Business
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Nov- 2021 -17 November
Raytheon Wins $340M Cobra King Radar Maintenance Contract
The US has awarded Raytheon a $340 million mobile sensors operations and maintenance contract for the Cobra King maritime radar system.
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17 November
UAE Plans to Buy $3.5 Billion Korean Air Defense System
The United Arab Emirates is planning to purchase the Korean Air Defense System, a deal that may reach $3.5 billion.
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17 November
Boeing Expects USAF to Buy Wedgetail AWACS Next Year
Boeing is expecting the US Air Force to replace its aging fleet of E-3 Sentry airborne warning and control system planes with the E-7 Wedgetail aircraft by next year.
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17 November
Thailand First International Buyer of US AT-6 Wolverine Aircraft
The Royal Thai Air Force has awarded a $143-million contract to Textron Aviation Defense LLC for the supply of eight AT-6 Wolverines.
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16 November
UAE Shows Interest in Russia’s ‘Checkmate’ Fighter
The chief of Russian defense corporation Rostec revealed that the UAE has shown interest in its fifth-generation Su-75 Checkmate fighter developed by Sukhoi.
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16 November
XTEND Raises $20M for AR/AI-Powered Drone Operating System
Israeli drone developer XTEND has raised $20 million in initial funding to ramp up production of its augmented reality and artificial intelligence-powered drone operating system.
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15 November
Edge Group Secures $3.8B in UAE Military Contracts
Two units of Emirati defense conglomerate Edge Group secured separate military contracts totaling $3.8 billion during the Dubai Airshow 2021.
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15 November
Lockheed Ready to Supply India With New-Age Military Solutions
Lockheed Martin is ready to collaborate with Indian defense firms in addressing the country’s requirements for new-age military solutions.
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15 November
Israeli Weapons-Maker Elbit Systems Launches UAE Venture
Israeli weapons-maker Elbit Systems launched a new venture in the United Arab Emirates.
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12 November
True Velocity to Buy Weapons Designer LoneStar for $84 Million
Ammunition technology provider True Velocity will acquire American defense firm LoneStar Future Weapons in a deal valued at $84 million.
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