoD, it is asking domestic companies to participate along with overseas firms.
At the foot of the Balkan mountains, the Bulgarian town of Sopot remembers with nostalgia its glory days as a booming arms industry center under communism.
While no decision has been made to blacklist Italian helicopter maker AgustaWestland over alleged bribery charges, sources within the Indian Defence Ministry say officers there believe neither the firm nor parent company Finmeccanica should be banned from
A new Italian law guaranteeing the government's influence over strategic companies will be put to use for the first time as General Electric (GE) purchases the aviation activity of Italian propulsion firm Avio.
A new industry report warns of a coming U.S. national security crisis that could be spawned by a 'growing and dangerous' reliance on combat system components and raw materials purchased from foreign sources.
Turkey has imposed sanctions on Boeing for major delays in the US company's spy plane program, a top Turkish official said. But Turkish leaders are not disclosing the penalties, citing commercial secrecy.
Selex ES has secured export contracts for its LINAPS artillery-pointing system from armed forces in the United Arab Emirates, Poland and New Zealand, the Finmeccanica-owned company announced Wednesday.
Giuseppe Orsi, the former CEO of Italian group Finmeccanica, will stand trial on June 19 on accusations of corruption linked to a 2010 deal to sell AW101 helicopters to India.
Every major US defense contractor is busy building a new cyber center or announcing a revolutionary new cyber tool.
ThalesRaytheonSystems (TRS) expects sales of digital Ground Master (GM) air defense radars to France to slow, but the French-American joint venture is bullish on prospects elsewhere in Europe and in North Africa, the Middle East and South America, CEO Jac
Defense spending cuts are starting to take a toll on the economy, further slowing a sluggish jobs recovery.
Northrop Grumman has appointed former British Ministry of Defence procurement boss Andrew Tyler as chief executive of the company's UK and European operations.
India's decision to buy foreign weapons only if it can't find a domestic source is likely to drive more joint ventures between Indian and international firms, while further slowing down an already notoriously slow and tedious procurement system.
On the same day in March that Lockheed Martin warned that sequestration could lead to thousands of employee furloughs and layoffs, America's largest federal contractor disclosed it had just boosted the compensation of its former chief executive officer by
Top Brazilian plane maker Embraer and Italy's AgustaWestland have dropped joint-venture talks to produce the Anglo-Italian company's helicopters in the South American country.
An indigenous basic trainer aircraft that Turkey designed and has been developing is going through a final round of tests before it makes its maiden flight in June, according to officials from its maker, Turkish Aerospace Industries (TAI).
Italy's Finmeccanica announced a net loss of €786 million (US $1.02 billion) for 2012 on Feb. 23, due mainly to a write-down of the value of US electronics unit DRS.
Outgoing Eurocopter Chief Executive Lutz Bertling said he is 'pretty confident' France will come through with an order for more NH90 Army helicopters, but the number of units might be smaller than expected.
Cyber espionage is on the rise, and increasingly Chinese attackers are targeting critical infrastructure, probing networks to see what they can get away with, a new report from Verizon released Tuesday found.
French aerospace group Safran raised on Tuesday its 2013 sales target after posting an annualized 9.5 percent jump in the first quarter of the year and said it would buy Rolls-Royce's half of a helicopter engine joint venture.
Hardly a day passes without a Turkish defense company proudly announcing that it has designed, developed and produced a weapon system the country would normally buy off-the-shelf from a foreign supplier.
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