India has so far received US$ 5.02 million (INR 32 crore) in Foreign Direct Investment (FDI) in the defense industry sector
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
Turkeys Prime Minister Ahmet Davutoglus interim government has appointed Vecdi Gonil as new defense minister on Friday. Ismet Yilmaz, who was serving the position, previously had to resign as he was running for election as parliament speaker
India may delay its involvement in the Future Generation Fighter Aircraft (FGFA) Project with Russia and instead focus on the acquisition of medium multi role combat aircraft(MMRCA) such as the Dassault Rafale and another lighter jet to meet the immediate requirements of the Indian Air Force. Informed sources told Defenseworld
The Polands Sejm lower parliamentary house has voted to increase the defense spending from 1.95 percent to 2 percent of GDP on Wednesday
Indias Defence Acquisition Council tonight cleared the procurement of M777 howitzers made by BAE Systems of the US. A council meeting chaired by Defence Minister Manohar Parrikar approved the purchase and the start of negotiations with the US government as it will be a procurement under the Foreign Military Sales program
Indias Central Bureau of Investigation (CBI) probe in Agustawestland VVIP chopper deal has reached an advanced stage, Minister of State for Defense Rao Inderjit Singh said in parliament on Friday. The minister said in a written reply to a question, “The investigation is in advanced stage and during the probe, the central investigative agency has sent Letters Rogatory to Italy, Tunisia, Mauritius in 2013 and UAE, UK, Switzerland, Singapore and British Virgin Islands in 2014
The Research & Development (R&D) phase of Indian Air Forces Fifth Generation Fighter Aircraft (FGFA) project is yet to be concluded, Defence Minister Shri Manohar Parrikar said in a Parliament today. As per the draft R&D Contract, the delivery of FGFA can commence after 94 months from the start of the contract
The Parliamentary Committee on Defense in a recent report has asked the ministry of defense to speed up the process of setting up hardened aircraft shelters for the Indian Air Force frontline combat aircraft, Sukhoi-30MKI, Indian Express reported Tuesday. “The committee is concerned to find that our Air Force, which is already short of planes and worse than that hardened shelters for the existing limited number of aircrafts are not available,” the report submitted in the parliament recently said