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Air Force;Navy

India signs Rs.8.58 billion defence contracts with Russia and Boeing for air defence and naval maintenance

India has finalized two defence contracts totaling Rs.8.58 billion for the Tunguska air defence system and P8I aircraft maintenance. The deals reinforce military readiness while advancing indigenous servicing capabilities, with the Boeing contract requiring 100 percent domestic content.

India | 14 hours ago

Air Force

Ukraine and Qatar sign strategic defense pact to combat missile and drone threats

Ukraine and Qatar have finalized a bilateral defense agreement focused on countering unmanned aerial systems and missile threats. The pact leverages Ukraine's active wartime expertise to help Qatar address escalating security challenges in the Gulf region.

14 hours ago • Qatar;Ukraine

Air Force

Honeywell signs $500 million framework agreement with U.S. Department of War to scale defense production

Honeywell has entered a strategic supplier framework agreement with the U.S. Department of War, committing $500 million to upgrade manufacturing capacity. The multi-year investment aims to accelerate the delivery of critical navigation systems, missile actuators, and electronic warfare solutions to meet rising national defense requirements.

14 hours ago • United States

Air Force

India MoD secures INR 8.58 billion agreements for air defense and Boeing P-8I maintenance

The Indian Ministry of Defence has finalized two contracts totaling INR 8.58 billion to enhance military readiness. The deal includes acquiring Tunguska air defense systems and establishing indigenous maintenance protocols for the Navy’s P-8I maritime aircraft, reinforcing domestic aerospace infrastructure and multi-layered defense networks.

14 hours ago • India

Air Force

Ukraine and Saudi Arabia sign inaugural defense pact for UAV countermeasures

Kyiv and Riyadh have entered a first-of-its-kind security agreement focused on air defense and counter-drone technologies. The partnership facilitates the exchange of battlefield expertise and technical knowledge to protect critical infrastructure from aerial threats, while opening doors for joint investment and future defense contracts between the two nations.

14 hours ago • Saudi Arabia;Ukraine

Air Force

India moves ahead with major IAF tender for 60 multirole transport aircraft

India is preparing to advance a procurement plan for 60 multirole transport aircraft, drawing interest from Embraer, Lockheed Martin and Ilyushin. The programme is expected to emphasise domestic manufacturing through joint ventures, reinforcing India’s defence industrial strategy and expanding private-sector participation.

14 hours ago • India

Air Force

Tata Advanced Systems and Lockheed Martin break ground on C-130J MRO hub in India

Tata Advanced Systems and Lockheed Martin have initiated construction of a dedicated C-130J Super Hercules MRO facility in India. Scheduled for completion by end-2026, the site will enhance lifecycle support for the Indian Air Force and position India as a potential regional sustainment hub.

14 hours ago • India

Air Force

Saab and Airbus explore collaboration on Unmanned Combat Aircraft to support European fighter jets

Saab and Airbus are in discussions to collaborate on unmanned combat aircraft technologies designed to operate alongside existing European fighter jets. The talks reflect rising defense investment in drone capabilities and shifting industrial partnerships across Europe’s fragmented aerospace sector.

14 hours ago • Europe

Latest News

Energy & Power | 16 hours ago

Renalfa Power Clusters acquires Romanian solar and storage projects for hybrid expansion

Renalfa Power Clusters has acquired a 365 MWp solar project and a 400 MW/800 MWh BESS in Romania's Arad County. The new venture plans to combine and expand the assets into a power cluster with second-phase storage capacity reaching 400 MW/1,608 MWh, deploying dual-chemistry batteries and grid-forming technology.

Energy & Power | 16 hours ago

JGC-Hyundai joint venture selected as EPC contractor for Papua LNG plant

JGC Corporation and Hyundai E&C have been selected as the EPC contractor for TotalEnergies' Papua LNG Project, a 4 million tonne-per-year low-carbon facility in Port Moresby. The plant will use electric drive technology to reduce emissions, with final award subject to project FID scheduled in 2026.

Business & Corporate | 14 hours ago

AfDB invests $15 million in SPE PEF III to back growth-stage African businesses

The African Development Bank Group has approved a $15 million equity investment in SPE PEF III, a private equity fund targeting growth-stage companies in North Africa and select sub-Saharan markets. The fund focuses on manufacturing, business services, and human capital sectors, aligning with the Bank's strategic priorities.

Finance | 14 hours ago

World Bank and IFC launch US$25.75 million initiative to drive Djibouti’s economic diversification and SOE reform

The World Bank Group has initiated its first performance-linked financing program in Djibouti with a US$25.75 million grant. This project, co-led by the International Finance Corporation, marks the start of a US$75.75 million decade-long commitment aimed at restructuring state-owned enterprises and enhancing the private sector investment climate to foster long-term job creation.