Business

Boeing awarded $2.5 billion for 19 P-8A Poseidon aircraft for US Navy, UK and Norway

Boeing was awarded an almost $2.5 billion contract to produce 19 P-8A Poseidon maritime patrol aircraft for the U.S. Navy, Norway and the UK

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Rheinmetall and BAE to create UK-based land vehicle joint venture

Germany's Rheinmetall and British BAE Systems will create a joint military vehicle design, manufacturing and support business based in the UK

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Ukraine signs agreement to procure Turkish Bayraktar TB2 drones

Ukrainian President Petro Poroshenko announced a deal has been signed to purchase Turkish Bayraktar TB 2 drones for the Ukrainian military.

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Israel’s Rafael and Aeronautics sign agreement to develop and manufacture advanced drones

Rafael and Aeronautics signed a 5-year agreement that involves joint marketing and sales of UAVs, first in Israel and expanding overseas

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Croatia threatens to cancel F-16 purchase from Israel over months of delays

Croatia threatened to cancel its purchase of F-16 fighter jets from Israel after months of stalling due to a lack of US approval

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Japan unveils record $47 billion defense budget

Japan's defense budget will swell to a record $47 billion next year as it boosts missile defense capabilites and procures stealth jets

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Raytheon awarded $141 million for 1,260 Small Diameter Bomb II glide bombs

Raytheon was awarded a $141 million contract to produce 1,260 Small Diameter Bomb II Lot 5 glide bombs and associated equipment

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US approves $3.5 billion sale to Turkey of Patriot missile systems

The US State Department cleared a possible $3.5 billion sale of Patriot air defense systems to Turkey, the DSCA said

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Raytheon awarded $57 million for Evolved SeaSparrow Missile production requirements

Raytheon was awarded two contracts for for long lead material for the production of Evolved SeaSparrow Missiles, the U.S. Department of Defense said

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Russia overtakes UK to become world’s second biggest arms producer

Russia has overtaken the UK to become the world's second biggest arms producer behind the US, SIRPI said in a report

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