Hyundai Heavy Industries (HHI), one of South Korea's biggest naval shipbuilders, recorded falling sales and further net losses in the first quarter of 2015, the company announced on 28 April.
In a statement to the Korea Exchange the company said that year-on-year sales declined 9.6% to KRW12.23
Hyundai Heavy Industries losses continue
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Declining V-22 demand prompts 1100 redundancies at Bell
Textron company Bell Helicopter is to cut a further 1,100 staff from its aircraft assembly facilities in Texas and Quebec, it announced on 28 April. The company confirmed that jobs would be shed again from its Fort Worth headquarters and its V-22 Osprey assembly centre in Amarillo, where 315 layoffs
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Brazilian Army expected to order additional 6x6 vehicles
The Brazilian Army could soon award Iveco Veículos de Defesa a contract to deliver additional VBTP-MR Guarani 6x6 amphibious armoured vehicles, a military source close to the programme told IHS Jane's .
The service is currently considering buying about 1,700 serial production vehicles through
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ASEAN leaders express 'concern' over South China Sea island building
The leaders of the Association of South East Asian Nations (ASEAN) expressed their concern at reclamation activities in the disputed Spratly Islands at a summit held in Malaysia on 27 April, but held back from directly naming China as the source of the concern.
"We share the serious concerns
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Indian rifle, carbine procurements delayed again
The Indian Army's long-delayed efforts to procure 5.56 mm close quarter carbines and multi-calibre assault rifles have hit another roadblock.
Official sources said user trials featuring three rival carbines - the IWI Galil Ace 21, Beretta ARX160, and Colt M4 - were completed about the end of 2013,
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US Army picks Harris and Thales to provide Rifleman Radios
Key Points
The contract requires both companies to submit radios for laboratory testing
Companies can be dropped if they fail to meet the army's qualifications
The US Army announced on 29 April it had awarded Thales Defense & Security Inc and Harris Corp a contract that could be worth up to
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US Army aviation restructure to cut 1,900 personnel in Germany
Key Points
The ARI will affect the 12th CAB and subordinate units in Germany
Aviation capabilities in Germany would be maintained through continuous rotations
The US Army is preparing to reduce its presence in Germany by 1,900 positions under its Aviation Restructuring Initiative (ARI), the
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Update: US losing ability to audit billions in funding for Afghanistan
Key Points
A reduced US presence, including potential cuts to auditors, will make it harder to assess often ill-spent funds in Afghanistan
About USD15 billion remains to be spent for reconstruction, with billions more to come
The United States' ability to audit billions in funding provided to
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Norway to take the lead on NATO's Baltic Air Policing Mission
Norway is to assume the lead for NATO's Baltic Air Policing Mission from 1 May, with the deployment of four Lockheed Martin F-16 Fighting Falcon combat aircraft to Siauliai Airbase in Lithuania.
The Royal Norwegian Air Force (RNoAF) F-16AMs will be joined at Siauliai by four Eurofighter Typhoons of
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Northrop Grumman to test U-2 sensors on Global Hawk
Key Points
A universal payload adaptor would allow the RQ-4 to carry approximately 3,000-4,000 lbs (1360-1814 kg) of sensors
Critical U-2 sensors weigh approximately 1,500 lbs (680 kg)
Northrop Grumman has nearly completed integration of key sensors carried by the US Air Force's (USAF's) Lockheed
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MIDCAS completes sense-and-avoid tests
Partners in the European Mid-Air Collision Avoidance System (MIDCAS) programme have completed flight-tests and simulations of a sense-and-avoid capability for remotely piloted aircraft systems (RPASs).
Flight-tests of a demonstrator detect-and-avoid system on a Sky-Y RPAS began in December 2014 at
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Israel MoD says defence acquisitions reached all-time high in 2014
Israel purchased ILS14.1 billion (USD3.6 billion) worth of defence products and services in 2014, setting an all-time record for acquisitions, the Israel Ministry of Defense has announced.
It attributed the unusually large defence-related spending to the 50-day conflict between Israel and Hamas in
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Iranian gunboats seize container ship
Iran's Islamic Revolution Guards Corps Navy (IRGC) forced a container ship to divert as it transited through the Strait of Hormuz on 28 April, the US Department of Defense (DoD) confirmed later that day.
It said Maersk Tigris (IMO: 9694581) was in a recognised international shipping lane inside
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Indian parliamentary committee says IAF facing crisis in combat pilot numbers
The Indian Air Force (IAF) is facing a crisis in fighter pilot numbers that is almost as serious as that facing its combat fleet, India's Parliamentary Committee on Defence declared on 27 April.
In a report tabled in parliament, the 35-member committee revealed that the IAF's current fighter
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Syrian army pushed back in north by new militant coalition
ANALYSIS
Pro-government forces in Syria suffered the latest in a series of reversals when a recently formed rebel coalition captured the town of Jisr al-Shughur in the northern province of Idlib on 25 April.
The recent defeats began at the end of March when the Southern Command rebel coalition
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Sweden mothballs quarter of C-130H fleet, looks to type replacement
Sweden has begun reducing its operational Lockheed Martin C-130H Hercules fleet as it looks for a replacement for the ageing airlifters, a service official disclosed on 29 April.
Speaking at the home of F17 Wing's forward dispersal base on the island of Gotland, Colonel Marcus Bjorkgren, Chief of
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Qatar selects Rafale fighter aircraft
Qatar will sign for 24 Dassault Rafale combat aircraft to fulfil its fighter procurement requirement on 4 May.
The upcoming contract, which was announced by Dassault on 30 April, will be signed in Doha during a visit by French President François Hollande. The deal follows French media reports
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US Army, Orbital ATK move towards PGK full-rate production
The US Army is moving closer to full-rate production of its 155 mm Precision Guidance Kit (PGK) with the completion of its first acceptance testing, the service's Picatinny Arsenal announced on 30 April.
PGK is built around a fuze system and upgrades conventional 155 mm rounds into a GPS-guided
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UK Rivet Joint returns to the fight against Islamic State
The UK Royal Air Force's (RAF's) sole current Boeing RC-135 Rivet Joint signals intelligence (SIGINT) aircraft has returned to the Middle East to join ongoing coalition operations against the Islamic State in Iraq and Syria. IHS Jane's understands the aircraft left RAF Mildenhall in Suffolk on 16
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South Korea to establish civilian procurement academy
South Korea's Defense Acquisition Program Administration (DAPA) intends to establish an academy dedicated to training civilian procurement experts, the agency said on 30 April.
The academy is expected to be modelled on the United States' Defense Acquisition University (DAU) and represents DAPA's
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