News in Brief








Argentine FAdeA reduces losses, restarts production

Argentina’s state-run Fábrica Argentina de Aviones SA (FAdeA), after a year of restructuring and new management, has reduced its annual losses by 92% with spending cuts, including USD20 million cut from infrastructure and USD20 million…



Russia still mulling carrier refit

Uncertainty persists over when the long-anticipated major repair and modernisation of Admiral Kuznetsov , the Russian Navy’s only aircraft carrier, will begin and how much it will cost. Citing a Russian defence industry source,…