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Farnborough saw three times more contracts signed in its first day than two years ago

Farnborough saw three times more contracts signed in its first day than two years ago

The cost of contracts signed in the first day of Farnborough Air Show in the UK, three times the value of contracts signed in the first day of the 2012 show. According to British Prime Minister David Cameron commenting on the first day results, the total volume of signed contracts amounted to about USD 41.9bn, […]

Indonesian president vows to ban state-run firms from buying ships built overseas

President of Indonesia Joko Widodo is planning on banning local companies from ordering new ships overseas, IHS Maritime reports referencing local media. “Orders abroad will no longer be allowed. Why should we order abroad while we are already able to build them,” Widodo said when visiting Anggrek Hitam shipyard in Batam over the weekend. Widodo […]

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Airbus Group reported net profit up 50 percent to EUR 1.14 billion in H1’14

Airbus Group reported its net profit for the first half of 2014 increased by 50 percent to EUR 1.14 billion, the company reports. Group revenues increased six percent to EUR 27.2 billion (H1 2013: EUR 25.7 billion), driven by Airbus Commercial Aircraft and Airbus Helicopters with flat revenues at Airbus Defence and Space. Airbus’ revenues […]

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Chile prosecutor seek to fine 6 carriers by USD 75 million

Chile’s competition watchdog is asking a court to issue USD 75 million in fines as it accused six car carrier operators of forming a customer-allocating cartel, TradeWInds reports. The National Economic Prosecutor’s office (FNE) filed charges in the country’s Free Trade Defence Tribunal (TDLC) against Chile’s Compania Sud Americana de Vapores (CSAV), Compania Chilena de […]

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Finmeccanica shortlists two for assets – CEO

Italy’s Finmeccanica has shortlisted two bidders for the transport assets it has put up for sale to cut debt and focus on its core aerospace and defence businesses, CEO Mauro Moretti said on Wednesday on the sidelines of an event in Rome. Moretti said Finmaccanica will pick the winning bidder by the end of October, […]

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SOZHT proposes to allow private security companies escort cargoes by rail transportation

SOZHT – union of Russian rail operators and rolling stock owners – appealed to the Ministry of Transport with a proposal to allow private security companies to escort cargoes by rail transportation. Presently security services are provided by the Ministry of Transport security service – FGP Departmental Security on railway transport of the Russian Federation. […]

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Exports of military-industrial complex Croatia in 2014 reached a record level

The value of military exports to Croatia last year exceeded 220 million US dollars, which is 10% higher than a year earlier – 195 million dollars. With three quarters of all goods produced two leading Croatian company HS Product and Estan-Busch. The main buyer of weapons and military equipment from both companies is the United […]

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