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Defence & Aerospace

Civil Aviation Minister Ajit Singh Central government had envisaged an investment of $12.1 billion in the airports sector during the 12th Plan period, and of which, $9.3 billion was expected to come from the private sector for construction of new and low-cost airports and expansion and modernisation of existing ones. https://www.business-standard.com/article/specials/indian-aviation-to-attract-12-1-billion-investment-ajit-singh-114031200678_1.html

A high-level team of officials from the Department of Defence Production will soon visit Maker Village, India’s largest electronic hardware incubator here, which may pave the way for start-ups from Kerala to enter the Defence ecosystem. https://www.thehindubusinessline.com/todays-paper/tp-others/tp-states/article26766040.ece

Hindustan Aeronautics Ltd (HAL), a public sector defence aviation company, has recorded a turnover of over Rs. 19,400 crore (provisional and unaudited) for the financial year ended March 31, an increase from Rs. 18,284 crore reported in the previous year. https://www.thehindubusinessline.com/todays-paper/tp-news/article26708264.ece

Defence public sector undertaking BEML and US-based Lockheed Martin Aeronautics Company signed a ‘Certificate of Partnership’ at the Aero India 2019. This opens up avenues for collaboration between the two companies to explore manufacturing of support aerospace equipment. https://www.thehindubusinessline.com/todays-paper/tp-others/tp-variety/article26335847.ece

In a major boost to the industrial development in the State, Stumpp Schuele Casings (SSC) Private Limited has decided to set up an ammunition manufacturing unit in Anantapur with an investment of Rs 1,020 crore. The Andhra Pradesh Economic Development Board (APEDB) signed a Memorandum of Understanding (MoU) with the SSC. The MoU was signed […]

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 […]

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