Japan and Britain are set to agree to begin joint development of arms following Tokyo's easing of its ban on exports of military equipment late last year, the Mainichi daily reported on Wednesday.

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US defence major Lockheed Martin has bagged a deal expected to be worth over Rs 100 crore for supplying laser-guided bombs (LGBs) for the Jaguar fighter aircraft fleet in the Indian Air Force (IAF).

The United States expressed interest on Wednesday in selling its most sophisticated fighter to India, just six months after New Delhi rejected two older US warplanes in a competition for an $11 billion contract.

Mumbai: Tata Advanced Systems and Lockheed Martin Corporation, today announced the formation of a new joint venture company called Tata Lockheed Martin Aerostructures to manufacture aerostructures