Monthly Archives: March 2015

L&T, Pipavav shortlisted for Submarine project

Indian government has selected two private sector shipyards - Larsen & Toubro (L&T) and Pipavav Defence & Offshore Engineering Company for Project 75(I) programme under which 6 six conventional submarines will be build for Indian Navy. The contract is expected to be worth around Rs 53000 crores. The tender, would be a ‘Buy...

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Kalyani Group likely to forge JV with Saab

India’s Kalyani Group is planning to form a joint venture company (JVC) with Swedish firm Saab to make land and air defence systems. Both the companies already have a strategic alliance for the same. The expected investment for all the new defence systems ventures is expected to be around Rs 1000 crore over...

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DRDO develops Underwater Vehicle

India’s Defence Research & Development Organisation (DRDO) has recently developed an Autonomous Underwater Vehicle (AUV). The cost of development is expected to be around Rs 35 crores. Further, the DRDO has also undertaken a feasibility study for the development of different types of AUV platforms that could be used for a variety of...

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India, US framed new agreement for defence cooperation

India and United States has framed a new Agreement on Defence Cooperation which would replace the existing agreement which expires in June, this year. The agreement is established under the Defence Technology and Trade Initiative (DTTI) for co-development and co-production of unique and exceptional technologies of mutual interest.

Source: http://economictimes.indiatimes.com/news/politics-and-nation/india-us-finalise-new-defence-cooperation-agreement/articleshow/46554365.cms...
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Indian Navy to buy 50 Shipborne UAV

The Indian Navy intends to procure 50 shipborne drones for intelligence, surveillance and reconnaissance missions as part of its effort to boost maritime security. Recently it had issued a request for information (RFI) seeking details about naval shipborne unmanned aerial system (NSUAS). The navy wants these drones to be capable of flying either...

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India to buys missile warning systems from US

The US Company Alliant Techsystems will supply India, a missile approach warning system to help military aircraft in deploying counter-measures when an enemy missile is fired upon. India is purchasing the system for Air Force and Navy using the foreign military sales route, which is expected to come by 2017. The AN/AAR-47 (V)...

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India, Spain joins hands for cooperation in defence

India and Spain have entered into an agreement on enhancing bilateral cooperation in areas of defence research, development and technology cooperation. Spain also shows its interest to be a part of India’s “Make-in-India” initiative in defence sector. The country also evinced keen interested in being part of the Project P75I, a project under...

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Reliance Infra acquires Pipavav

Reliance Infrastructure, together with its wholly owned subsidiary Reliance Defence Systems Private Limited, has announced to acquire Pipavav Defence and Offshore Engineering Company Limited. The company will acquire 13,00,00,000 equity shares representing approx. 18% shareholding in the Company, aggregating Rs. 819 crore. After the transaction is completed, the existing promoters of Pipavav Defence...

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