Monthly Archives: April 2017

India and Korea has recently signed an Inter-Governmental MOU for Defence Industry Co-Operation in Shipbuilding. Hindustan Shipyard Limited (HSL), Visakhapatnam from the Indian side is nominated for the collaboration. The co-operation with the recommended Korean Shipyard would enable HSL to upgrade and modernise its facilities and execute naval shipbuilding projects in a timely...

L&T is likely to form a JV with Hanwha Techwin (Earlier Samsung Techwin) to supply 100 self-propelled gun K-9 Vajra-T’ 155-mm/52-calibre howitzers, under the  Make in India programme worth about Rs. 4,600-crore. Earlier, L&T forged a 51:49 joint venture with MBDA Missile Systems with an eye on Rs. 10,000 defence segment to design,...

The Rolls-Royce has opened a defence service delivery centre in India to improve capability and provide faster front-line support service. Currently over 750 engines in a range of aircraft is being used by the defence as well as commercial aircrafts, such as the C-130J, Hawk advanced jet, Embraer and Jaguar, among others. http://www.livemint.com/Companies/m5gMIr8JXE16Sfjqg9xLBP/RollsRoyce-opens-defence-service-delivery-centre-in-India.html...

The Government has planned to sale the stake of its holdings in the shipyard and factories that supply India’s military, to extent about worth $11 billion. Among the biggest stakes to be sold are in Hindustan Aeronautics Ltd. and Cochin Shipyard Ltd.

http://www.livemint.com/Companies/Q7Yo3MUfeBgS3md4J5P30N/Cochin-Shipyard-leads-sale-of-stakes-in-Indian-arms-spree.html  ...

HAL and L&T will be the new partner of ISRO, to build space rockets. Both HAL and L&T likely to given a 20% stake in this JV while Godrej, Walchand Industries Ltd may get around 3% each, while 1.5% stake may be parked each with other three small avionics partners. The first launch...

The US has affirmed on Indo-Us Strategic Partnership involving countering terrorism and to advance regional peace, security and stability. Additionally, in the last 15 years India has bought weaponry and equipment from US, worth $15 billion. http://economictimes.indiatimes.com/news/defence/us-reaffirms-indias-designation-as-major-defence-partner/articleshow/58238831.cms...

Indian Navy likely to sign a deal with South Korean firm for building 12 minesweeping vessels worth Rs 35,000 crores, as decommissioning of six existing soviet ships is due. The other procurement in pipeline is for four 20,000 ton LPD at a cost of USD 2 billion.

http://www.business-standard.com/article/pti-stories/navy-to-finalise-a-raft-of-big-ticket-deals-by-year-end-117041800764_1.html...

Indian Navymost likely to approach government for second indigenous aircraft carrier. Currently it has only one aircraft carrier, INS Vikramaditya, with INS Viraat retired on March 6 this year.  India at any time requires three aircraft carriers, one each on the east and west coast and the third one as a replacement for...

Reliance signed a deal with South Korea’s company LIG Nex1 for supplying defence equipment to the Indian Armed Forces. The target deal is worth $5 billion with indigenous contents up to $2 billion.

http://www.thehindubusinessline.com/companies/reliance-defence-teams-up-with-south-korean-co-lig-nex1/article9643273.ece...

Mazgaon Docks Ltd. (MDL) is manufacturing six Scorpene conventional submarines with technology transfer from DCNS under a $3.75-billion deal signed in October 2005.The first submarine Kalvari is now in advanced stages of sea trials and expected to be commissioned in a few months. The second submarine Khanderi was launched in January 2017. Discussions...