French naval shipbuilder DCNS is spending a minimum of $1.1 million a month to maintain two Mistral helicopter carriers as the deal to deliver them to Russia was cancelled
India has so far received US$ 5.02 million (INR 32 crore) in Foreign Direct Investment (FDI) in the defense industry sector
Even after increasing production of the Rafale Fighter from the present 11 a year to three a month, Dassault may find it difficult to commit early deliveries to India. While negotiations for the purchase of 36 Rafale aircraft have commenced between the French and the Indian governments, Dassault is facing the challenge to scale up production within a relatively short time to fulfil its existing contracts with Egypt, Qatar and the French Air Force (FAF)
Russia has opened discussions with France this week on returning its communication systems installed on the Mistral-class helicopter carriers. Moscow and Paris discussed the unavoidable situations related to the return of Russian equipment which was already installed on the ships at the round of consultations held this week in Moscow
Indias latest Defense Procurement Procedure (DPP) will lay more emphasis on homegrown proposals with increase in indigenous content threshold for ‘buy Indian and ‘buy and make Indian categories. According to Indian Express News Daily, the committee formed by Defense Minister Manohar Parrikar to revise the DPP is laying emphasis on promoting “Make In India” in the defense sector
Indias latest Defense Procurement Procedure (DPP) is likely to propose alternative mechanisms to curb corruption instead of blacklisting defense manufacturers. The new DPP to be announced next month is considering ‘negotiated resolution with the accused company similar to ‘deferred prosecution agreements (DPA) followed by UK and US, according to Indian Express news daily report on Thursday
The increase in foreign direct investment (FDI) cap from 26 per cent to 49 per cent in Indian defense sector has had no impact on the investment flow and has only managed a miniscule INR 48 lakh (US $0.08 million) in the past year
North Korea will launch a new, long-range rocket, possibly in October from its newly erected launch tower at its missile base. South Korea's Yonhap news agency reported Tuesday that the 220-foot tower will be able to carry the launch of a longer-range missile, twice the size of the 30-metre Unha-3 rocket launched in December, 2012
France will deliver 36 Dassault Rafale fighter jets and associated equipment as per the configuration approved by the Indian Air Force with longer maintenance responsibility. The negotiations on the terms and conditions of the purchase have started, Indian Defense Minister Manohar Parrikar said Tuesday
The German ministry of Defense will have to spend US $709 million (648 million euros) for the purchase of US Triton drones as an alternative to the German Euro Hawk Drones. The acquisition of three Tritons will cost Germany more than the money spent on developing the Euro Hawk