Page 3 - Defence Sector

Capital support for defence, aerospace sectors critical, says Ravi Kapoor

The fund is focused on aerospace & defence, along with allied areas such as space and communications, says Kapoor

Sudarshan Chakra project will need huge tri-services efforts: CDS Chauhan

The 'Sudarshan Chakra' air defence system will entail development of a robust infrastructure comprising a range of key tri-services military assets such as missiles and surveillance systems to create an impregnable strategic shield, Chief of Defence Staff Gen Anil Chauhan said on Tuesday. In an address at a conference, Gen Chauhan said a "whole of the nation" approach will be required to develop the shield. Gen Chauhan also suggested that the Sudarshan Chakra will be on the lines of Israel's Iron Dome all-weather air defence system, known as a very effective missile shield. Prime Minister Narendra Modi on August 15 announced the project to develop an indigenous air defence system to protect India's vital military and civilian installations and to deliver a decisive response to any enemy threat, a move that came amid concerns over security challenges emanating from Pakistan and China. In his first remarks on the project, the Chief of Defence Staff said the military will have to look

New Zealand to spend $1.6 bn on aircraft in defence budget doubling plan

New Zealand's government announced new military spending Thursday of 2.7 billion New Zealand dollars ($1.6 billion) to replace aging aircraft, with senior officials who unveiled the package citing rapidly growing global tensions and a deteriorating security environment. The purchase of military planes and helicopters was the first procurement announced in a government plan, disclosed April, to double defence spending from 1% to 2% of GDP in the next decade. New Zealand's military spending has trailed that of its larger partners in the Five Eyes intelligence sharing group of countries which includes the United States, Britain, Canada and Australia and the bolstered budget reflects a shift in how the remote island nation is responding to strategic competition between major powers in the Pacific Ocean. The procurement includes five MH-60R Seahawk helicopters to replace the existing maritime fleet and two Airbus A321XLR aircraft, allowing the retirement of Boeing 757s that are more th

Russia keen to join Sudarshan Chakra project: Charge d'affaires Babushkin

Russia has a "special mechanism" to confront any challenge arising out of the US slapping punitive measures against India for its procurement of Russian crude oil, Russian charge d'affaires Roman Babushkin said on Wednesday. The relations between New Delhi and Washington are on a downturn after US President Donald Trump doubled tariffs on Indian goods to a whopping 50 per cent including a 25 per cent additional duties for India's purchase of Russian crude oil. At a media briefing, Babushkin projected the rapid upswing in his country's ties with New Delhi in several critical areas and said Russia has been a "partner of choice" for India's requirement of various military platforms and hardware. The senior Russian diplomat said Russia is expected to be part of New Delhi's plans to create a new air defence system called Sudarshan Chakra, which was unveiled by Prime Minister Narendra Modi during his Independence Day speech. "We proceed from the understanding that when it comes to the ..

Analysts predict up to 38% gains in this defence PSU after Q1; do you own?

HAL posted a 4.11 per cent year-on-year (Y-o-Y) decline in net profit at ₹1,377 crore in Q1FY26, compared to ₹1,436 crore in the same quarter last year (Q1FY25).

Bharat Dynamics soars 5% after Q1; buy, sell or hold? Analysts recommend

Domestic brokerage Motilal Oswal noted that Bharat Dynamics delivered a 30 per cent Y-o-Y growth in execution during Q1FY26, aided by a strong order book and easing supply chain challenges.

This smallcap defence stock rises 4% on securing deal from DRDO; details

At 10:30 AM, Astra Microwave share price was trading 3.12 per cent higher at 978.80 per share. By comparison, BSE Sensex was trading flat at 80,702.97 levels.

Go beyond routine modernisation; prep for post-Sindoor norms: CDS to forces

CDS General Anil Chauhan urged the three services to remain prepared round-the-clock, as Operation Sindoor has ushered in new norms for national defence

