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  • NATO cyber war drills to focus on Russia: Expert Thursday, 23 Apr 2015 | 9:01 AM ET
    Hacking hacker cyber security

    NATO cyber security drills in Estonia this week are likely to mimic attacks launched by Islamic State extremists and Russia, one expert told CNBC.

  • Raytheon sales fall amid weak U.S. defense spending Thursday, 23 Apr 2015 | 7:06 AM ET

    April 23- U.S. weapons maker Raytheon Co, the maker of Tomahawk and Amraam missiles, reported a 4 percent fall in quarterly sales as U.S. defense spending remained weak. Net income attributable to Raytheon fell to $551 million, or $1.79 per share, in the first quarter ended March 29, from $596 million, or $1.89 per share a year earlier. Raytheon said on Monday that it...

  • FRANKFURT, April 23- Airbus has started approaching potential buyers for electronics and other assets it wants to sell to focus its defence division on warplanes, missiles, launchers and satellites, three sources familiar with the matter said. Europe's defence industry is struggling as cash-strapped governments cut military spending, and the asset sales...

  • OTTAWA, April 21- Canada's Conservative government pledged new cash in the federal budget on Tuesday to help pay for its mission against Islamic State forces and promised billions more for defense that the military will not see for several years. Defense Minister Jason Kenney said on April 1 that Ottawa's decision to extend its military operation against...

  • SAN FRANCISCO, April 21- The U.S. Department of Homeland Security is in the final stages of planning to set up a satellite office in California's Silicon Valley, aiming to build relationships with the technology industry and scout for talent there, the department's secretary said on Tuesday. "We want to convince some of the talented workforce here in Silicon...

  • Russian defence industry grows despite sanctions - PM Tuesday, 21 Apr 2015 | 6:17 AM ET

    MOSCOW, April 21- Russian state defence orders topped 1.9 trillion roubles in 2014, helping the defence industry grow despite Western sanctions over the Ukraine crisis, Prime Minister Dmitry Medvedev said on Tuesday. Medvedev told the lower house of parliament that Russia had sold $15 billion worth of military equipment abroad last year- some 3.2 percent of...

  • Ex-Indian Fin Min: Fighter jet deal not an issue   Sunday, 12 Apr 2015 | 6:31 PM ET
    Ex-Indian Fin Min: Fighter jet deal not an issue

    Palaniappan Chidambaram, former finance ministers of India, says India's government budget can accommodate the purchase of 36 Rafale fighter-bombers from France's Dassault Aviation.

  • April 8- A retired U.S. Army colonel has agreed to plead guilty to negotiating a job with financier Lynn Tilton's private equity firm while also taking steps to ensure a helicopter company that did business with the Department of Defense got paid faster. Court papers do not identify by name the helicopter company, MD Helicopters in Mesa, Arizona, or Patriarch...

  • Such expanded training and joint missions might extend through the South China Sea- where China, Vietnam, the Philippines and other nations have rival claims- to the Indian Ocean. Neither Tokyo nor Washington have territorial claims in the South China Sea, but the U.S. Washington has welcomed a broader regional military role for Japan, as the United States pushes...

  • Lapsed tenders hurt Modi's defense industry push Tuesday, 7 Apr 2015 | 8:12 PM ET
    India's Prime Minister, Narendra Modi.

    Indian firms have spurned $15B in tenders to make weapons since 2013, a blow to Prime Minister Narendra Modi and his drive to wean the country off imported arms.

  • *Modi tired of India being world's biggest arms importer. NEW DELHI, April 8- Indian firms have spurned some $15 billion worth of government tenders to make a range of weapons since 2013, Defense Ministry officials say, in a blow to Prime Minister Narendra Modi and his drive to wean the country off imported arms. Irked by India's status as the world's biggest arms...

  • Bad to worse: ISIS brings fight to Syrian capital Tuesday, 7 Apr 2015 | 3:07 PM ET
    Syrian opposition forces use tunnels as shelter from air attacks in Damascus, Syria, April 5, 2015.

    The arrival of ISIS in Syria's capital threatens Syria's government and brings the group closer to some of the region's last stable countries.

  • SANAA, April 7- Warplanes from a Saudi-led air coalition on Tuesday bombed a military base in central Yemen controlled by Houthi fighters and their army allies, and a website of the Houthi-run defence ministry said two students were killed at a neighbouring school. Military sources said five bombs were dropped on the Republican Guard base near the city of Ibb,...

  • NAIROBI, April 6- The Kenyan air force has bombed two al Shabaab camps in Somalia, a defence force source said on Monday, in the first major military response to last week's attack by the militant group on a Kenyan university. Gunmen from the al Qaeda- aligned group killed 148 people on Thursday when they stormed the Garissa University College campus, some 200 km from...

  • NAIROBI, April 6- The Kenyan air force bombed two al Shabaab camps in Somalia on Sunday, a Kenya Defense Forces source said, in the first major military response to last week's attack by the militant group on a Kenyan university. Jets pounded the camps in Gondodowe and Ismail, both in the Gedo region bordering Kenya, the military source said on Monday.

  • NAIROBI, April 6- The Kenyan air force bombed two al Shabaab camps in Somalia on Sunday, a Kenya Defence Forces source said, in the first major military response to last week's attack by the militant group on a Kenyan university. Jets pounded the camps in Gondodowe and Ismail, both in the Gedo region bordering Kenya, the military source said on Monday.

  • WARSAW, April 2- Poland will choose the supplier for its medium-range missile defence system in April, Deputy Defence Minister Czeslaw Mroczek was quoted as saying. Last year, Poland short-listed a consortium of France's Thales and European group MBDA, as well as U.S. firm Raytheon, in its tender for the missile defence system. "The minister's decision on the...

  • NEW YORK, April 1- HSBC Holdings Plc is making progress toward cleaning up its operations, after reaching a $1.92 billion settlement of charges related to money laundering, but has not done enough, the U.S. Department of Justice said on Wednesday. The government made its criticisms after reviewing the findings of an independent monitor, Michael Cherkasky, who was...

  • SAN FRANCISCO, March 31- A security company has discovered a computer spying campaign that it said "likely" originated with a government agency or political group in Lebanon, underscoring how far the capability for sophisticated computer espionage is spreading beyond the world's top powers. Israeli-based computer security firm Check Point Software...

  • Defense Secretary Ash Carter on Monday sent the military's annual "wish lists" to U.S. lawmakers, including 12 Boeing Co F/A-18 fighter jets and 14 Lockheed Martin Corp F-35 fighter jets, but said he would not back any of the requests unless Congress passed a larger overall defense budget.

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