Page 11 - Defence Firms

Large domestic order book, exports growth key drivers for defence stocks

India is world's second-largest importer of defence equipment with 9% of global arms imports

India's FY24 defence exports jump record 32.5%, touch Rs 21,083 crore

These figures indicate that the defence exports have grown by 31 times in the last decade

EU to discuss buying fewer weapons from foreign firms to boost own industry

Some member states, including Germany and France, are pushing for progress on a genuine capital markets union

IAI enhancing commitment to Make in India in defence: CEO Boaz Levy

IAI president and chief executive officer (CEO) Boaz Levy and IAI Air and Missile Defence Division vice-president & general manager Dror Bar speak about their strategy for India

Tejas Mark-1A fighter aircraft completes first flight in Bengaluru

The Mark-1A has four or five major changes over the Mark-1 fighter. These includes an active electronic scanned array (AESA) radar, a combined interrogator and transponder

Defence PSU BEL bags Rs 1,940 crore contract for advanced EW systems

As part of the deal, BEL will supply 14 "cutting edge" domestically manufactured Electronic Warfare (EW) sensors and systems to L&T

Govt inks deal with AVNL for 693 armament upgrades for combat vehicle BMP2

The Ministry of Defence on Wednesday signed a contract with Armoured Vehicles Nigam Limited (AVNL) for procurement of 693 armament upgrades of infantry combat vehicle BMP2, according to an official statement "This upgrade includes night enablement, gunner main sight, commander panoramic sight and fire control system (FCS) with automatic target tracker under Buy (Indian-Indigenously Designed Developed and Manufactured) Category," the statement said. The AVNL has developed an "indigenised solution for providing existing BMP 2/2K with night fighting capabilities and FCS based on the integration of Defence Research and Development Organisation (DRDO) and Bharat Electronics Limited (BEL), Chennai-developed sight and FCS," it said. The ministry signed the contract with AVNL "for the procurement of 693 Armament Upgrades of Infantry Combat Vehicle BMP2 to BMP2M". The AVNL will produce the "armament upgrades with equipment and sub-systems sourced from indigenous manufacturers", the ministry

World Civil Defence Day 2024: All you need to know about civil defence

World Civil Defence Day, inter alia, promotes joint effort and participation among countries to reinforce resilience and reaction capacities in the face of developing dangers and challenges

DRDO hands over 23 licensing agreements for transfer of technologies

Premier defence research organisation DRDO on Sunday handed over 23 licensing agreements to several defence producers facilitating transfer of critical technologies to manufacture a range of military equipment in the domains of armaments, naval systems and aeronautics, among others. The agreements were handed over at the 'MSME Defence Expo' that was organised by the Defence Research and Development Organisation (DRDO) in Pune. The technologies being transferred by the DRDO to the defence producers would cover the domains of electronics, laser systems, armaments, life sciences, combat vehicles, naval systems and aeronautics, the defence ministry said. These technologies would facilitate manufacturing of a series of military equipment including brakes for Light Combat Aircraft Tejas, 100-metre infantry foot bridge (floating), 40 mm high explosive anti-personnel (HEAP) grenade and high pressure water mist fire suppression system (HPWMFSS), officials said. "The products based on these

India key ally, will boost connectivity, says Greek PM Mitsotakis

Migration and mobility pact to be finalised soon; working group on defence and security to be set up

Pinaka launchers to missiles, Pune adds to defence industry lineup

Nibe has grown quickly and is seeking a leadership role in organising micro, small and medium enterprises (MSMEs) in the industrial zones around Pune

Defence preparedness

Govt will have to find more resources

Interim Budget: Govt earmarks Rs 1 trn corpus for R&D in sunrise sectors

"For our tech-savvy youth, this will be a golden era," Sitharaman said

MRPL earns certification from IAQG for distribution of aviation fuel

The Mangalore Refinery and Petrochemicals Limited (MRPL) has been certified with AS9100:D standard prepared by International Aerospace Quality Group (IAQG) to assure customer satisfaction in aviation, space, and defence organisations under the scope of 'production, storage, testing and distribution of aviation turbine fuel.' MRPL is India's first refinery to get this new aerospace standard. The aerospace industry demands the utmost precision, reliability, and safety in its supply chain. As a certified organisation, MRPL is now well-positioned to serve as a trusted partner to aerospace companies within India and globally, a release from the MRPL said on Wednesday. The standard ensures the interaction and configuration of various processes, from sourcing raw materials to the final product certification. The certification process involves a stage audit of the entire life cycle of ATF, involving production criticalities like the addition of qualified additives and catalysts, ...

China sanctions 5 US defence cos in response to arms sales to Taiwan

China announced sanctions Sunday on five American defence-related companies in response to U.S. arms sales to Taiwan and U.S sanctions on Chinese companies and individuals. The sanctions will freeze any property the companies have in China and prohibit organisations and individuals in China from doing business with them, the Foreign Ministry said in a statement posted online. The companies are BAE Systems Land and Armament, Alliant Techsystems Operation, AeroVironment, ViaSat and Data Link Solutions. The Foreign Ministry said the U.S. moves harmed China's sovereignty and security interests, undermined peace and stability across the Taiwan Strait, and violated the rights and interests of Chinese companies and individuals. The Chinese government remains unwavering in our resolve to safeguard national sovereignty, security and territorial integrity and protect the lawful rights and interests of Chinese companies and citizens, the ministry statement said. China regards Taiwan, a ...

Defence ministry signs Rs 802 crore contract for military wagons, equipment

The contracts include 697 bogie open military wagons from Jupiter Wagons Limited, and 56 mechanical minefield marking equipment from BEML Ltd

Russia to deploy newest howitzers close to borders of Finland and Norway

Earlier in December, Russia's TASS state news agency reported that single Coalition-SV howitzers had already been deployed to the frontline in Ukraine

Defence ministry approves Rs 2,800 crore rockets for Pinaka weapon system

The Defence Ministry's Defence Acquisition Council's recent meeting had cleared the proposal for the acquisition of two types of these rockets, known as Area Denial Munition Type 2 and Type-3

Airbus to expand Tata tie-up to strengthen India's defence supply chain

The objective of the partnership between Airbus SAS and Tata Advanced Systems is to meet the demand for military transport aircraft as India replaces its ageing military transport fleet

Defence shares in focus; HAL hits new high, BDL, Mazagon Dock gain up to 4%

According to reports India is set to give preliminary approval to three mega indigenous projects worth Rs 1.4 trillion.