Roketsan Missiles Industries of Turkey and Sierra Nevada Corporation (SNC) have signed an MoU at Farnborough International Airshow to explore broad areas of cooperation in air and space. SNC offers five decades of experience as an integrator and innovator in aerospace, aviation and electronics. Roketsan provides customer solutions for a broad range of capabilities and services spanning land, air and maritime defence needs.

(MENAFN - The Journal Of Turkish Weekly) A U.S. court has ruled to start the trial of Reza Zarrab, an Iranian-born Turkish businessman who was arrested in Miami in March for attempting to evade U.S. sanctions on Tehran, on Jan. 23 next year. The decision on June 20 came after U.S. District Judge Richard Berman in Manhattan denied bail on June 16 to Zarrab, who had applied to live in a lavish Manhattan apartment on a 50 million bond with private armed guards before going on trial.

WASHINGTON- Lawyers for an Iranian-Turkish national arrested in March on charges of conspiring to evade U.S. sanctions against Iran have asked a federal court to set a $50 million bond for his release until trial. Reza Zarrab is one of three people charged in what prosecutors allege was a five-year scheme involving millions of dollars in transactions on behalf of the Iranian government and businesses. Iran has been under various U.S. economic sanctions since 1979 that bar transactions involving U.S. entities and those related to Iran and its government. Those are different from the more recent sanctions put in place in response to its nuclear program, which were lifted earlier this year.