JEDDAH, Saudi Arabia — During the visit of the President of France M. Emmanuel Macron in the Kingdom of Saudi Arabia, Saudi Arabian Airlines Corporation today announced that it has ordered CFM International LEAP-1A engines to power its new fleet of 35 Airbus A321neo and 30 A320neo aircraft.
WASHINGTON — The U.S. Department of Energy’s National Nuclear Security Administration (NNSA) successfully completed the B61-12 Life Extension Program (LEP) First Production Unit (FPU) on November 23, 2021.
The B61-12 LEP helps modernize America’s nuclear weapons stockpile and sustain the Nation…
VIENNA — The procurement of 18 Leonardo AW169M multipurpose helicopters is now finally on the rails: On Thursday, December 2, 2021, Defense Minister Klaudia Tanner and her Italian counterpart Lorenzo Guerini signed a corresponding administrative agreement at government level.
STOCKHOLM — Sales of arms and military services by the industry’s 100 largest companies totalled $531 billion in 2020—an increase of 1.3 per cent in real terms compared with the previous year. This is according to new data released today by the Stockholm International Peace Research Institute (SIP…
Today, the European Defence Agency (EDA) published its annual Defence Data report for 2019-2020, detailing defence spending by the 26 EDA Member States. In 2020, total defence spending stood at €198 billion, marking a further 5% increase on 2019, and making it the highest level ever recorded by EDA …
A wave of consolidation has effectively hollowed out the A&D middle-tier. As we initiate coverage of nine Smid-Cap A&D names, we see selective opportunity. Overall, the market is underestimating the aerospace recovery. Orders for new aircraft have picked up and cancellations have waned. Our top Over…