Indian government plans to disinvest 10 per cent of its share from Indias only defense aircraft manufacturer, Hindustan Aeronautics (HAL) and 5 per cent from Bharat Electronics (BEL). Indian Defense Minister of State for Defense, Inderjit Singh Rao said in a statement to the Parliament Monday that “the Government has approved disinvestment of defence sector CPSEs, 5 per cent paid-up equity of BEL out of Government of Indias shareholding of 75
Boeing and US Air Force aircrews successfully completed the KC-46A tankers first refueling flight on January 24. Following takeoff from Boeing Field in Seattle, the KC-46A flight test team completed a series of checkpoints before smoothly offloading 1,600 pounds of fuel to an F-16 fighter aircraft flying at 20,000 feet
In view of the recent terrorist attack on Pathankot air base, the Indian government announced a decision to undertake a time-bound security audit of all "vulnerable" installations of armed forces, paramilitary and police organisations. A decision was taken at a high-level meeting on Friday, which was chaired by Home Minister Rajnath Singh and was attended by Defence Minister Manohar Parrikar and NSA Ajit Doval besides top officials of intelligence and security agencies, Tribune India newspaper reported today
Indian defense vendors bagged about 62 per cent of INR 65,591 crore (US $9.8 billion) contracts in 2014-15
The Canadian government has ordered an “open and transparent competition to replace the CH-18 fighter aircraft focusing on options that match Canada's defence needs.” According to the text of a mandate letter from Prime Minister Justin Trudeau to his defence minister Harjit Sajjan on Friday made public in the Canadian media, the latter has been asked to work with the minister of public services and procurement to go through with the bidding process
The Indian Cabinet Committee for Security Today has cleared the purchase of $2.5 billion Boeings Apache and Chinook helicopters deal ahead of Prime Ministers visit to the US
The Indian Finance Ministry has given a go ahead for New Delhis plans to acquire 22 Apache attack and 15 Chinook heavy lift helicopters for $3.1 billion from Boeing
India is keen to buy Australian Bushmaster armoured protection vehicle to use them for policing the country'sborders. Australia will be providing technical details to India next week on the indigenous Bushmaster armoured protection vehicle or protected mobility vehicle
The US State Department has approved a $1.5 billion sale to Japan of two Lockheed Martin Corp Aegis combat systems for boosting Japan's defenses against a ballistic missile attack
Britain has awarded two contracts worth $2.3 billion to provide a secure ‘New Style of IT (NSoIT) and communication systems