In a statement the Pentagon said, the U.S. State Department has approved the potential sale of CH-47F Chinook helicopters and related equipment to Egypt for an estimated cost of $2.6 billion. Egypt had requested to purchase 23 CH-47F Chinook helicopters…. Read More ›
sale
Carlyle Group in talks to acquire US defense contractor ManTech International Corp
According to sources familiar with the matter at hand, Carlyle Group Inc is in advanced talks to acquire U.S. defense contractor ManTech International Corp in a deal that values it at around $4 billion. Ever since reports of ManTech’s co-founder George Pederson… Read More ›
US Approves sale of F-16 fighter aircraft to Bulgaria
In a statement the US Department of Defense said, the State Department has approved the potential sale of up to 8 F-16 fighter planes and related equipment to Bulgaria, in a deal valued at $1.673 billion. The principal contractor for… Read More ›
US approves sale of M270 MLRS rocket launchers to Bahrain: Pentagon
In a statement the U.S. State Department said, it has approved the potential sale of M270 Multiple Launch Rocket Systems Upgrade and related equipment to Bahrain at an estimated cost of $176 million. The principal contractor will be the Lockheed… Read More ›
US State Department approves $13.9 of F-15ID fighter jets to Indonesia
In a statement the Pentagon said, the U.S. State Department has approved the potential sale of F-15ID fighter aircraft and related equipment to Indonesia in a deal valued at up to $13.9 billion. Indonesian Defense Minister Prabowo Subianto said, Indonesia… Read More ›
US approves $100M sale of military equipment and services for Taiwan
In a statement the Pentagon said, it has approved a potential sale of military equipment and services worth $100 million to Taiwan to “sustain, maintain, and improve” its defense systems. In a statement, the U.S. Defense Security Cooperation Agency said,… Read More ›
Mercedes-Benz gains lead in India with domestic assembling while Tesla continues to work on challenges
In a tweet Tesla’s CEO Elon Musk said, it is “still working through a lot of challenges with the government” in India, in response to a question on a potential launch date for its electric cars in the country. Last… Read More ›
Exxon Mobil intensifies US shale gas asset sales
Exxon Mobil has launched the sale of its shale gas properties underscoring growing intents to divest its U.S. assets. Excon, a top U.S. oil producer, has placed 61 wells that produced nearly 81 million cubic feet per day equivalent (mmcfd) of… Read More ›
Will pay $11B in taxes this year: Elon Musk
In a tweet, Tesla Inc’s CEO Elon Musk said, he will be paying more than $11 billion in taxes this year. The development comes in the wake of Democratic Senator Elizabeth Warren tweeting that Musk should pay taxes and stop “freeloading… Read More ›
Sale of F-35 stealth fighters only after UAE understands obligations
According to an official from the Biden Administration, the United States intends to move forward with the sale of 50 F-35 stealth fighter jets to the United Arab Emirates after Washington gets a clear understanding of “Emirati obligations”. “We continue… Read More ›