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Defence`s Feeds

Sovereign wealth fund should support defence industry, says VEB vice-chairman

Jane's Defense News - Wed, 17/07/2019 - 02:00
Russian defence equipment manufacturers should be offered long-term, low-interest loans from the country’s sovereign wealth fund, a senior executive at Vnesheconombank (VEB) has said. Andrei Klepach, a former deputy economic development minister who is now vice-chairman of VEB, suggested on
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Textron raises full-year EPS guidance despite Q2 dip in revenues

Jane's Defense News - Wed, 17/07/2019 - 02:00
Textron has reported a USD500 million year-on-year drop in revenues for the second quarter of 2019, although it has improved its pre-tax profit margin and delivered higher earnings per share (EPS). Commenting on 17 July, Chairman and CEO Scott Donnelly hailed a “solid margin performance
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TRB takes Despot 4×4 APC to export market

Jane's Defense News - Wed, 17/07/2019 - 02:00
The Despot (4×4) mine-resistant ambush-protected vehicle – now in service with Bosnia and Herzegovina’s Republika Srpska in the armoured personnel carrier (APC) configuration – is being offered on the export market by its manufacturer, Tehnicki Remont Bratunac (TRB). The
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UK ramps up LMM firing activities

Jane's Defense News - Wed, 17/07/2019 - 02:00
The UK Royal Navy (RN) in early July conducted pilot surface-to-surface trials of the Thales UK Lightweight Multirole Missile (LMM) – designated ‘Martlet’ in RN service – from a frigate at an off-shore firing range in the Irish Sea. The trials, in which a five-round LMM
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UK to deploy second frigate to Gulf

Jane's Defense News - Wed, 17/07/2019 - 02:00
The UK’s Royal Navy (RN) will deploy a second Type 23 frigate to the Gulf, according to a 16 July announcement by the UK Ministry of Defence (MoD). “Later in the year, Type 23 frigate HMS Kent will deploy to the Gulf, taking over from HMS Duncan, ensuring an unbroken presence,” it
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US imposes sanctions on top Tatmadaw officials

Jane's Defense News - Wed, 17/07/2019 - 02:00
The United States has imposed sanctions on the commander-in-chief of the Myanmar Armed Forces (Tatmadaw), his deputy, and two other senior Tatmadaw officers for what Washington described as their involvement in a campaign of atrocities and “ethnic cleansing” against Myanmar’s
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Argentine Navy negotiates P-3C purchase from US

Jane's Defense News - Wed, 17/07/2019 - 01:00
The Argentine Navy confirmed on 16 July that it is negotiating with the US government regarding the acquisition of four Lockheed P-3C Orion maritime patrol aircraft (MPAs) to replace the P-3Bs assigned to its ‘Naval Air Exploration Squadron’ (Escuadrilla Aeronaval de Exploración).
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Austal projects strong growth for 2019–20

Jane's Defense News - Wed, 17/07/2019 - 01:00
Australian shipbuilder Austal has raised its earnings outlook based on the growing productivity of its shipyards in Asia, the company said on 16 July. Austal said that in fiscal year (FY) 2019, which ended 30 June, it expects EBIT of approximately AUD92 million (USD64.5 million) and revenues of
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Australia’s XTEK to acquire US armour specialist

Jane's Defense News - Wed, 17/07/2019 - 01:00
Australian firm XTEK, a developer of defence and security technologies, has agreed to acquire US firm HighCom Armor Solutions, a specialist in body armour and personal protective equipment. XTEK said on 17 July that the acquisition will be worth at least AUD3.6 million (USD2.5 million) and funded
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Brazilian Navy test-fires final MANSUP prototype

Jane's Defense News - Wed, 17/07/2019 - 01:00
The Brazilian Navy test-fired the third and final prototype of the locally developed MANSUP (Míssil Antinavio Nacional de Superfície) surface-to-surface anti-ship missile on 10 July. The missile was fired from one of the two ITL-10 twin missile launchers on board the Niterói-class
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Malaysia flexes missile capabilities in South China Sea amid fresh tensions

Jane's Defense News - Wed, 17/07/2019 - 01:00
Key Points The Royal Malaysian Navy has conducted anti-ship missile firings in the South China Sea The rare drills have come against the backdrop of fresh tensions in the disputed maritime region The Royal Malaysian Navy (RMN) conducted a rare show of its missile capabilities near the disputed
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