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Monthly Archives: August 2017

LM Tie up with TASL

Lockheed Martin has tied up with Tata to bid for India’s $12 billion fighter jet deal. LM proposes to make India global maintenance hub for around 3000 numbers of F-16s world wide.TASL at present   manufacturers aircraft and aerostructures.   http://www.livemint.com/Companies/O5vidL9GOtAJmUKSrnqL2I/Lockheed-Martin-says-India-could-become-F16-fighter-jets-ma.html...
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Proj 75(I)

Indian Navy has issued a RFI for foreign OEM for Project 75 India, worth over $7.8 billion. RFI has been sent on July 19 to - Germany’s ThyssenKrupp Marine Systems, French-Naval Group (former DCNS), Navantia - Spain, Sweden Saab , Russia’s Rosoboronexport - Rubin Design Bureau, Mitsubishi Heavy Industries and Kawasaki Heavy Industries (Japan), under newly-formulated...

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Financial Empowerment to Service HQ

The Govt has delegated financial powers to Vice Chiefs of three services, to strengthen border security at sensitive military establishment to procure equipment and carry out civil works, with a limit of Rs 800 crore yearly in strengthening border security at the sensitive bases.

http://www.financialexpress.com/india-news/in-big-move-narendra-modi-government-empowers-army-navy-iaf-hands-over-financial-power-to-boost-security-at-installations/782900/

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Defence FDI is to be Enhanced

The government is considering and likely to allow 100% FDI through automatic route (AR) for the production in India in some segments such as tanks, armoured vehicles and military transport aircraft, 70% for fighter aircraft and helicopters and51% for submarines and warships. The policy is aimed at drastically cutting down defence imports from...

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Apache Delivery

Boeing will start delivery of Apache Helicopter early next year and likely to deliver 22 number within a span of nine months. It is equipped with laser and infrared systems for all-weather, day-night operability, the Apache fires the Hellfire air-to-air missiles, besides its arsenal of 70 mm rockets and an automatic cannon.

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