Archive For The “Business” Category

Defence ministry approves projects worth Rs 82,000 crF

The defence ministry cleared projects worth Rs 82,000 crore, including the purchase of 83 advanced and more potent versions of the indigenous Tejas light combat aircraft for the Indian Air Force (IAF). The Defence Acquisition Council headed by Defence Minister Mr. Manohar Parrikar gave its go-head to the IAF’s initial plan to purchase 83 Tejas […]

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HAL, Safran announce joint engine partnership

Joint venture will provide maintenance and other services for engines used by India’s helicopters. Hindustan Aeronautics Ltd., or HAL, and Safran Helicopter Engines announced a new joint venture that will provide maintenance and other services for the Indian military’s helicopters. Officials said the deal with create jobs and boost economic activities in Goa, where the […]

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Airbus to overtake Boeing on aircraft output rates by 2020: CEO tells paper

European aircraft maker Airbus (AIR.PA) aims to overtake arch rival Boeing (BA.N) in terms of annual plane deliveries by 2020, having fallen behind in recent years, Chief Executive Fabrice Bregier said in a German newspaper interview published. “In 2020 we will deliver more planes than Boeing again,” Fabrice told the Welt daily newspaper. While Airbus […]

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Hope to sign Fifth Generation Fighter Aircraft deal with India by year-end: Russia

  With military deals worth about Rs 60,000 crore signed and sealed with India here, Russia is hopeful that another big ticket agreement on Fifth Generation Fighter Aircraft will be inked by year-end.  “The agreement had been completed on our end, we are ready to sign it. It is now down to the Indian side.  […]

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Sweden’s SAAB sweetens deal for Gripen jet

In an aggressive push to capture a share in India’s fighter aircraft market, Swedish aerospace major SAAB has offered its latest radar technology as part of the Gripen fighter package along with significant technology transfer in addition to design consultancy for developing the Light Combat Aircraft (LCA) Mk-1A which the Indian Air Force (IAF) plans […]

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Malaysia to build aviation hub with air cargo, logistics, aerospace and aviation services

Malaysia launched a plan (May 23) to transform the hectares of empty land around the country’s main airport in Sepang into an aviation hub by pulling in air cargo, logistics, aerospace and aviation services.  The project surrounding the Kuala Lumpur International Airport (KLIA) is called KLIA Aeropolis, which has a total land area of 100 […]

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Drones could replace $127 billion worth of human labor and services

For many people, drones are what they found neatly wrapped underneath the Christmas tree this past holiday season. But piloting flying lawnmowers around the park for fun is just part of the consumer side of the technology. Drones are also expected to transform how companies do business. A report released by PwC today (May 9) estimates that commercial applications […]

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Indian combat helicopters to be equipped with Stinger missiles

Stinger missiles will soon add firepower to India’s combat helicopters with the Defence Ministry signing an agreement with the US Department of Defence to acquire 245 Stinger air-to-air missiles made by Raytheon, an American defence contractor and missile maker. The Indian military will receive the Stingers as part of a $3.1 billion FMS (foreign military […]

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IAF to get Lockheed-led team’s fire-control radar systems

A joint venture between defence majors Lockheed Martin, Northrop Grumman and Longbow LLC has secured a $116.70-million contract (around ₹776 crore) to produce fire-control radar systems for the Indian Air Force. The foreign military sales (FMS) contract is aimed at supporting India’s future fleet of Boeing-built Apache helicopters. “The FMS contract is through the US […]

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Russian Helicopters looks to ink new contract with India

Russian Helicopters is looking to sign a new contract with India, through Russia’s official arms exporter Rosoboronexport, to supply 48 Russian Mi-17 V5 transport helicopters this year. Speaking to Russian news agency Tass at the recently concluded Singapore Air Show, Russian Helicopters’ Deputy CEO Alexander Shcherbinin said the company plans to reach agreements with India […]

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