First Indian airlines to operate these planes, signs MoU Hindustan Aeronautics to dry lease the 19-seater aircraft
The Cabinet Committee on Security (CCS) chaired by Prime Minister Narendra Modi last month approved the deal for procurement of the 73 Tejas Mk-IA variant and 10 LCA Tejas Mk-I trainer aircraft
The government is set to formally seal on February 3 the Rs 48,000 crore deal to procure 83 Tejas light combat aircraft from state-run aerospace major Hindustan Aeronautics Limited
The government said it would buy 83 fighter aircraft from the company for over $6 billion in the biggest defence deal for a homegrown company
HAL's high-altitude attack helicopter is one-third the cost of the Apache
Meanwhile, shares of Bharat Dynamics fell 5 per cent on Wednesday, extending their two-day fall to 18 per cent
HAL said the impact due to Covid-19 will be 'minimal' for the company as major portion of the company's revenue is generated from Defense services
All that happened in the markets today
LCH is a potent weapon platform because of its state-of-the-art systems and highly accurate weapons that are capable of hitting any type of target by day or night, according to HAL
The bulk of this will go towards purchasing the first fixed wing aircraft that Hindustan Aeronautics (HAL) has designed and developed in decades
Infrastructure, skilling, access to funds - these fundamentals need to be fixed first for India to achieve its aerospace targets
HAL Chairman said the company is seriously focusing on boosting exports in sync with the government's priority to sell key platforms like Tejas, attack helicopter Rudra
Chairman and Managing Director of HAL R Madhavan said the aim of the mega project is to stop import of more than Rs 4 trillion worth of military helicopters for the three services in the coming years
In 2016-17, HAL recorded profits to the tune to Rs 2,606 but it declined by seven per cent, registering a profit of Rs 2,070 crore.
For a prototype trainer aircraft, the "six-spin" test is considered the most conclusive landmark that signals the aircraft is ready to go into operational service
HAL shares with a face value of Rs 10 closed at Rs 802.25 on Wednesday on the BSE
With Honeywell, demanding what IAF sources term an "exorbitant" price for F-125IN engines, the IAF has told HAL that it has abandoned its plan to upgrade 80 Jaguar fighters with new Honeywell engines
Former Defence Minister Manohar Parrikar had announced this project in October 2016
The IJT would seemlessly replace a fleet of obsolescent Kiran Mark I and II trainers that are already on borrowed time
A Request for Proposal will soon be called to select an Indian private company for complete transfer of technology