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  1. Saudi Arabian Airlines (Saudia), who signed a SR12-billion deal for the purchase of 12 super-efficient Boeing 787 airplanes to modernize its fleet, will reduce its fuel costs by 20% as the new version aircraft are highly fuel-efficient.
  2. Saudi Arabia's Sama Airlines will suspend all operations from today following hefty losses. The decision was taken after the airline recorded losses of SR1 billion ($266 million), according to a Sama official.
  3. Northrop Grumman Corporation (NGC) has been awarded a contract by EADS Defence & Security, through its Military Air Systems business unit, to deliver 88 inertial measurement units (IMU) for Tranche 3A of the Eurofighter Typhoon.
  4.     Saudi Arabia plans to build a new airport in Al Qunfudah province, Jeddah-based Okaz daily reported, citing Fada Al Baqami, the Governor of the area. The site of the new airport is in the Jabal Murshid area in the south east of Al Qunfudah,...
  5. Iran unveiled a prototype long-range unmanned bomber on Sunday, the latest in a stream of announcements of new Iranian-made military hardware as tension mounts over its nuclear program.
  6. RAK Airways will re-launch its operations in the September-October period with an aim to break-even on the first year, its Chairman said.
  7. Gulf Air expects to cut last year's $500 million loss to $300 million this year, half that next year and be in a manageable situation by 2012.
  8. The last American combat brigade pulled out of Iraq and crossed into Kuwait at dawn on Thursday, almost seven and a half years after the US-led invasion ousted Saddam Hussein, a US military spokesman said.
  9. Defense Minister Ahmad Vahidi said that Iran will unveil an array of new weapons next week, including missiles, speedboats and a long range drone, the ISNA news agency reported.
  10.   Lockheed Martin signed a contract with the Sultanate of Oman for two additional C-130J Super Hercules.
 



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