New York, Geneva (AirGuideBusiness - Aerospace & Defense News - Defense Europe) Apr 10, 2011
Airbus European nations expected to OK Airbus A400M bailout Thursday. European buyers were expected to sign off on a bailout plan to rescue the troubled Airbus A400M airlifter on Thursday. The airlifter is Europe's single largest defense project, and the bailout represents a plan by seven NATO nations to prevent its collapse from cost overruns and delays. Apr 7, 2011
Dassault Aviation Between September 2009 and January 2011, Brazil's F-X2 fighter competition seemed more like a power struggle than an evaluation process, with the state's political leadership favouring the Dassault Rafale and the air force preferring either of two alternatives. In this narrative, the winning bid would belong to the victorious side of an internal battle within the Brazilian bureaucracy, with most bets on the Rafale - President Luiz Incio "Lula" da Silva's declared favourite. However, the dynamics of the competition, worth at least $6 billion, completely changed on 6 December 2010, when da Silva ceded the F-X2 decision to his successor and former chief of staff Dilma Rousseff, who became president on 1 January 2011. Apr 4, 2011
Elbit Systems Elbit Systems Files Lawsuit to Collect Amounts Due under Contracts with the Georgian Government. Elbit Systems Ltd. announced today, that it has filed a lawsuit in the High Court of Justice of the United Kingdom against the Government of Georgia (the "Government"), in an amount of approximately $100 million. The lawsuit was filed as a result of the Government's failure to pay amounts due to the Company in connection with deliverable items under several contracts signed in 2007. Apr 8...