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MOD INKS CONTRACTS
MoD inks Rs 1,476 cr contract with BEL for 5 ground-based mobile electronic systems for Indian ArmyThe Defence Ministry has awarded a significant contract worth Rs 1,476 crore to Bharat Electronics Limited. This deal will bring five advan...- Defence Ministry signs Rs 4,666 crore deals to buy new carbines and torpedoesAccording to the MoD, the contract for the procurement and integration of 48 Heavy Weight Torpedoes along with associated equipment for Kal...
- India-US to conclude USD 1 bn deal by October: HAL Chairman on 113 GE-404 engine dealIndia is set to finalize a major deal with General Electric for fighter jet engines. The agreement is expected by October. Hindustan Aerona...
- Record defence contracts to be inked this year: MoD to parliamentary panelIndia is set to sign a record number of defence contracts worth ₹2-3 lakh crore this year, despite delivery delays due to conflicts in Russ...
- India warns arms companies of action for default in offset commitmentsThe defence ministry (MoD) has delivered a stern message to the arms companies, seeking repeated time extensions to discharge their offsets...
- CAG slams French companies Dassault, MBDA for not fulfilling Rafale offset termsFrench firms Dassault Aviation and MBDA, the main companies in the Rs 59,000 crore contract for 36 Rafale fighters inked in September 2016,...
- Rs 42,000 crore stealth submarine plan for the Indian Navy to finally kick offIndia is now finally getting set to issue the formal tender for the long-pending over Rs 42,000 crore project to make six new-generation st...
- Amid Doklam row, MoD seeks additional Rs 20k crore for combat readiness of armed forcesThe armed forces, in fact, want the annual defence budget to progressively reach at least 2% of the GDP for their operational requirements
- Defence ministry launches inquiry into leak of documents in Sanjay Bhandari's case"The inquiry will try to find out how internal MoD documents were leaked. It's a sensitive matter," said a source.
- Government draws Parliamentary panel fire on military modernisationOverall, the Army, Navy and IAF just got only 60%, 67% and 54% of the funds they had sought for modernization this fiscal.
- Defence Ministry suspends all business with Sanjay Bhandari’s firms as CBI probes Swiss aircraft dealAt present, MoD has debarred four major foreign and two Indian companies for 10 years, while business dealings are suspended with 13 other ...
- Centre's inertia on national war memorial annoys armed forcesThe defence ministry (MoD) has neither finalized the Cabinet note for the NWM, nor launched the socalled “global search“ for the architect ...
- Amid sniping by rivals, France aims to close Rafale deal by early 2015India can either ink the deal for the Rafales or scrap the entire MMRCA selection process undertaken over the last 7-8 years.
- Government may relax norms for authorized defence agentsThe NDA government in 2001 had lifted the blanket ban on agents, which had been in force since 1987 after the infamous Bofors howitzer and ...
- Blacklisting of companies affects military readiness: Arun JaitleyThis marks a major shift from the earlier UPA era, where there was "indiscriminate blacklisting" of armament companies after corruption all...
- India imposes partial ban on fresh arms contracts with Finmeccanica but allows ongoing onesMoD also said cases in which a Finmeccanica is a subcontractor to a contracting party with the government of India" will go ahead as usual.
- VVIP chopper deal: No change in ground situation in India, says defence ministryIAF had inducted only three of the 12 AW-101 helicopters, with around 45% of the total contract value already been paid.
- India taking steps to 'fully recover' bank guarantees in VVIP chopper scamThe defence ministry has said it will take "immediate steps to fully recover" the bank guarantees provided by AgustaWestland in relation to...
- VVIP chopper scam: India to recover 250 million eurosThe defence ministry has begun the process to "encash" the bank guarantees provided by AgustaWestland in the deal.
- India goes full steam to finalize $10.4 billion jet dealRejecting the carping by those ejected out of $10.4 bn MMRCA race, India is going full throttle to ink the "mother of all defence deals'' b...
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