Newscast: January 25th, 2007

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India, Russia Ink Next Generation Fighter Aircraft Cooperation

Russia and India agreed to jointly pursue the development of fifth generation fighter aircraft and a multi-mission cargo aircraft. The agreement was reached by representatives of the two countries met today (January 24, 2007) at New Delhi, for the sixth bilateral military technical cooperation meeting. Production of the new aircraft will be shared by the Russian company Sukhoi and Indian company HAL. The two countries agreed to conduct joint exercises including the Russian and Indian Air Forces. In 2007, the two countries are planning to conduct counter terrorist exercise in Russia.

Second Royal Navy Type 45 Destroyer Launched

The Royal Navy's newest warship, the Type 45 Destroyer HMS Dauntless, was launched on the Clyde January 23, 2007 by Lady Burnell-Nugent, wife of the Commander In Chief of the Fleet. HMS Dauntless is the second of the new Type 45 class of Anti-Air Warfare Destroyers. BAE Systems is the prime contractor for the delivery of the first six Type 45 Destroyers under contract worth over £6 Billion. The first ship of the class, HMS Daring, will start her sea trials later in 2007 and will enter service in 2009. HMS Dauntless is expected to go into service early next decade. Three further Type 45 ships are under construction and work on the sixth ship is due to start soon.

U.S. Plans Deployment of Missile Defense in Eastern Europe

Planning to extend the coverage of its missile defense system, the US opened formal negotiations with Poland and the Czech Republic about basing elements of the U.S. anti-ballistic missile system in Eastern Europe. The purpose of these systems will be to provide for a 'first line of defense' against attacks by 'rogue states'. The interceptors will provide protection for both Europe and the continental United States, from single missile firings or small salvos of ballistic missiles launched from Iran or North Korea. However, the steps are causing significant concern in Russia.

Northrop Grumman, RADA Team for Tactical Rocket Shield

One month before the planned decision on Israel's Tactical Rocket Shield, Northrop Grumman is improving the positioning of its Skyguard High Energy Laser Defensive System toward the Israeli Ministry of defense, by teaming with RADA Electronic Industries Ltd. (NASDAQ: RADI). Under the teaming agreement between the Israeli company and Northrop Grumman's Space & Mission Systems division, the two companies will cooperate in performing contracts resulting from the procurement of the Skyguard system, in case such system is selected by the State of Israel.

AM General Orders HMMWV Protection at Armor Holdings

Armor Holdings, Inc. (NYSE:AH), received an order from AM General valued at $56.3 million under a blanket purchase agreement to provide armor components for the M1151, M1152 and M1165 Up-Armored HMMWV programs. The Company stated that the new order represents work through June 2007.

Tadiran Receives US$ 20 Million for new SDR Radios

Tadiran Communications reported last week it received an additional order of $20.5M from Israeli Ministry of Defense, for the supply of the new Software Defined Radio under development by Tadiran. This order is follow-on to the first order worth $19.6 million awarded in December 2005 for the development and initial supply of next generation software defined radio (SDR) systems for use by the various branches of the Israel Defense Forces. The new radio will provide high-speed simultaneous voice and data communications, and support multiple advanced communications protocols.


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