Russian Tactical Missiles (TRV) suffered a loss of $791.22 million worth of contracts with Libya due to the civil war there last year.
[thumb]http://en.ria.ru/business/20120131/171042832.html[/thumb]
Category: Air Force
General Dynamics awarded $24 Million F-35 Gun System contract
General Dynamics Armament and Technical Products was awarded a $23.6 million contract by Lockheed Martin for production of more than two dozen GAU-22/A gun systems for the F-35.
[thumb]http://www.gdatp.com/media/2012/2012_01_31.asp[/thumb]
IAF Kiran MK2 crashed
An Indian Air Force into the Ayyancheri lake on Tuesday shortly after take-off from Tambaram air base. Both pilots ejected. Photo of the wreckage is in the link.
[thumb]http://www.deccanchronicle.com/channels/cities/chennai/trainer-aircraft-explodes-height-5000-feet-805[/thumb]
Gripens grounded by high pressure system
A dozen of Swedish Gripen fighters from Lulea air base were barred from taking part in a Nordic air exercise due to an abnormally strong high pressure system.
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Rafale wins MMRCA
In case you are still not aware, Dassault’s Rafale has been selected as the winner of India’s MMRCA competition. The company still has to finalize the contract with the Indian government.
[thumb]http://www.dassault-aviation.com/en/aviation/press/press-kits/2012/rafale-selected-to-equip-the-indian-air-force.html?L=1&cHash=8328870e9f[/thumb]