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‘Loyal wingman’ need drives EDF backing for new small turbofan design studies
A lack of suitable European-built small turbofan engines for ‘loyal wingman’ applications that are also free of export restrictions has pushed the EU to consider funding the development of a new powerplant.
Germany signs deal to launch production of Taurus Neo cruise missiles for Luftwaffe
Europe’s Taurus Systems joint venture has been awarded a contract by the German BAAINBw defence procurement body to produce Taurus air-launched cruise missiles in an enhanced Neo-version standard.
Lockheed completes F-16 deliveries for Slovakia and first batch shipments to Bulgaria
Lockheed Martin has completed deliveries of F-16C/D Block 70 fighters to Slovakia, and also handed over the last jets from an initial-tranche buy placed by Bulgaria.
Cathay chair Patrick Healy to retire
Cathay Pacific Group has appointed Swire Group veteran Guy Bradley as its new chairman, following the retirement of incumbent chair Patrick Healy.
Arif Habib consortium emerges as successful bidder in long-running PIA privatisation
Diverse Pakistani investment firm Arif Habib Group has emerged as the successful bidder for flag-carrier Pakistan International Airlines.
Ryanair vows to appeal Italian regulator’s $300m fine over travel agency ‘obstruction’
Budget carrier Ryanair has vowed to appeal after Italian competition regulators imposed a fine of €256 million ($302 million) on the airline, accusing it of exploiting a dominant market position.
LIG Nex1 wins EW system and missile contracts
South Korean defence contractor LIG Nex1 has been awarded two significant contracts worth a combined $1.19 billion to develop an electronic warfare system for a national aircraft programme and a prototype short-range air-to-air missile for the KF-21 fighter.
KAI secures upgrade contract for Philippine FA-50s
Korea Aerospace Industries has secured a W93 billion ($64.5 million) contract to upgrade 11 FA-50PH light attack jets operated by the Philippines air force, with work running until 2029 to enhance munitions capabilities and network integration.
South Korea commits $3.4 billion to indigenous fighter engine
South Korea has committed W3.4 trillion ($3.4 billion) to develop an indigenous fighter engine producing 24,000lb thrust with afterburners, with the programme running from 2027 to 2040 and targeting the KF-21 Block 3 variant.