Jane's Defence Weekly

Business

Raytheon launches missile defence business
Raytheon has created a new product line for missile defence products, the company announced on 17 March. Frank Wyatt, formerly in charge of Raytheon's ...
19-Mar-2010

US, Russia account for half of global arms sales, says SIPRI
Russia and the United States dominated the international arms export market from 2005-09, although there was significant growth for other exporters, most notably France and...
16-Mar-2010

Lockheed Martin eyes cyber-security acquisitions
Lockheed Martin will focus its acquisition efforts on cyber assets during 2010 as it seeks to meet the pressing strategic needs of Western governments, according...
15-Mar-2010

CHC puts Australian subsidiary up for sale
The Australian subsidiary of the CHC Helicopter Corporation has been put up for sale, Jane's has learnt. CHC Helicopters (Australia), based in Adelaide,...
12-Mar-2010

Indonesia moves to revitalise indigenous defence industries
The Indonesian government is seeking to frame its commitment to revitalise local defence industries under a presidential decree recently issued to the House of ...
11-Mar-2010

Pakistan Ordnance Factories requests $250m to meet production backlog
State-owned Pakistan Ordnance Factories (POF) has requested a government grant of USD250 million to modernise its ageing facilities and help meet a growing production ...
11-Mar-2010

BAE Systems case could 'undercut basis' of proposed US/UK defence trade treaty
The temporary moratorium announced by the US State Department on new export licences submitted by BAE Systems and the company's recent settlement with the...
09-Mar-2010

Airbus partners finally reach A400M deal with EADS
EADS and the launch customers of the A400M military transport aircraft have reached an agreement in principle to save the troubled programme, under which ...
08-Mar-2010

In Brief: Babcock-VT information exchange
Babcock International and VT Group have agreed an exchange of information following an announcement from the latter that it has dropped its bid for...
08-Mar-2010

In Brief: Triumph acquires Fabritech
Triumph Group - the US defence aerospace components and maintenance services supplier - has announced the acquisition of Fabritech: its sixth purchase since the ...
08-Mar-2010

In Brief: Boost for Chinese industries
Chinese state-owned defence industries will receive a number of unspecified financial benefits under legislation passed by the Standing Committee of the National People's Congress ...
08-Mar-2010

*Foreign firms eye Indian JVs in face of FDI rules
BAE Systems India is continuing discussions with a number of locally based shipbuilding companies with a view to forming an industrial partnership to develop and...
08-Mar-2010

BAE Systems sale of Saab stake reflects strategic objectives
BAE Systems has agreed to sell half of its 20.5 per cent stake in Swedish aerospace and defence group Saab to majority owner Stockholm-based ...
08-Mar-2010

UK injunction halts BAE deal with Serious Fraud Office
The UK High Court has granted an injunction against the Serious Fraud Office (SFO) to prevent it from proceeding with a bargain struck with BAE...
05-Mar-2010

AgustaWestland's Indian JV to mark first step of greater market push
AgustaWestland's planned joint venture (JV) in India will be part of an expanded in-country presence that will aim to exploit rapidly expanding business opportunities,...
03-Mar-2010

Babcock given ultimatum over VT Group bid
Babcock International has been given until 1700 hours (GMT) on 12 April to make a firm offer for VT Group or to back away. ...
02-Mar-2010

Chinese industry set to benefit from defence mobilisation law
Chinese state-owned defence industries will receive a number of unspecified financial benefits under legislation passed by the Standing Committee of the National People's Congress ...
01-Mar-2010

Raytheon boosts Australian cyber security capacity with Compucat deal
Raytheon Australia has acquired the business assets previously owned by Canberra-based Compucat Research, a company that specialises in providing information security for defence and ...
24-Feb-2010

L-3 ends acquisitions drought with Insight takeover
L-3 Communications has broken its year-long break from making acquisitions with the announcement of the intention to purchase Insight Technology, a manufacturer of night vision...
24-Feb-2010

BAE Systems says FRES - Scout and WCSP wins are vital to its land interests
BAE Systems has warned that its UK military land vehicle concerns will become a "dwindling support services business" should the group fail to be selected...
23-Feb-2010

*The evolution of defence trade
The United States' position as the world's dominant military exporter since the Cold War-era is swiftly being eroded by the growth in Russian and ...
22-Feb-2010

Russia looks to France for LAVs
Panhard of France has begun preliminary talks with Russia over the sale of light armoured vehicles (LAVs), Jane's has learned. The talks follow reports ...
22-Feb-2010

A400M customers outline positions
EADS has confirmed that it has received a letter from the A400M airlifter launch customers outlining their position and proposed changes to the initial ...
22-Feb-2010

Saab seeks new chief
Saab president and chief executive Åke Svensson will step down from the helm of the Swedish defence and aerospace group on 1 September to ...
22-Feb-2010

BAE refuses to rule out job cuts
BAE Systems has said it is "too soon" to assess what effect the loss of the Family of Medium Tactical Vehicles (FMTV) contract to...
22-Feb-2010

*Rejection of VT Group's offer sets scene for takeover tussle
VT Group has rejected a revised takeover bid from defence and engineering firm Babcock International, arguing that the offer continues to "significantly undervalue" the ...
22-Feb-2010

*France seeks UK collaboration
France is looking to build on existing defence industrial co-operation with the UK across a wide range of capabilities and regards the period leading ...
22-Feb-2010

SENER and Rolls-Royce become sole ITP partners
Spanish engineering group SENER and Rolls-Royce of the UK have become the sole partners in engine maker ITP (Industria de Turbo Propulsores), after SENER ...
19-Feb-2010

Israeli-Indian partnership progress hindered by FDI concerns
State-owned Bharat Electronics Limited (BEL) and Israel's Rafael are discussing the possibility of forming a joint venture (JV) in India to develop advanced missile...
19-Feb-2010

A400M launch customers outline current position
EADS has confirmed that it has received a letter from the A400M air lifter launch customers outlining their current position and proposed changes to ...
18-Feb-2010

Private Indian defence companies land 50% of offset work, minister reveals
Figures announced by a senior Indian defence official at the Defexpo 2010 event in New Delhi on 16 February revealed that private industries are ...
17-Feb-2010

Oshkosh rules out bid for BAE Systems' Sealy plant
Oshkosh has ruled out buying BAE Systems' plant in Sealy, Texas, for the manufacture of vehicles under the US Family of Medium Tactical Vehicles ...
15-Feb-2010

SAIC completes CloudShield takeover
Science Applications International Corporation (SAIC) completed its acquisition of cyber-security and management solutions provider CloudShield Technologies on 9 February. Based in Sunnyvale, California, CloudShield...
15-Feb-2010

BAE cuts UK submarine jobs after workload review
BAE Systems Submarine Solutions is to cut up to 230 jobs at its facility in Barrow-in-Furness, while the future size of the Astute class nuclear-powered...
15-Feb-2010

*BAE Systems' settlement does little to harm its future prospects
BAE Systems' announcement on 5 February that it had agreed to pay penalties of almost USD450 million to the US Department of Justice (DoJ) and...
15-Feb-2010

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