Page-3 of defence deals Current Affairs, GK & News

India inks Rs 5,000 crore defence deal with US to buy 145 M777 howitzers

India has signed government-to-government (G2G) deal with the United States (US) to buy 145 M-777 Ultra-Light Howitzers worth $750 million under the Foreign Military Sales programme. The deal was signed at the two-day meeting of the 15th India-US Military Cooperation Group (MCG) held in New Delhi. This is the first defence deal signed by India for ..

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Defence Acquisition Council clears proposals worth Rs 1,900 crore

The Defence Acquisition Council (DAC) has cleared proposals worth 1,900 crore rupees (close to $3 billion). All these approved proposals will be executed under ‘Buy India’ by Indian contractors. Decision in this regard was taken by DAC meeting chaired by Union Defence Minister Manohar Parrikar in New Delhi. Proposals cleared by DAC are Weapons repair ..

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India-US ink $1 billion deal to buy four Poseidon-8I aircraft

India has signed a defence deal with United States worth over $1 billion to purchase four additional Poseidon-8I (P8I) long-range maritime surveillance and anti-submarine warfare aircraft. This deal is a follow-up order to the eight P-81 aircrafts that are already bought by India in a direct deal with Boeing’s Indian subsidiary in 2009. The acquisition ..

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Airbus, Mahindra Group ink MoU to form joint venture company

Mahindra Defence Systems Limited, a subsidiary of Mahindra Group and Airbus Helicopter have inked pact to form a joint venture (JV) company to produce helicopters in India. In this regard, both entities have signed a memorandum of understanding (MoU) to form a joint venture. The tie-up will bid for defence contracts in India under the ..

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MoD promotes “Make in India” vision of PM: Axes Copter deal

Minister of Defence Mr.arun Jaitley, made a significant stride to take the PM’s vision of “Make in India” forward by scrapping the global tender for Rs.6000 crores Light Utility Helicopters. The scheme which had been in the pipeline for a considerable length of time now, was actually mired in corruption charges and other technical controversies. ..

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