The Indian Defence Acquisition Council (DAC) Saturday approved the purchase of 362 BMP-2 “Sarath” infantry combat vehicles worth $293 million. The Indian Army has more than 1500 BMP-2 vehicles currently operational in various roles, such as armored ambulance, armored vehicle tracked light repair, armored amphibious dozer (AAD), armoured engineer reconnaissance vehicle (AERV), NBC reconnaissance vehicle (NBCRV), carrier mortar tracked, and unmanned reconnaissance vehicle
Saab has won a $5.4 billion contract for the development and production of 36 Gripen NG fighter for Brazil
Partnerships between Indian and foreign arms manufacturers have shown a distinct upward trend in the past few months. Perhaps enthused by the hike in foreign investment limit from 26% to 49% and the Modi governments thrust to domestic manufacture of defence equipment, an increasing number of international firms are scouting for local partners
With no end in sight for the negotiations between the Indian MoD and Dassault over the purchase of the Rafale fighter, Rosoboronexport and Eurofighter have offered price drops to swing the deal their way. Some official word was expected from the Indian MoD about the Medium Multi-Role Combat Aircraft (MMRCA) during the last meeting of the Defence Acquisition Council
India Today decided to buy an Israeli anti-tank missile, ‘Spike for INR 3200 crore (US$520 million approx) while rejecting the offer of the Raytheon-Lockheed Martin ‘Javelin missile. The defence acquisition council (DAC) of the Indian MOD approved the purchase of the Israeli missile made by Rafael which has offered to co-produce the missile in India along with transfer of technology
Indias defence acquisition council (DAC) has approved the procurement of six submarines from local shipyards worth INR 5000 crore (US$8.3 billion)
The Australian Maritime Safety Authority (AMSA) has awarded a new contract to continue its dedicated airborne search and rescue capability when the current contracts expire. Cobham SAR Services Pty Ltd will begin providing a search and rescue service for AMSA from August 2016
Russia will sue France if Paris refuses to honor a contract on construction of two Mistral-class helicopter carriers for the Russian Navy, Kremlin chief of staff Sergei Ivanov said Thursday. "We will file a lawsuit and demand compensation [if the contract is not fulfilled], as it's commonly done in a civilized world," Ivanov said
Ukroboronprom is implementing a joint project with French company SAGEM for capital modernization of Mi-24 helicopters. According to Censor
The Slovak military will purchase two Italian tactical transport aircraft C-27J Spartan, according to local media reports. Defence Minister Martin Glváč announced that the contract on delivery of the two machines will be inked next week, the TASR newswire reported