You are here: Home » Economy & Policy » News
Business Standard

BrahMos, Russian NPO Mashinostroyenia sign protocol

Press Trust of India  |  New Delhi 

With an aim to maintain seamless supply of cruise missiles to the Indian armed forces, BrahMos Aerospace and Russian NPO Mashinostroyenia have signed a protocol to ensure there are no price escalation issues during the duration of the contract.

"Both sides have agreed to take necessary steps to secure the unconditional execution of the contracts for deliveries to the Indian armed forces. This makes it a first of its kind in the relationship between India and Russia that there would be no price escalation issue during the duration of the contract," BrahMos officials told PTI here.

In recent times, several defence contracts with Russia have faced problems after Moscow escalated the price of defence hardware mid-way like the increase in cost of aircraft carrier Admiral Gorshkov from $974 million to over $2.3 billion.

Under the agreement, both sides pledged their readiness to work towards developing hypersonic version of the missile to maintain its leadership in cruise missiles, they said.

BrahMos is planning to develop a hypersonic version of the 290 km-range cruise missile, which would travel at speeds above 5 Mach.

The protocol has been signed by NPO Mashinostroyenia Director General and Designer General A G Leonov and BrahMos Aerospace Chief A Sivathanu Pillai during the two day visit of Russian President Dmitry Medvedev to India.

The Russian side committed full support of its specialists to Indian industries for manufacturing elements of missiles which are presently not produced in India, officials said.

BrahMos Aerospace is a joint venture between India and Russia. Premier defence research organisation DRDO represents India and NPO Mashinostroyenia represents Russia in it.

The missile has already been inducted into the Indian Army and the Navy and the work on its air launched version is on.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, December 21 2010. 14:56 IST
RECOMMENDED FOR YOU
.