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Defence & Aerospace

India will become the world’s third largest aviation market around 2024 surpassing the United Kingdom, global airlines’ body IATA said as it projected total air passenger numbers to touch 8.2 billion in 2037. Releasing the latest update to IATA’s 20-year Air Passenger Forecast, the grouping also cautioned that growth prospects for air transport and the […]

India’s defence research and development organization (DRDO) wants to sell tech that it says it has developed for a `super radar’ for fighter jet aircraft and has asked Indian Industry to submit proposals for transfer of technology (ToT). Electronics and Radar Development Establishment (LRDE) has said that it is ready with its “Active Electronically Scanned […]

Government-run Bharat Earthmovers Ltd today signed a memorandum of understanding with the construction company Larsen and Toubro to capitalise on the opportunities in domestic and export markets for defence products and systems. In a press release, BEML said the MoU was aimed at leveraging ‘Make in India’ initiative for increased value- addition within the country […]

Defence ministry today approved military purchases worth over Rs.5,500 crore, including 12 high power radars for the Indian Air Force. Decision was taken at a meeting of the Defence Acquisition Council (DAC) chaired by Defence Minister Nirmala Sitharaman.DAC, defence ministry’s highest decision-making body on procurement, met here today and accorded approval for the procurement of […]

BEML’s Defence segment accounted for around 17% of the company’s overall revenue of Rs 33 billion in the financial year ended March 2018. Public sector engineering major, Bharat Earth Movers Limited (BEML) is betting big on the defence vertical with a plan to double its revenues from this segment in the current financial year.Defence segment […]

Looking at Rs.1,000 crore defence revenue in 3 years. Leading auto component engineering company Bharat Forge expects its revenue from defence business to exceed Rs.1,000 crore in three years helped by potential orders from the Indian Army in the area of artillery guns and other equipment. Pune-headquartered company has set a target to become the […]

Swedish defence manufacturer Saab Group has said that it is ready to start making its very-short-range air-defence (VSHORAD) system in India, provided the customer, the Government of India, issue its supply order. The company is in touch with around 110 companies in India for local supplies of the product and working on testing with many […]

India has called off an order to buy Spike anti-tank guided missiles from Israel’s state-owned defence contractor Rafael, the company said on Wednesday. The deal was worth about $500 million and the announcement of its termination came a couple of weeks before Israeli Prime Minister Benjamin Netanyahu is due to visit India.An Indian Defence Ministry […]

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