Puma life extension to go ahead
Plans to upgrade 30 Puma helicopters will go ahead as originally planned, the MoD has confirmed. The much criticised £220m deal with Eurocopter will see the lives of the 40 year old helicopters extended until at least 2022.
Defence Management

Pentagon rules slow defense sales to Iraq
European and Asian manufacturers could be the beneficiaries in Iraq of rigid Pentagon rules governing the credit rating of governments seeking to buy military equipment.
UPI


EADS Earnings Rise on Jet Deliveries as Airbus Affirms Target

European Aeronautic, Defence & Space Co., the owner of Airbus SAS, posted a 69 percent rise in second-quarter earnings as it delivered more planes and said 2009 deliveries will at least match the year-ago level.

Bloomberg

Lockheed Martin Awarded $142 Million Arrowhead Production Contract

The U.S. Army has awarded Lockheed Martin a $142 million follow-on production contract for the Apache Arrowhead® system, the combat-proven, Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS) for the AH-64D Apache attack helicopter.

Lockheed Martin Press Release

Ministry of accounting blunders

The MoD has been forced to write off hundreds of millions of pounds in losses and "special payments" despite the fact that the defence budget is already stretched thin. According to the MoD's annual report and accounts for 2008-09, over £516m was removed from its books due to losses, special payments or "advanced notices of loss".

Defence Management

Saudi Order for Three Additional A330 MRTT Tankers

The Saudi Ministry of Defence and Aviation (MODA) has ordered three additional A330 Multi Role Tanker Transport (MRTT) for the Royal Saudi Air Force, bringing its total order to six aircraft. Saudi had signed a first contract for three back in 2008. Delivery of the first aircraft is due in 2011.

Defense-Aerospace