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BAE to pay 450 million dollars in fraud fines London (AFP) Feb 5, 2010
Defence giant BAE Systems agreed Friday to pay nearly 450 million dollars to settle anti-corruption charges brought by Britain's Serious Fraud Office and the US Department of Justice.
The fines - 400 million dollars to the DoJ, and 30 million pounds (47 million dollars) to the SFO - relate to investigations into BAE deals with countries including Tanzania, the Czech Republic, Hungary and S ... read moreTaiwan to seek more arms despite improved China ties
Taipei (AFP) Feb 7, 2010Taiwan's defence minister has vowed to seek more weaponry from the United States, which he said would give the island greater confidence in pushing for rapprochement talks with China. The remarks come as Beijing and Washington are locked in an escalating row over a massive US arms sale to Taiwan, which Beijing insists is part of its territory awaiting reunification, by force if necessary. ... more
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US denies missile issue blocking new START treaty
Defiant Iran starts enriching uranium to 20 percent Sanctions on Iran would be ineffective: Brazil World moving swiftly to sanction Iran: Obama Enrichment at heart of Iran nuclear programme Russia toughens line on Iran nuclear ambitions EU critises Iran enrichment move, backs UN action Russia hardens stance on Iran, questions nuclear 'sincerity' Protests outside EU embassies in Iran: diplomats Protesters try to storm Italian embassy in Tehran: minister
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Paris, Berlin, Madrid push for A400M deal
Paris (UPI) Feb 4, 2009 France, Germany and Spain are pushing for quickly ending the deadlock over financing for the troubled Airbus A400M military transport plane. After meeting on Thursday in Paris, German Chancellor Angela Merkel and French President Nicolas Sarkozy called for a quick solution to the funding crisis for Europe's biggest defense project. "Everything must be done to reach a solution," S ... more Paris asks partners to pay extra 1.5 billion euros for A400M
Istanbul, Turkey (AFP) Feb 4, 2010Paris has urged its partners in the A400M project to provide up to an extra 1.5 billion euros to get the military carrier off the ground, Defence Minister Herve Morin said Thursday. The sum comes on top of two billion euros already envisaged by the seven partner countries, but still falls short of the 6.4 billion that Airbus parent company EADS is seeking from its clients to finance the proj ... more Pindad delivers more Panzer APCs
Jakarta (UPI) Feb 4, 2009 Small arms and vehicle maker Pindad has delivered to the military 33 Panzer armored personnel carriers, of which 13 are for peacekeeping duties in Lebanon. The latest delivery of the APC-2 6X6 is part of an order for 150 Panzers signed in 2008. All are due for delivery by the end of this year. The government-owned manufacturer delivered 20 last February, followed by 40 in July, a ... more 'Tough choices' for British defense review
London (UPI) Feb 3, 2009 The British Defense Ministry has no choice but to drastically cut back on military equipment spending, it said in a strategy paper published Wednesday. "We can no longer set out to buy as much as we did previously," reads the ministry's so-called Green Paper, which tabled some of the numerous questions London will have to answer in its defense review to be drafted after the elections. ... more |
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Libya's Russian deal boosts arms race
Tripoli, Libya (UPI) Feb 1, 2009 Libya's $1.8 billion arms deal with Russia comes amid a major rearmament program by the leading North African states, although it is dwarfed by Algeria's $7.5 billion arrangement with Moscow in 2006. The most contentious weapons system that Moammar Gadhafi's regime will acquire in the deal announced in Moscow Saturday is the S-300PMU2 air-defense missile, one of the most advanced in the ... more Airbus A400M deal possible this week: French minister
Paris (AFP) Feb 1, 2010French Defence Minister Herve Morin expressed hope on Monday that the governments buying Airbus's over-budget A400M military plane could reach a deal on the project's huge cost overruns this week. Morin said the matter could be settled when he holds talks with his counterparts from the seven client governments at a NATO meeting in Istanbul on Thursday and Friday. "We will meet on the mar ... more India Orders M777 155mm Howitzers
Washington DC (SPX) Feb 01, 2010The Defense Security Cooperation Agency notified Congress Jan. 22 of a possible Foreign Military Sale to India of 145 M777 155mm Light-Weight Towed Howitzers with Laser Inertial Artillery Pointing Systems (LINAPS) and associated parts, equipment, training and logistical support for a complete package worth approximately $647 million. The Government of India has requested a possible sale of ... more Libya strikes billion-dollar Russian arms deal
Moscow (AFP) Jan 30, 2010Libya has struck a deal to buy Russian arms worth almost two billion dollars, Russian news agencies quoted Prime Minister Vladimir Putin as saying Saturday. "Yesterday (Friday), a contract worth 1.3 billion euros (1.8 billion dollars) was signed. It does not only involve firearms", Putin was quoted as saying by Ria Novosti and Interfax. Putin was speaking following a meeting with the hea ... more |
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