Jane's Defence Weekly

Business

Ruag warns 2,000 jobs may be lost through export ban
Swiss defence group Ruag has warned that up to 2,000 jobs - almost one-third of its total workforce - could be lost if the ...
06-Nov-2009

Germany's Rheinmetall Defence and MAN truck manufacturers to create joint venture
Rheinmetall Defence and German truck manufacturer MAN look poised to finalise a joint venture (JV) for the production of military wheeled vehicles for use ...
05-Nov-2009

India's new procurement policy falls short of expectations
India is encouraging leading domestic firms to bid for more production contracts and to establish joint ventures and production arrangements with foreign companies through a...
30-Oct-2009

KKR poised to take over Northrop Grumman unit for $1bn+
Private equity firm Kohlberg Kravis Roberts & Co (KKR) is poised to take over Northrop Grumman's TASC government advisory services unit for more than ...
30-Oct-2009

BAE Systems completes purchase of BVT Surface Fleet
BAE Systems has completed the purchase of its partner VT Group's 45 per cent stake in the UK naval shipbuilding venture BVT Surface Fleet, ...
30-Oct-2009

Thales still 'aggressively' seeking inroads to US ISR market
Thales has "aggressively" sought acquisition targets in the United States' intelligence, surveillance and reconnaissance (ISR) sectors, although such efforts have so far been thwarted, ...
30-Oct-2009

*US Foreign Military Sales reach a new record
United States Foreign Military Sales (FMS) have risen by 465 per cent since 1998, reaching a new record, according to an announcement by the director...
30-Oct-2009

Eurocopter explains withdrawal from Indian attack helicopter contest
EADS subsidiary Eurocopter has withdrawn its EC 665 Tiger HAD combat platform from the Indian attack helicopter programme, the company confirmed to Jane's on...
30-Oct-2009

India defers foreign investment decision amid 'confusion'
The Indian government has announced another series of postponements to decisions related to the foreign direct investment (FDI) in defence joint ventures (JVs). The ...
30-Oct-2009

Hudson takes on new roles at BAE
BAE Systems has appointed Linda Hudson as chief operating officer of BAE Systems Plc and president and chief executive officer of its North American ...
30-Oct-2009

BAE completes BVT takeover
BAE Systems has completed the purchase of its partner VT Group's 45 per cent stake in the UK naval shipbuilding venture BVT Surface Fleet, ...
30-Oct-2009

QinetiQ chief executive stands down
Graham Love has resigned as chief executive of UK defence technology group QinetiQ after almost five years at the helm, it was announced on ...
30-Oct-2009

Raytheon takes over BBN
Raytheon has revealed that it paid around USD350 million to purchase BBN Technologies: a privately held defence and security mission solutions specialist. The deal ...
30-Oct-2009

Schiebel sells Camcopter to US Army
Schiebel Industries has secured its first sale to the US Department of Defense. It was announced on 26 October that the Schiebel Camcopter S-100 ...
30-Oct-2009

Russia's UAC absorbs MiG
MiG Aircraft Corporation has finally merged into Russia's United Aircraft Corporation (UAC): a move anticipated since the creation of UAC in 2006. Russian information ...
30-Oct-2009

Proposed Sino-Pakistani venture focuses on investment opportunities
Pakistan has proposed the formation of a finance company with Beijing to facilitate Chinese investment in a range of Pakistan industry sectors, including defence, ...
20-Oct-2009

Ultra boosts cyber-security business with Scytale acquisition
Fast-growing UK group Ultra Electronics has announced its fourth acquisition since the start of the year: a deal that reflects the general trend towards consolidation...
20-Oct-2009

Australia approves Land 17 artillery replacement programme
The Australian government has given second pass approval for the Land 17 artillery replacement programme, Defence Minister John Faulkner announced on 20 October. Land...
20-Oct-2009

L&T raises $600m to fund expansion
Larsen & Toubro (L&T) has raised USD600 million through selling bonds and shares to expand its defence business and other developing sectors, a spokesman ...
16-Oct-2009

UAS Dynamics eyes four programmes
UAS Dynamics - the joint venture of General Dynamics and Elbit Systems that was stood up in May to compete to meet United States ...
16-Oct-2009

Saab, Ultra explore VTOL UAS market
Saab and Ultra Electronics have reached agreement to explore market opportunities for vertical take-off and landing (VTOL) unmanned air systems (UASs). The two companies ...
16-Oct-2009

Rheinmetall, MAN embark on JV talks
Rheinmetall Defence and German truck manufacturer MAN have entered negotiations to form a joint venture (JV) for the production of military wheeled vehicles. A ...
16-Oct-2009

India, Russia look to extend co-operation, bolster defence ties
The pending 10-year extension to a formal military technical co-operation agreement between India and Russia is expected to deepen defence ties between the two ...
16-Oct-2009

Hellenic Shipyards feels strain of contract collapse
The future of Hellenic Shipyards is under discussion after its German parent ThyssenKrupp Marine Systems (TKMS) conceded that there is "no work" and "no ...
16-Oct-2009

Gray report urges partial privatisation of UK procurement arm
The UK government has rejected a recommendation by an independent review that UK Defence Equipment & Support (DE&S) - the procurement arm of the Ministry...
16-Oct-2009

BAE Systems warns investors of possible troubles on the horizon
BAE Systems has told investors that the implications of the loss of the long-running Family of Medium Tactical Vehicles (FMTV) contract to rival US ...
15-Oct-2009

Romania's Ministry of Economy becomes responsible for Avioane Craiova
Responsibility for Romania's state-owned aerospace venture Avioane Craiova has shifted to the Ministry of Economy following the failure of the country's Authority of State Assets...
15-Oct-2009

Japanese government reviews previous administration's defence budget
The Japanese government is considering an internal proposal to postpone the implementation of a key budget and procurement policy until late 2010, Jane's understands....
14-Oct-2009

Camber acquires Veritas Analytics as cyber-security consolidation gathers pace
Camber Corporation - a US provider of acquisitions management, training and engineering services to defence customers - has announced its second acquisition in little ...
14-Oct-2009

BVT Surface Fleet is set for a new identity
BAE Systems is to rebrand BVT Surface Fleet as BAE Systems Surface Ships following VT Group's imminent divestment from the shipbuilding and support joint ...
09-Oct-2009

China's XAC agrees purchase of Austrian manufacturer FACC
China's Xi'an Aircraft Industry Group (XAC) - a subsidiary of the country's giant Aviation Industry Corporation (AVIC) - has reached an agreement to purchase ...
09-Oct-2009

Investigation fails to halt KFX fighter proposal
A proposal to develop South Korea's next-generation Korean Fighter X (KFX) aircraft has been submitted to the government despite the continuing investigation over allegations ...
09-Oct-2009

PT Pal streamlines in effort to improve fortunes
Indonesia's state-owned shipbuilder PT Pal is to enter a two-year restructuring process next month in a bid to turn around the company's ailing finances, ...
09-Oct-2009

*China nears 'fifth stage' of its offsets strategy
The development of China's defence industrial base owes much to past partnerships with international companies: from accords with Russia in the military sectors to ...
09-Oct-2009

Australia requests US involvement in future submarine programme
Australia has invited US defence companies to participate in the design and development of the country's future submarine programme Sea 1000. Greg Combet, Minister...
06-Oct-2009

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