The Hindustan Aeronautics Limited recorded a turnover of over Rs 21,100 Crores for the financial year ended on March 31, 2020 recording a growth of around seven percent during 2019-20. During 2019-20, 31 new aircraft/helicopters and 117 new engines were produced and overhaul of 199 aircraft/helicopters and 490 engines were undertaken. HAL has...
Defence Export
India’s export of military equipment increased from Rs 1521.86 Crores in FY 2016-17 to Rs 8,620.59 Crores in the last fiscal 2019-20. The increase is more than 5-and-half times while the target for FY 2020-21 is Rs 15,000 Crores, according to the data updated by DDP on April 14, 2020. Private sector companies...
Defence Military Spending 2019-20
As per the report on ‘Trends in World Military Expenditure, 2019’ by the SIPRI, the global military expenditure rose to $1917 Billion in 2019, almost 2.2% of the global Gross Domestic Product (GDP) representing an increase of 3.6% in annual growth as compared to 2018. The top five largest spenders — US -...
FDI in Defence Industry Sector
FDI in Defence and Aerospace sector has not been up to the expectations. So far (i.e. till December, 2019), 79 Foreign companies, have invested over Rs. 3155 Crores.
...Misc Development News
- Airbus Defence and Space has entered an agreement with the French Space Agency, Centre National d’EtudesSpatiales (CNES), to develop a thermal instrument for the TRISHNA satellite which will monitor climate change.
- Saab has completed the first air trials with its new fighter X-band AESA radar, which will be offered as a new addition to...
HAL, Elbit Systems signs MoU
HAL signed a MoU with Elbit Systems for promoting and marketing the Digital Head up Displays (HUD) units. The MoU envisages extending cooperation for new HUD technologies and promote Digital HUD to the Indian Defence Services and other potential customers. The digital HUD would incorporate new features like Wide Instantaneous and Total Field...
US clear missiles, torpedoes for India’s P-8I aircrafts
US State Department has cleared procurement of 10 Boeing manufactured AGM-84L Harpoon Block II anti-ship missiles by India with an estimated price tag of $92 Million, as well as 16 MK 54 all up round lightweight torpedoes from Raytheon, worth an estimated $63 Million to be fitted on P-8I maritime surveillance aircraft for...
India awards contract for EW suites to Elbit
Elbit Systems has been awarded a contract valued at approximately $103 Million to supply comprehensive Electronic Warfare (EW) suites for the Indian Air Force. The contract will be performed over a three-year period and includes long-term integrated logistic support. Under the contract, Elbit Systems will fit the customer’s helicopters with complete EW suites...
Electro-Optical Fire-Control System for AH-64 Apache Attack Helicopter
Lockheed Martin will provide the militaries of India and Taiwan with an electro-optical fire-control system that helps AH-64 Apache attack helicopter crews fire weapons accurately and navigate safely in bad weather and at night. US Army has announced a $67.6 Million order to the Lockheed Martin Missiles and Fire Control segment for the...
OFB, BEL develops Remote Control Weapon Station
Ordnance Factory Board (OFB) in conjunction with Bharat Electronics Limited (BEL) has developed a new Remotely Operated Weapon Station (ROWS) armed with the Russian-designed NSVT 12.7 mm heavy machine gun (HMG).
The unmanned combat station was specifically designed to carry a combat-ready NSVT HMG, which is mounted on a two-axis...