As the latest collaboration between Reliance Industries Limited (RIL) and the Indian Defense Force, the Indian Navy has taken help from the country’s largest private sector company to shoot underwater videos of the TRV 72. The TRV 72 is a torpedo recovery vessel that sank on November 6th approximately 38 nautical miles off the coast […]
“Hundreds of thousands of Iranian fighters” prepared to fight ISIL to the death if so ordered
The Commander of Iran’s Basij (volunteer) forces Brigadier General Mohammad Reza Naqdi said “hundreds of thousands of Iranian fighters stand ready to be dispatched to the battlefields in the region to fight against the terrorists and Takfiri groups, especially ISIL “, according to Fars news agency. “Furthermore they will fight to the death if so […]
“We must achieve breakthrough development of all components of high precision weapons”, says Putin
On September 10, 2014 President of Russia Vladimir Putin held a meeting on drafting the 2016–2025 State Armament Program. The President announced at the meeting that he will personally head the Military-Industrial Commission, which was previously overseen by the Government. Deputy Prime Minister Dmitry Rogozin has been appointed Deputy Chairman of the Commission, and Deputy Defence Minister […]
Putin pushes for massive rearmament program in Russia to meet threat posed by the United States and NATO
On September 10, 2014 President of Russia Vladimir Putin held a meeting on drafting the 2016–2025 State Armament Program. The President announced at the meeting that he will personally head the Military-Industrial Commission, which was previously overseen by the Government. Deputy Prime Minister Dmitry Rogozin has been appointed Deputy Chairman of the Commission, and Deputy Defence Minister […]
Pentagon grounds entire US Air Force and Navy F-35 fleets due to unknown problem in the engine design?
On July 3, 2014 Pentagon Press Secretary Rear Admiral John Kirby issued the following statement concerning the grounding of the Air Force and Navy’s F-35 fleets. Apparently the problem is in engine design. According to various reports the “engine caught fire while the aircraft was on the ground.” What follows is the press statement as […]
Investor in Orbital Sciences Corp (NYSE:ORB) files Lawsuit filed to Halt the Takeover
The Shareholders Foundation announces that an investor, who currently holds shares of Orbital Sciences Corp (NYSE:ORB) filed a lawsuit in effort to halt the takeover of Orbital Sciences Corp by Alliant Techsystems Inc. Investors who purchased shares of Orbital Sciences Corp (NYSE:ORB) and currently hold any of those NYSE:ORB shares have certain options and should […]
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