Financial Announcements - currentdefencenews.com

November 29, 2024
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Air Platforms

Possible setback for the IAF’s MRFA tender: projected rise in local production costs of $20–30 million per plane

The Medium Role Fighter Aircraft (MRFA) tender of the Indian Air Force (IAF), which has been eagerly anticipated and is intended to acquire 114 advanced fighter planes, is faced...

October 24, 2024
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Communication and Electronics

Netherlands Authorized to Acquire $1.42 Billion in Radio Equipment Through FMS Program

The Netherlands has submitted a request to procure a range of non-Major Defense Equipment items, including AN/PRC-117G, AN/PRC-152A, AN/PRC-160, AN/PRC-163, and AN/PRC-167 radios. The request also covers tactical key...

October 24, 2024
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Land Platforms

U.S. Army Grants Raytheon $676 Million in TOW Missile Contracts

Raytheon has delivered more than 700,000 Tube-launched, Optically-tracked, Wire-guided (TOW) weapon systems to the U.S. military and allied forces globally. Since 2003, the TOW missile has been employed in...