* Turkey's current account deficit is hitting levels that worry some observers. High levels have been predictors of economic crises in the past. If that comes to pass, there are a lot of new and pending weapons programs that would be affected. * Turkey's...
Latest updates: $100M support contract. AGM-158 JASSM(click to view full) The 2,000 pound AGM-158 JASSM is intended to be a stealthy, inexpensive GPS/IIR (Global Positioning system/ Imaging InfraRed) guided cruise missile that lets American aircraft attack...
* House Armed Services Committee approves $690 billion defense authorization bill for FY 2012: among other things, the bill would 1) allow GE and Rolls Royce to continue development of the F136 engine for the F-35 fighter at their own expense, 2) continue funding...
TuAF C-130s(click to view full) Hurriyet Daily News & Economic Review reports that the US State Department has approved the resale of 6 Saudi C-130E Hercules medium tactical transport planes to Turkey, green-lighting a deal that was struck in summer 2010. Under US law...
* Economic events will be driving more and more military budget decisions over the next few years. Writing in Caixin Weekly, Andy Xie pens "Chimerica's Slippery Slope to Stagflation." * State-controlled Russian Helicopters indefinitely suspends $500 million IPO due to...
ECWCS-III: all 7 layers(click to view full) "During Operation Mountain Lion I found myself praying for bad weather, the first time in my military career I was actually begging for a cold front to come through. I knew my soldiers could handle it and the enemy couldn't....
* The Australian government is cutting A$2.7 billion from its defense budget over the next four fiscal years, including a reduction in the costs of acquiring a 5th C-17 aircraft. * Russian President Dmitry Medvedev chastizes military for delaying tenders on major...
Valour Class frigates(click to view full) In mid-April, South Africa's DefenceWeb reported an R 49.2 million ($7.3 million) in contracts to begin resupplying its MEKO-derived Valour Class frigates with Umkhonto Mk.2 short range air defense missiles, perform Umkhonto...
* House Armed Services Committee releases full committee markup of the FY 2012 defense authorization bill, which revives the F136 engine for the F-35 Joint Strike Fighter. * Peru's $1 billion SIVAM Amazon basin surveillance program attracts IAI interest, centered on...