Business

Lockheed Martin posts $14 billion in sales for first quarter 2019

Lockheed Martin reported over $14 billion in sales for the first quarter of 2019, increasing its financial guidance for the year

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Israel’s defense exports top $7 billion in 2018

Israel's defense exports exceeded $7.5 billion in 2018, with the bulk going to Asia and the Pacific region, the government said

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Saudi Arabia and UAE use French weapons in Yemen, report reveals

French weapons are being used by the United Arab Emirates and Saudi Arabia in Yemen, according to a classified note revealed by French media

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Sierra Nevada awarded 5-year Afghanistan A-29 training contract as US shifts to in-country instruction

Sierra Nevada was awarded a $43 million contract for A-29 Super Tucano training for Afghanistan as the US transitions to in-country training

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Lebanon receives 6 Scan Eagle drone systems from US

Lebanon received six Boeing Insitu Scan Eagle unmanned aerial systems from the US, the Lebanese Armed Forces and the US Embassy in Beirut said

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US approves $2.6 billion sale to India of 24 MH-60R multi-mission helicopters

The US State Department approved the sale of 24 Sikorsky MH-60R multi-mission helicopters to India, the DSCA said

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US suspends F-35 deliveries to Turkey over S-400 purchase from Russia

The US is halting deliveries to Turkey related to the F-35 stealth fighter jet program after the NATO ally bought Russia's S-400 air and missile defense system

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Nigerian Air Force receives Paramount Group’s Marauder MRAPs

The Nigerian Air Force has received Marauder mine-resistant ambush-protected vehicles from South Africa's Paramount Group, the company said

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Israel’s Rafael posts record $2.6 billion in sales for 2018

Israeli defense contractor Rafael posted record sales of nearly $2.6 billion in fiscal year 2018, up from around $2.2 billion the year before

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Germany extends ban on arms exports to Saudi Arabia by a further six months

German Chancellor Angela Merkel's coalition government extended an embargo on weapons exports to Saudi Arabia until the end of September

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