During a user trial today, an Indian Air Force Sukhoi Su-30MKI fighter fired an indigenously-developed Astra air-to-air missile against a live aerial target, which it engaged and shot down. (Indian MoD photo)

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Lockheed’s Claimed $1.2 Bn F-35 Savings Dwindles to $435M

(09-17)

WASHINGTON --- The Pentagon’s F-35 program office promised $1.2 billion in savings from buying parts and equipment in bulk for Loc...

EU Urges US to 'Make Deal' in Airbus-Boeing Row

(09-17)

BRUSSELS --- The EU on Monday urged the U.S. to make a deal to end a 15-year long Airbus-Boeing row, just days before Washington i...

US Private Equity Firm Wins $5 Bn Battle for Britain's Cobham

(09-17)

LONDON --- U.S. private equity firm Advent International won its battle to buy Britain’s Cobham for $5 billion on Monday, taking a...