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  • LONDON, July 10- International demand for U.S. weapons systems is expected to continue growing in coming years, a senior U.S. Air Force official said on Sunday, citing strong interest in unmanned systems, munitions and fighter jets. U.S. arms sales approved by the Pentagon's Defense Security Cooperation Agency rose 36 percent to $46.6 billion in the fiscal year...

  • U.S. Army soldiers in Afghanistan

    A US federal agency claims the U.S. military could save up to $5.7 billion annually by replacing soldiers with civilians.

  • Defensive defense investing?

    CNBC's Jane Wells looks at how the Brexit referendum outcome has affected the defense sector.

  • Major defense and aerospace companies are warning Britain must work quickly to arrange clear trading relationships or risk losing business.

  • Global defense trade market blows up to $65B

    The US remains as the world's largest exporter, supplying $22.9-billion worth of military equipment.

  • WASHINGTON, May 31- Boeing Co was awarded a $3.2 billion contract modification to a previously awarded contract for Joint Direct Attack Munition tailkits, the Pentagon said on Tuesday.

  • NEW DELHI/ MUMBAI, May 30- Anil Ambani's Reliance Group has never made a military helicopter, missile system or submarine in its history but that isn't stopping the Indian tycoon from seeking to win contracts to manufacture all of that military hardware and more. Modi has made defense a big part of his "Make in India" programme. As part of any defence contract, he is...

  • OTTAWA, May 26- Canada, which has repeatedly put off a decision on replacing its aging CF-18 fighter jets, could be in a position to order a fleet of new planes by 2020, the defense department said on Thursday. In a guide to defense firms posted online, the Department of National Defence said it hoped to award the contract between 2018 and 2020 and said the final jets...

  • *16 NATO allies spent more on defence in real terms in 2015. LINKOPING, Sweden/ BRUSSELS, May 18- Pressure from the United States on NATO allies to increase their defence spending could strain the capacity of the arms industry to keep up with demand, the head of Swedish fighter jet and submarine builder Saab said. Military spending stagnated for so long after the Cold...

  • Trader: Buy aerospace & defense sector

    FMHR trader Josh Brown says all the sequestration worries are over, and defense spending is going higher.

  • WASHINGTON, May 10- The U.S. Navy has sent Lockheed Martin Corp three requests to correct problems, including propulsion-related issues, with the Littoral Combat Ship program dating back to May of last year, a Navy spokesman said on Tuesday. Navy officials, however, say the costs have fallen sharply and the ships are performing well. Navy spokesman Dale Eng said in a...

  • WASHINGTON, May 6- Harris Corp was awarded a $405.5 million contract for the sale of military radio systems to Morocco, the Pentagon said in a statement on Friday.

  • WASHINGTON, May 6- The U.S. administration is seeking to approve a sale of as many as 12 A-29 Super Tucano light attack aircraft to Nigeria to aid its battle against the extremist group Boko Haram, U.S. officials say, in a vote of confidence in President Muhammadu Buhari's drive to reform the country's corruption-tainted military. The possible sale-- which the...

  • *Other choppers, planes, patrol boats on Singapore shopping list. SINGAPORE, May 4- Singapore will soon pick the winner of a $1 billion tender for military utility helicopters, the first of several lucrative deals the island nation is pursuing as it modernises its air force and navy amid rising tensions in the region. Modern military technology also helps...

  • CAPE CANAVERAL, Fla., April 28- The U.S. Air Force will save 40 percent by buying a GPS satellite launch from Elon Musk's SpaceX compared with what United Launch Alliance has been charging, the head of the Space and Missile Systems Center said on Thursday. The Air Force on Wednesday awarded SpaceX an $83 million contract to launch the satellite, breaking the monopoly...

  • CAPE CANAVERAL, Fla., April 27- The U.S. Air Force on Wednesday awarded billionaire Elon Musk's SpaceX an $83 million contract to launch a GPS satellite, breaking the monopoly that Lockheed Martin Corp and Boeing Co have held on military space launches for more than a decade. The Global Positioning System satellite will be launched in May 2018 from Florida, Air...

  • CAPE CANAVERAL, Fla., April 27- The U.S. Air Force on Wednesday awarded billionaire Elon Musk's SpaceX an $83 million contract to launch a GPS satellite, breaking the monopoly that Lockheed Martin Corp and Boeing Co have had on military space launches for more than a decade. The Global Positioning System satellite will be launched in May 2018, Air Force officials...

  • People visit on October 28, 2014 the DCNS stand at the Euronaval naval defense equipment fair in le Bourget, south of Paris.

    State-controlled DCNS has won a $40B contract to build Australia's new fleet of submarines, beating out bids from Germany and Japan.

  • *France seen winning bid for lucrative deal over Japan, Germany. SYDNEY/ TOKYO, April 26- Australia has awarded the A $50 billion contract to build the country's new fleet of submarines to French naval contractor DCNS, sources said on Tuesday, dealing a major blow to Japan's nascent defence export industry. Australia's Prime Minister Malcolm Turnbull will...

  • SYDNEY/ TOKYO April 19- Japan's advanced attack Soryu submarine carried out drills with Australia's navy on Tuesday as a German company launched a campaign to advertise its expertise- as a race for a A $50 billion contract to build Australia's next submarine fleet neared a climax. Australia intends to buy 12 new submarines, a centrepiece of its defence strategy...