L&T and BEL sign MoU for defence products

Infrastructure major Larsen and Toubro and state-owned Bharat Electronic (BEL) entered into a pact to develop and manufacture defence products and systems for domestic and export markets. TOI reported that the MoU seeks to leverage the capabilities of both the...

Defence major Thales targets threefold rise in revenue from India

French defence firm Thales joint venture with Anil Ambani’s Reliance Defence Ltd to integrate India-specific capabilities for 36 Rafale jet fighters and maintain radars and manufacture high-performance airborne electronics, will be operational by the end of this year. The New...

Defence projects stuck due to delay in ‘strategic’ policy

The much-touted "strategic partnership (SP)" policy to boost the Indian private sector's role in production of new-generation weapon systems, in collaboration with global armament majors through joint ventures here, is yet to become operational almost a year after it...

Government releases draft policy on defence production

The Defence Ministry has come out with a draft policy which envisages achieving a turnover of Rs 1,70,000 crore in military goods and services by 2025 by promoting the domestic defence industry.      The policy says the aim is to make...

Airbus signs contract with two Indian startups for aerospace solutions

European plane-manufacturer Airbus, along with its subsidiary Navblue, has signed contracts with two Indian start-ups -- Neewee and Eflight -- to provide solutions in aerospace, a company statement said. "Neewee and Eflight, two start-ups accelerated at Airbus Bizlab India, have...

L&T Technology Services wins $50 million avionics contract from global aerospace electronic systems manufacturer

L&T Technology Services Limited, an established global pure-play engineering R&D services company, today announced that it has won a landmark project worth $50 million spanning over five years from a leading aerospace electronic systems manufacturer. The transformational deal significantly...

Tata group, GE partner to make aircraft engine components in India

Tata group and General Electric Co. (GE) have signed an agreement to build a new factory in Hyderabad to make engine parts for passenger jets. The components made here will go into the LEAP engine used in the new fuel-efficient...

UP CM seeks investment in defence, aerospace

Uttar Pradesh chief minister Yogi Adityanatah on Friday made a strong pitch for investments in aerospace and defence in the northern state of the country as he makes efforts to adopt a zero-crime tolerance policy, which would help in bringing...

Telangana enabling ecosystem for aerospace growth

India’s aerospace & defence market was over $10 billion in 2016 and is predicted to grow at an estimated CAGR of over 5 per cent from 2017 to 2024. Realising the potential of the sector, Telangana government has not...

Magellan Aerospace to invest Rs 1.43 billion on manufacturing facility in Bengaluru

Construction of the new manufacturing and assembly facility of Magellan Aerospace gathered pace with the Canadian company hosting a traditional groundbreaking ceremony in Devanahalli, Bengaluru. The company is to invest more than Rs 1.43 billion in the manufacturing and assembly...

US Congress passes defence bill pushing for enhanced ties with India

The US Congress has passed an enhanced $700 billion defence bill, which directs the administration to find a “common definition” of ties with India as a “Major Defence Partner” (MDP) and operationalise it by designating an official responsible for...

Saab and Adani Group JV to produce UAVs, military copters

A joint venture between Swedish defence giant Saab and the Adani group is looking at producing a broad portfolio of products including UAVs and helicopters for the Indian armed forces, besides eyeing a billion-dollar deal for supplying fighter jets...

Electronic artillery fuse manufacturing facility launched at BEL

A state-of-the-art electronic artillery fuse manufacturing facility was launched at the Pune unit of Bharat Electronics Ltd (BEL) recently. The development comes after a ‘compliance report’ from the Comptroller and auditor general (CAG) of India, which was tabled before the...

Dassault-Rel 65 billion aerospace park kickstarts today

French aircraft maker Dassault Aviation and Reliance Aerospace Ltd will lay the foundation stone of an aerospace park today which will manufacture aircraft components for the Indian as well as the global market. It is estimated to cost about Rs...

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