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The Military Industrial Complex
May 17, 2016
Senate NDAA bill erases acquisition undersecretary
Washington (UPI) May 13, 2016
The Senate Armed Services Committee's proposed Fiscal 2017 defense bill would eliminate the Pentagon's undersecretary for acquisition, technology and logistics, divvying up that office's responsibilities in the name of greater efficiency. The bill proposes $602 billion in funding for the Defense Department and the Department of Energy's national security programs, according to Thursday's National Defense Authorization Act announcement. The bill would erase the Undersecretary of Defense f ... read more

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Nordic countries sign joint procurement agreement
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Nigeria says lost $15 bn in military procurement fraud
Nigeria's Vice-President Yemi Osinbajo has accused the previous administration of stealing some $15 billion (13 billion euros) of public money through fraudulent arms deals. ... more
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India asks UK to extradite British 'middleman' in chopper scam
India's government said Thursday it has asked Britain to extradite British consultant Christian Michel James over a scandal-hit deal the previous government agreed with Anglo-Italian firm AgustaWestland to supply helicopters to Delhi. ... more
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Saudi Arabia seeks major boost to its defence industry
Saudi Arabia, one of the world's biggest military spenders, seeks a major boost to its small local defence industry under a wide-ranging plan unveiled Monday to transform the oil-dependent economy. ... more
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US approves billion-dollar arms deal with Australia
The United States government on Monday approved a deal for US firms to sell its close ally Australia $1.22 billion in air-to-air missiles and support equipment. ... more
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Safran selling Morpho Detection to the Smith Group
Morpho Detection LLC, a U.S. subsidiary of France's Safran, is to be sold to Smiths Group Plc. ... more
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Critics dismiss S.African graft probe clearing arms deal
A South African judicial inquiry clearing all government officials of corruption over a multi-billion dollar arms deal was greeted with scorn on Thursday by critics of President Jacob Zuma. ... more
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Spain to extradite suspected French arms trafficker
A suspected French arms trafficker who was arrested in Spain last week will be extradited to France in 10 days, a Spanish court said Monday. ... more
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Canada under fire over Saudi arms sale
Canada's Liberal government refused to back down Wednesday in the face of growing criticism for having greenlit arms sales to Saudi Arabia that could help it wage war in Yemen. ... more
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Netanyahu looks to changing Africa for new Israeli allies
Four decades after his brother was killed during a rescue operation in Uganda, Israeli Prime Minister Benjamin Netanyahu is embarking on an African mission of his own - but with very different aims. ... more
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Military spending rises again in 2015
Rising tensions worldwide helped push up military expenditure in 2015, the first increase after four years of declining spending, the Stockholm International Peace Research Institute (SIPRI) said in a report published on Tuesday. ... more
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Airbus to sell defence electronics arm to KKR for $1.2 billion
The Airbus Group will sell its Defence Electronics business to US investors KKR for 1.1 billion euros ($1.2 billion), a deal which will be finalised over the next year, the European aeronautics giant announced Friday. ... more
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Lockheed Martin plans voluntary layoffs for 1,000
Lockheed Martin Corp. announced a 1,000-job voluntary layoff program to reduce employment in its Aeronautics Division. ... more
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Defense Industry center opens in South Australia
Australia is opening a new Center for Defense Industry Capability to foster and drive innovation and promote defense exports. ... more
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China defence spending to rise '7 to 8%' in 2016: official
China will raise its defence spending by seven to eight percent this year, a top official said Friday, a smaller increase than the double-digit rises of the past as Beijing seeks a more efficient military. ... more
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Jacobs Engineering leads pilot procurement project
Jacobs Engineering is to manage an Australian military project to procure and sustain military off-the-shelf combat bridges. ... more
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Finmeccanica, Panama end contract disputes
Italy's Finmeccanica and the government of Panama reached a settlement on Wednesday that ends contract disputes between them. ... more
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EU lawmakers urge Saudi arms embargo
European lawmakers on Thursday called for an EU arms embargo against Saudi Arabia over its military campaign in conflict-torn Yemen which has caused "thousands of deaths." ... more
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US firearms industry marketing to children: report
The American firearms industry is targeting children as young as six with brightly colored guns and encouraging parents to let children take up shooting at an early age, according to a report released Thursday. ... more
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BAE Systems profit jumps; eyes defence spend recovery
BAE Systems, the British maker of military equipment, said Thursday that group net profit rose by 24 percent last year, as it looked forward to recovering government defence budgets. ... more
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Australia unveils 'massive' increase in defence spending
Australia unveiled a massive new investment in the nation's defence capabilities on Thursday to address what Prime Minister Malcolm Turnbull called "high stakes" and "momentous times" in Asia. ... more
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US dominates arms trade as Asia, Mid-East boost imports
The global transfer of major arms has risen in recent years, with the United States increasing its dominance of the trade while the flow of weaponry to Africa, Asia and the Middle East has increased, a new study published Monday showed. ... more
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Report: Iran considers Russian arms deal
Iran may procure Russian military fighters, helicopters and other equipment in an arms deal that could be worth more than $8 billion, according to a news report. ... more
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BAE ties up with India's Mahindra for gun assembly plant
British defence giant BAE Systems has chosen India's Mahindra group to build a plant to assemble howitzer artillery guns it hopes to sell to the Indian military, the two companies said Wednesday. ... more
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Orbital ATK establishes Singapore regional office
Orbital ATK has opened a regional office in Singapore, its third international location opened in the last three months. ... more
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