Defence Industry
Def-expo 2020 IDD Bureau European giant MBDA and Indian company Larsen and Toubro ( L&T) have announced they have export orders for select missiles and will separately display latest anti-tank guided missiles (ATGM-5) at the ‘Def-expo’ 2020 which opens in Lucknow on February 5. The companies also will be showcasing next-gen offerings like Short range
IDD Bureau An officially constituted committee of the Indian Parliament has recommended to the Government to make India a ‘lucrative place’ for foreign military equipment manufacturers to be ‘investing’ in the defence industrial sector. It has also, separately asked for promotion of India industry, as imports were not decreasing. These are part of suggestions to
COMCASA to be operationalised IDD Bureau: India and the US have signed the Industrial Security Annex (ISA) and agreed to operationlize COMCASA –a communication sharing agreement – that will allow wider joint operations of the forces. The ISA was inked by the two sides ahead of the 2+2 ministerial-level dialogue in the US on December
IDD Bureau India and the US are set to escalate their strategic ties by inking the Industrial Security Annex (ISA). It will allow Indian military equipment manufacturers to have technology sharing partnerships with their US counterparts. While it will allow Indian private companies to partner in producing cutting edge military equipment, US and its companies
US-based Lockheed Martin (LM), the biggest arms manufacturing company of the world with an order book of over USD 47 Bn (FY 2017-2018), has said it is “committed to fostering” “India’s defence industry” through “game-changing defence partnerships.” LM was judged to be the biggest arms and military service manufacturing company beating its competitors like Boeing
IDD Bureau Indian Navy has finalized the size of its next aircraft carrier at 65,000 tonnes, having a full electric propulsion and will deploy the Catapult Assisted Take-Off But Arrested Recovery (CATOBAR) system for launching and retrieving fighter jets on its deck. This has multiple signals. The size matches that of the Queen Elizabeth Class
IDD Bureau Lockheed Martin has appointed William (Bill) Blair as Vice President and Chief Executive for Lockheed Martin in India. In this role, Blair will lead the growth and development of Lockheed Martin’s business in India and serve as the executive representative for all of Lockheed Martin’s programmes, products and services in the country. He
IDD Bureau The UK India Business Council (UKIBC) have announced the establishment of an Aerospace and Defence Industry Group (ADIG) to promote UK-India collaboration for make in India. Core members of the group include Rolls-Royce, BAE systems, Thales UK, MBDA, Leonardo, TVS Logistics, PEXA, Pattonair and Cranfield University, the council said in statement on Friday.
IDD Bureau Key to India’s defence manufacturing abilities are its nine public sector companies which now collectively have orders of US $ 33.1 Billion to make equipment like warships, planes, helicopters, tanks, cockpit displays and missiles, among other items. The Ministry of Defence owns these companies which ae otherwise run and operated like corporate entities
IDD Bureau India’s plans on making indigenous military equipment notwithstanding, its imports from foreign sources have been rising for the past five years. Import of military equipment has been to the tune of Rs 42,974 crore or nearly US $ 6 Billion the financial year ending March 31, 2019. The import was Rs 29,222 Crore
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