India has substantially hiked its defense budget by more than 17% to Rs 1,93,407 crore from last year's Rs 1,64,415 crore, the Press Trust of India reported on Friday. The Indian Air Force is currently in the process of procuring 126 combat aircraft among other several defense deals
India's Naval version of the first indigenous fighter, the Light Combat Aircraft (LCA-Navy), has failed to acquire the certification needed to make its debut flight because of structural issues, according to The Sunday Guardian. The debut flight was initially slated to take place by the end of 2010, but was delayed
India’s Minister for Defense, AK Antony has requested Hindustan Aeronautics Limited (HAL) to review its business processes for strategic alliances, joint ventures and to step up R&D efforts to remain globally competitive. HAL must partner with design laboratories like DRDO and CSIR for the development of indigenous aircraft, engines and systems, said Antony while addressing the Parliamentary Consultative Committee attached to his ministry
The Indian Ministry of Defense is all set to give the Air Force a “new look” by phasing out MiG 21s which have been involved in frequent crashes and inducting a modern next-gen aircrafts. "MiG 21s which constitute around 40 per cent of the IAF fleet will start getting phased out from 2014
Following reports that Indian Defence Minister A K Antony on Feb. 24 ordered a probe to find out if there was corruption in the Rs 3,500-crore deal to procure 12 helicopters for VVIPs from European defence firm Agusta Westland, its parent company has issued a statement denying any wrong doing
In an effort to counter the threat posed by French plane-maker Dassault, Swedish Defence Company Saab will cut the price on its Gripen fighter jet to ensure that it wins a Swiss order, a report said on Wednesday. Lowering its price will challenge a reported counter-offer by Dassault proposing 18 Rafale planes for 2
Dassault, the French aircraft maker, has made a new offer to Switzerland for its Rafale fighter jets after the government decided in November to buy Sweden’s Gripen planes instead. The Swiss parliament received a letter from Dassault which is offering 18 Rafale planes for 2
India is going ahead with the purchase of M777 Ultra Light Howitzers from the U.S
General Dynamics European Land Systems, a business unit of General Dynamics, was awarded a contract by the Swiss Army for delivery of 70 additional DURO Armoured Personnel Carriers for the Swiss Global Mobility Task Force (GMTF). The procurement of these vehicles was approved in the 2010 Swiss Armament Procurement Program
India has made defence purchases worth a whopping INR 144,9118.0 Million (US$30 billion approx) during a four year period starting fiscal 2007-08 and ending fiscal 2010-11