Don’t miss the latest developments in business and finance.

US Defence

Beck is one of fewer than 20 executives to report directly to Chief Executive Officer Tim Cook

Updated On: 05 Apr 2023 | 7:38 AM IST

US Secretary of Defense Lloyd J Austin III said that the $842 billion budget proposal for the fiscal year 2024 for the Defense Department is a strategy-driven budge

Updated On: 29 Mar 2023 | 9:03 AM IST

The Pentagon intends to load up on advanced missiles, space defence and modern jets in its largest defence request in decades in order to meet the threat it perceives from China. The spending path would put military's annual budget over the USD 1 trillion threshold in just a matter of years, its chief financial officer said Monday. The administration is asking Congress for USD 842 billion for the Pentagon in the 2024 budget year. It's the largest request since the peak of the Iraq and Afghanistan wars in the mid-2000s, when the weight of hundreds of thousands of troops deployed in those overseas conflicts ballooned overseas war spending. Now, the budget could surge again. That's in part to meet the higher cost of weapons and parts, but also to answer the vulnerabilities that the Ukraine war has exposed in the U.S. defense industrial base, and the strategic threat the U.S. sees from China's rapidly growing nuclear arsenal, its hypersonic capabilities and its gains in space. Even if i

Updated On: 14 Mar 2023 | 8:13 AM IST

The US has charged five Russian nationals, including a suspected Federal Security Service (FSB) officer for allegedly conspiring to obtain military-grade and dual-use technologies from US companies

Updated On: 14 Dec 2022 | 9:47 AM IST

An analysis of defence capex over the past 12 years shows a noticeable shift towards indigenisation

Updated On: 29 Sep 2022 | 10:11 PM IST

The US Army has grounded its entire fleet of Chinook helicopters, a battlefield workhorse since the 1960s, over the risk of engine fires, a media report said Tuesday. The Wall Street Journal, which broke the story, said such an extreme step was taken out of abundance of caution. India has about 15 CH-47 Chinook helicopters. Over the past few years, they have emerged as one of the major military tools for airlift operations in places like Ladakh and Siachen glaciers to assist Indian forces deployed in these regions. India received the first batch of Chinook helicopters in February 2019. Boeing completed the delivery of 15 Chinook helicopters to the Indian Air Force in 2020. Officials told the Wall Street Journal the US Army was aware of a small number of engine fires in the helicopters, and the incidents didn't result in any injuries or deaths. "One of the officials said the fires occurred in recent days, the Journal said. "The U.S. Army Materiel Command grounded the fleet of hundr

Updated On: 01 Sep 2022 | 12:58 AM IST

US Secretary of Defense Lloyd Austin vowed to help Asian nations push back against Chinese "bullying," describing the efforts as necessary to prevent a repeat of the Ukraine crisis in the Pacific

Updated On: 11 Jun 2022 | 11:31 AM IST

Biden has already approved more than USD 2.6 billion in military assistance for Ukraine since Russia launched its invasion on Feb. 24

Updated On: 21 Apr 2022 | 7:19 AM IST

Politico said on Monday that Harris's Senior Advisor Herbie Ziskend confirmed the appointment of Shanti Sethi, who will also have the title of executive secretary

Updated On: 19 Apr 2022 | 9:34 AM IST

Defence Minister Rajnath Singh on Sunday (local time) met with US aerospace and defence majors Boeing and Raytheon and exhorted them to take advantage of the policy initiatives in India aimed at 'Make in India' and 'Make for World'."Raksha Mantri Shri @rajnathsingh met with the U.S. aerospace & defence majors Boeing and Raytheon after reaching Washington DC. He exhorted the companies to take advantage of policy initiatives in India to steadily march from 'Make in India' towards 'Make for the World'," tweeted the Office of the Defence Minister.The minister arrived in Washington DC on Sunday as part of his five-day US visit during which he will take part in the fourth India-US 2+2 Ministerial Dialogue. During his stay in the US till April 15, Singh will hold talks with the US leadership on ways to deepen the India-US strategic partnership.The defence minister will also meet his US counterpart Lloyd J Austin III at the Pentagon on Monday.India and the US are set to hold the 2+2 ...

Updated On: 11 Apr 2022 | 9:37 AM IST

Russian President Vladimir Putin's war in Ukraine and his push to upend the broader security order in Europe may lead to a historic shift in American thinking about defence of the continent

Updated On: 16 Mar 2022 | 7:37 AM IST

The bill also notes that the US President cannot issue a separate designation of Pakistan as a Major NATO ally

Updated On: 05 Jan 2021 | 2:28 AM IST

Nearly two-third of the world's oil shipments transit across the Indian Ocean to the Pacific Ocean. Eight of the 10 busiest container ports are in the region.

Updated On: 22 Jul 2020 | 3:55 PM IST

The 10-year contract, which is intended to transform and modernise the US military's cloud computing system, is considered significant, owing to its centrality to "new forms of war"

Updated On: 16 Nov 2019 | 2:08 AM IST

The Pentagon also released video of airstrikes on a group of unknown fighters on the ground who opened fire on the helicopters that ferried US forces in for the assault on Baghdadi's compound in Syria

Updated On: 31 Oct 2019 | 10:39 AM IST

Esper and Dunford are still deciding on the specific number of troops and weapons systems

Updated On: 21 Sep 2019 | 8:47 PM IST

The report could add to trade tensions with China, bolstering the Trump administration's "Buy American" initiative

Updated On: 05 Oct 2018 | 7:26 AM IST

During the previous Obama administration, Pakistan used to get nearly 1.2 billion aid from the US under the Enhanced Partnership with Pakistan Act of 2009 also known as the Kerry-Lugar-Berman Act

Updated On: 02 Aug 2018 | 12:04 PM IST