Defense News
thyssenkrupp Marine Systems to Acquire Oceana Shipyard in Brazil
thyssenkrupp Marine Systems (Kiel, Germany) has signed a contract to acquire the Oceana shipyard in Brazil (Itajaí, state of Santa Catarina). The seller is Aliança S.A., a company owned by CBO Group (Rio de Janeiro, Brazil), a leader in offshore
China’s Defense Budget to Hit US$ 179 Billion in 2020
China, the second-largest military spender after the US, has hiked its defense budget from last year’s 177.6 billion to US$ 179 billion - nearly three times that of India, the lowest increment in recent years apparently due to the heavy disruption
KMW, Nexter, Rheinmetall to Embark on Initial MGCS Architecture Study
Standing for Main Ground Combat System, MGCS is a joint Franco-German defense project. The program, to be implemented under German political leadership, is tasked with developing a main combat system to succeed the Bundeswehr’s Leopard 2 and the
Lockheed Martin Taking Proactive Measures to Mitigate COVID-19 Impacts to F-35 Production
In response to previously reported COVID-19 F-35 supplier delays, Lockheed Martin) is taking proactive measures to mitigate impacts and position the program for the fastest possible recovery by adjusting work schedules, maintaining specialized
Saudi Arabia Invests $714 Million in Boeing’s Stock
The Saudi sovereign-wealth fund bought big stakes in Boeing and other U.S. tech, bank and travel stocks during Q1 as the Kingdom continues to diversify its investments outside energy by looking for bargains amid the coronavirus pandemic, Investor’s
Naval Group Starts Construction of French Navy’s First Replenishment Vessel
The first steel plate of the hull of the first of the four new Bâtiments Ravitailleurs de Force (BRF) – replenishment vessels – of the French Navy has been cut Monday during a ceremony held in the machining workshop of Chantiers de l’Atlantique, in
Patria, U.S. Army to Study Capabilities of Patria Nemo 120 mm Mortar System
The U.S. Army’s Combat Capabilities Development Command Armaments Center and Patria have signed a Cooperative Research and Development Agreement (CRADA) to determine feasibility of incorporating a turreted, breech-loaded 120 mm mortar weapon system
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