Cobham has won a potential $302 million contract extension to continue providing operational readiness training services to U.K. Defence Ministry personnel. The five-year base period is worth $249 million and work would extend to 2019 with options, Cobham said Thursday. Bob Murphy, Cobham CEO, said the award continues the company’s technology and... 

Defense Department photo The Defense Department has outlined how potential sales of new fighter jets to South Korea would occur depending on which jet the country selects, Defense News reports. Aaron Mehta reports Lockheed Martin (NYSE: LMT) is offering its F-35 Joint Strike Fighter, Boeing (NYSE: BA) is proposing its F-15SE Silent Eagle and Eurofighter... 

BAE Systems and EADS are discussing a potential combination with talks at an advanced stage, Bloomberg reports. If the deal goes through, BAE would retain its independence to operate in the U.S. defense market, a source told Bloomberg. Linda Hudson, CEO of BAE’s U.S. subsidiary, recently said the potential of large U.S. budget cuts resulting from... 

BAE Systems is on the verge of reaching a $808 million deal to provide Hawk trainer aircraft to Saudi Arabia, the Sunday Times reports. A deal is expected to be reached within the next few months, according to the report. Under the deal, the company would supply up to 30 Hawk aircraft for in-flight training. Saudi Arabia recently ordered 72 Eurofighter...