Tuesday 21 October 2014
 
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defence

Agility unit wins $82.5m UK defence contract

Kuwaiti logistics firm Agility said on Monday that a wholly owned unit had won an $82.5 million contract from Britain's Ministry of Defence to manage household moves for ministry and armed forces personnel. The contract, secur

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Raytheon eyes Qatar missile contract before year-end

US-based Raytheon expects Qatar and the US government to complete a long-awaited multibillion-dollar agreement on a "significant" number of Patriot missile defence systems before the end of the year, a senior company official said.

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Two killed in fire at Iran defence plant

An Iranian defence industry body said two workers were killed in a fire at an explosives factory in an eastern district of Tehran, the official IRNA news agency reported on Monday. An Iranian opposition website, Saham, described t

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L&T wins major Oman air base contract

Leading Indian construction conglomerate Larsen & Toubro (L&T) said it has won a major order from Oman's Ministry of Defence for construction of an air base in the Sultanate. The Omani subsidiary clinched the deal for

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Qatar signs $11 billion arms accord with US

The United States has signed an agreement with Qatar to sell the Gulf Arab ally Apache attack helicopters and Patriot and Javelin air-defense systems valued at $11 billion. "Today's signing ceremony underscores the strong

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A&D sector faces new wave of structural challenges

After a record year, the aerospace and defence (A&D) industry is likely on the verge of a new wave of major structural transformation and possible M&A moves, at the same time that commercial aerospace may be reaching its peak and as the

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BAE plans to revamp Saudi operations

Europe's biggest defence contractor BAE Systems said it would reorganise its interests in Saudi Arabia into one company to enhance its relationship with Riyadh Wings, its partner there. The two groups will bring their activiti

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Iraq conflict puts spotlight on defence stocks

With the possibility of escalating violence in Iraq, stocks in the defence sector could garner more attention next week. The stock market and oil prices were rattled late in the week after violence in the nation escalated as a Sun

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Saudi world's 4th biggest defence spender

Saudi Arabia has emerged as the world’s fourth largest spender on national defence with the kingdom increasing its annual defence expenditure by $16 billion over the last five years, said a report. Saudi’s increasing d

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Oman Navy gets new BAE warship

UK defence contractor BAE Systems, which is part of a consortium that manufactures the Eurofighter Typhoon, said it has handed over three new warships to the Royal Navy of Oman. The delivery of two ships - Al Shamikh and AL Rahman

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