Business
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Feb- 2018 -9 February
Philippines’ Duterte cancels Canada Bell helicopter deal
Philippine President Rodrigo Duterte abruptly cancelled a US$235 million contract to buy 16 helicopters from Canada after Prime Minister Justin Trudeau's government ordered a review over human rights concerns.
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8 February
Russia to order 12 fifth generation Su-57 stealth fighters to “test combat use”
Russia is to order 12 of the fifth generation Sukhoi Su-57 stealth fighter aircraft this year, and expects 14 Su-30SM fighters to be delivered in 2018
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6 February
US approves $735 million sale to Finland of Harpoon anti-ship and ESSM air defense missiles
The U.S. State Department approved the $735 million sale of 112 Harpoon anti-ship missiles and 68 Evolved Sea Sparrow Missiles used to defend ships from aerial attack, the Defense Cooperation Security Agency said.
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6 February
Rheinmetall and Sikorsky to collaborate on German heavy lift helicopter bid
Germany's Rheinmetall Group and Lockheed Martin subsidiary Sikorsky signed a strategic teaming agreement to offer the CH-53K King Stallion helicopter in the German Air Force heavy lift helicopter competition
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1 February
Boeing awarded $6.6 billion contract for GMD ballistic missile defense system
Boeing has been awarded a $6.6 billion modification to a 2012 contract for development and sustainment of the United States' Ground-based Midcourse Defense anti-ballistic missile system
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1 February
BAE Systems awarded $149 million more for Paladin vehicle production
BAE Systems was awarded an almost $149 million modification to an earlier contract for M109 Paladin self-propelled howitzer vehicle sets, a U.S. Department of Defense release said.
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1 February
Raytheon awarded $105 million contract for Griffin mini-missile production
Raytheon has been awarded a $105 million contract for the production of AGM-176 Griffin short-range air-to-surface and surface-to-surface mini-missiles
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1 February
South Korea pursues defense cooperation with Thailand as first T-50 deliveries underway
South Korea is seeking to bolster its defense industry cooperation with Thailand as the first deliveries of T-50TH Golden Eagle fighter jets are underway
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Jan- 2018 -31 January
Boeing defense revenue increases 7% for the year
Boeing released its 4th quarter earnings report, posting a 5% defense revenue boost for the quarter and a 7% increase for 2017
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31 January
Raytheon awarded $2.3 billion Patriot missile system support contract
Raytheon was awarded a $2.3 billion contract for engineering and software support for the Patriot air and missile defense system, including a "refresh for obsolescence" for U.S. and foreign customers
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