Iran's semi-official Fars News Agency has reported that the Iranian air force is scheduled to begin a series of week-long war games on Saturday (7/31). The exercises will involve more than 40 aircraft including the country's unmanned aerial vehicles (UAVs).

Via the linked-to RIA Novosti article we learn the war games have been code named Fada'eyan-e Harreem-e Vellayat, which apparently means Devotees to the Sanctity of Religious Leadership.

Russia's RIA Novosti reports that Romania plans to replace its aging fleet of Russian MiG-21 LanceR fighters with used F-16 Falcon jets, which the U.S. will supply for free if Romania takes responsibility for modernizing them, training the pilots and upgrading runways to accommodate the jets.

The U.S. Navy's Naval Air Systems Command has grounded 104 Navy and Marine F/A-18 Hornet fighter jets (models A through D) because inspectors discovered the airframes were developing cracks much earlier than engineers had thought reports NavyTimes.com. Interestingly the crash of a Marine F/A-18D last week was not related to this problem according to a Navy spokesperson.

The South Korean Navy is acquiring eight new P-3CK maritime patrol aircraft this year from Korea Aerospace Industries (KAI). The first three planes are to be delivered on Tuesday (2/23) and the remaining five are expected by the end of June.

India on Sunday successfully test-fired its homemade Agni III intermediate-range ballistic missile (IRBM).

The nuclear capable missile has a range of over 2,000 miles. Indian officials have said the weapon is now going to be inducted into the military's arsenal.

South Korea has given Peru eight Cessna A-37 Dragonfly light attack aircraft for the Andean nation to use in its fight against the narcotics trade.

The aircraft or part of a fleet the U.S. sold to South Korea in the 1970s.

Russia unveiled and began test flying its fifth-generation fighter jet, the Sukhoi T-50, on Friday. The first Russian fighter to employ "stealth" technology is expected to go into service in the country's air force in 2013, with exports beginning in 2015.