Vice Admiral Sanjay Vatsayan takes charge as 47th Vice Chief of Naval Staff

Vice Admiral Sanjay Vatsayan, a gunnery and missile systems specialist, on Friday assumed charge as the new Vice Chief of the Naval Staff. Prior to assuming his new charge, Vice Admiral Vatsayan held various important operational, staff and training appointments, including at the Headquarters Integrated Defence Staff (HQ IDS), and Naval Headquarters (NHQ) in New Delhi. "Vice Admiral Sanjay Vatsayan, AVSM, NM, assumed charge as the 47th Vice Chief of Naval Staff #VCNS on 01 Aug 2025," the Navy posted on X. Commissioned into the Indian Navy on January 1, 1988, the Flag Officer is a gunnery and missile systems specialist, it said. "He held various important operational, staff and training appointments including DCIDS (Policy, Plans and Force Development) and DCIDS Ops at @HQ_IDS_India, Chief of Staff @IN_HQENC, Deputy Commandant of the National Defence Academy, Flag Officer Commanding Eastern Fleet and ACNS Policy and Plans at #NHQ," the Navy posted. He succeeds Vice Admiral Krishna

Axiscades secures ₹600 crore defence orders for indigenous platforms

Engineering solutions provider Axiscades on Wednesday said it has bagged new orders worth Rs 600 crore in defence space. The orders involve development and supply of advanced sub-systems for "some of the most sophisticated indigenous platforms" being developed by leading Defence agencies like the DRDO and the Defence PSUs, Axiscades said in a statement. The cumulative value of these orders stood at around Rs 600 crore. The orders will be executed through Axiscades' subsidiaries operating in the defence space, over the next 3 to 5 years, the company said. "Our partnerships on these critical programs reflect our core strength in high-performance radar, sonar, and signal processing electronics. We are contributing to indigenous platforms that will define the future of India's Defence preparedness," the company's Chief Technical Official (CTO) C Manikandan said. In June, Axiscades Aerospace and Technologies, one of the subsidiary companies of Axiscades, had signed an agreement with ..

India, France to collaborate on ₹61,000 cr deal for fighter engines

The ₹61,000 crore initiative seeks to develop a 120 kilonewton engine for future platforms, with French company Safran offering full technology transfer as part of the collaboration

BrahMos Aerospace plant will boost India's self-reliance: Rajnath Singh

Defence Minister Rajnath Singh highlights the impact of the new BrahMos Aerospace plant in Lucknow, which will contribute to India's defence self-reliance and create employment

Rossell Techsys aims to double role in defence aircraft, eyes 15% share

The Bengaluru-based firm aims to double its role in defence aircraft output, targeting a 15% platform share in 3-5 years as it expands capabilities and workforce to meet rising global aerospace demand

What's firing up Bharat Dynamics? 8 reasons behind MOFSL's positive view

MOFSL today initiated coverage on Bharat Dynamics with a 'Neutral' rating and a target price of ₹1,900, indicating a downside of 4 per cent from current levels.

Ready to ease entry barriers for pvt firms keen on Amca: Defence secy

The private industry has welcomed the Amca execution model, under which both private and public Indian defence firms have been given equal opportunity to compete for developing the fighter's prototype

Ghana shows 'clear interest' in defence support from India: MEA secretary

'There is clear interest in having India's support in terms of equipment, training of the personnel, and being able to source equipment from India, which has now become a leader in defence exports.'

DRDO lab conducts trials of software-defined radio, communication system

A unit of the Defence Research & Development Organisation has "successfully" carried out field trials of a compact software defined radio (SDR) and a key communication system, reinforcing the commitment of the organisation in developing indigenous and mission critical communication solution for the national security, officials said. The trials were done by Defence Electronics Application Laboratory (DEAL), Dehradun in Joshimath area of Uttarakhand. "Both the systems demonstrated robust and reliable performance meeting the user defined operational benchmarks," the DRDO said in a post on X on Tuesday. The trials were conducted in close coordination with the Ministry of Home Affairs, central armed police forces (CAPFs) and other agencies, it said. "DEAL, Dehradun successfully carried out the field trials of SDR Manpack and Compact Transhorizon Communication System (CTCS) in Joshimath, Uttarakhand. The trials were conducted in close coordination with MHA/CAPFs/DLIC user agencies and ..

Reliance Infra, Coastal Mechanics tie up to tap India's defence MRO sector

According to a statement by Reliance Infrastructure, the partnership will focus on lifecycle support for a range of platforms used by the Indian Armed Forces

India should benchmark military spending at 3% of GDP, says EY report

The June edition of EY's Economy Watch recommended that India consider allocating 3 per cent of its GDP to defence spending, noting that the share of defence expenditure in GDP has gradually declined

Defence stock surges 25% in 1 week; zooms 236% from 52-week low; here's why

AXISCADES Technologies shares were up 5% at ₹1,413.50, trading higher for the fifth straight day, having appreciated by 91% from the April low of ₹741.70.