Rosoboronexport has given back $167 million to Iran as it was unable to deliver the S-300 air defense system to the country.
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Australian F-35 supplier goes bankrupt
A F-35 supplier in Melbourne, Australia has gone bankrupt and $40 million worth of work may leave Australia.
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U.S. Senate rejects Cornyn’s attempt to sell F-16s to Taiwan
The Senate on Thursday voted 48-48 on a proposal by Republican Senator John Cornyn to sell F-16s to Taiwan, 60 votes were needed for approval.
INS Vikramaditya to be handed over in December 2012
Sevmash shipyard will hand over aircraft carrier INS Vikramaditya to India in December 2012.
South Korea wants to develop own version of Patriot
South Korea’s media outlets are reporting that the country is seeking to develop its own version of the Patriot that can reach up to 60 kilometers, four times that of the PAC-2.
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