The Indian ministry of defense has announced that Transfer of Technology (ToT) has been made eligible for offsets, removing a major hurdle in defense equipment sales to India. In a new Defence Procurement Policy which took effect on August 1, the Indian MoD has also specified what constitutes offset multipliers and allowed sub-vendors to discharge offsets
After a U.S
India’s state-owned BEL (Bharat Electronics Limited) has put on hold a pre-offsets agreement over air defence gun systems it signed with Grecian company Hellenic Defence Systems SA which is currently under investigation by the Indian Central Bureau of Investigation (CBI). Hellenic Defence Systems SA is being investigated for allegedly offering Ganton India a 10 percent commission for each successful deal the company clinches
If procurement of main battle tanks (MBTs) in NATO and certain other countries is any indication, the era of MBTs being the bulwark of land forces may be over. Tanks seem to be losing the strategic advantage to UAVs, and force projection advantage to lighter and more agile armoured vehicles
FuelCell Energy today announce that it has won a US$3.8-million contract award from the U
A Russian military train transporting ammunition went ablaze on Wednesday and destroyed one carriage and damaged five others, triggering an explosion that scattered shells up to 200 metres (650 feet) away. The train was travelling within 100 kilometers from the main Siberian city of Novosibirsk when the incident occurred
Lockheed Martin received a $68.9 million contract to prepare the Patriot Advanced Capability-3 (PAC-3) Missile production line for the introduction of the Missile Segment Enhancement (MSE) version of the combat-proven PAC-3 Missile
Russian Deputy Prime Minister Dmitry Rogozin on Tuesday offered India a joint participation in the development of the GLONASS satellite navigation system. GLONASS (Global Navigation Satellite System) operated by the Russian Government is currently the only alternative to the U
The Missile Defense Agency (MDA) is announcing the award of a modification to the Lockheed Martin Space Systems Co., (LMSSC), Sunnyvale, Calif
The Stuxnet computer virus, suspected to have been created by the CIA to impede Iran’s nuclear program, may have led to extensive collateral damage by affecting Siemens control software in India and Indonesia to a large extent and in over 100 other countries to a smaller extent. Since first being detected in 2010, Stuxnet infected over 8,500 Indian systems in the first five days, another 5,000 in Indonesia and about 3,000 in Iran, according to media reports