AIRSHOW-Foreign jet makers need their govt’s nod to make in India – minister

Feb 14 Foreign aircraft manufacturers offering to make combat jets in India will have to win approval from their governments, Indian Defence Minister Manohar Parrikar said, in a measure aimed at ensuring projects are not affected due to policy flip-flops. These comments come at a time when U.S. firm Lockheed Martin has said the new administration under President Donald Trump may want to take a “fresh look” at its proposal to move production of its F-16 combat jets to India.

BAE Systems to modernize USS Roosevelt under $51 million Navy contract

BAE Systems will maintain and modernize the USS Roosevelt, an Arleigh Burke-class guided missile destroyer, under a new $51.3 million U.S. Navy contract. Under the depot maintenance availability contract, BAE Systems first will dry dock the ship at the company’s shipyard and then complete the work at Naval Station Mayport, both located in Jacksonville, Florida.

Trump tweets rattle markets, Mideast, nukes

President-elect Donald Trump long ago earned a reputation for being unpredictable in his statements, but he outdid himself on Thursday. In the span of just a few hours, Trump shook international relations by undercutting the Obama administration over a UN resolution on Israeli settlements, indicated he would ramp up nuclear competition with Russia and then jolted a major defense contractor — and its shareholders — by suggesting he would ask Boeing to replace a fighter jet being made by Lockheed Martin.