Archive For The “Business” Category

Indian Air Force initiates Rs 33,000-cr buy of 83 Tejas fighters

In a big step towards defence indigenisation, the Indian Air Force (IAF) has issued Hindustan Aeronautics Ltd (HAL) a tender for 83 Tejas light combat aircraft (LCA). HAL issued a brief note stating: “HAL has received Request for Proposal (RFP) for 83 LCAs from Indian Air Force.” Earlier the defence minister stated in a written reply in Parliament: “Defence Acquisitions Council (DAC) has […]

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We are excited about making F-16 aircraft in India: Lockheed Martin Official

Lockheed Martin is excited about the prospect of making F-16 fighter aircraft in India and making India a global manufacturing and supply base for the aircraft, according to Phil Shaw, the Chief Executive of Lockheed Martin India Pvt. Limited. He was speaking here after participating in a programme – Girls in aviation sector – jointly […]

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Boeing to make aircraft components near Bengaluru

Global aerospace major Boeing would make aircraft components and subsystems at a new facility it would soon set up on the city’s outskirts, a senior official said. “The state government approved Boeing’s proposal to set up an engineering and technology facility with electronics and avionics manufacturing and assembly at an investment of Rs 1,152 crore,” […]

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Godrej Aero gets new BrahMos contract

Godrej Aerospace, a unit of Godrej & Boyce Mfg. Co. Ltd., has won an order for an additional 100 units of airframes for the air launched version of BrahMos missile. The company handed over the 100th set of airframe assemblies to BrahMos Aerospace Pvt. Ltd. ( BAPL) for use in its missile systems. “It gives […]

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Stalled AWACS deals hit Air Force

If airborne warning and control systems (AWACS) are considered “eyes in the sky”, India is battling debilitating cataract in this military arena. Even as China and Pakistan induct more such force-multipliers, the IAF is faced with a double whammy due to a deadlocked deal with Israel and Russia as well as painfully slow progress in indigenous efforts. IAF currently […]

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Global commercial aircraft market projected to rise $330 billion by 2022

The commercial aircraft market is driven by a number of factors such as skyrocketing passenger traffic, aviation network infrastructural improvements, development of quieter and fuel-efficient aircraft, and government initiatives taken by several national governments encouraging the domestic commercial aircraft market. Some of these include liberalized taxation regions, R&D investments, and measures that aid the indigenous […]

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French defence giant Safran keen to supply engines to HAL for indigenous helicopter

Safran Helicopter Engines, manufacturer of gas-turbine engines for both civil and military helicopters, is developing a new family of high-power engines called Aneto. The French manufacturer is looking to supply its engines to Hindustan Aeronautics Limited (HAL), which had floated a global request for information (RFI) for the purchase of engines to power its home-made […]

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Foundation for Dassault-Reliance aerospace park to be laid this week

French aircraft manufacturer Dassault Aviation and Anil Ambani-promoted Reliance Aerospace Ltd will this week lay the foundation stone of an aerospace park which will manufacture aircraft components for the Indian and the global market. French Defence Minister Florence Parlay, top officials of Dassualt Aviation and Chairman of Reliance Group Anil D Ambani are scheduled to […]

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What India’s Largest Aerospace Company With $10-Billion Orders Makes

State-owned fighter jet maker Hindustan Aeronautics Ltd. has filed to launch an initial public offering as the government looks to sell 10.8 percent stake in India’s largest aerospace company. It plans to raise up to Rs 1,500 crore in the share sale. HAL is crucial to Prime Minister Narendra Modi’s plan to cut dependence on defence imports. […]

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Dassault to Invest 100 Million Euros in Indian Venture with Reliance

French major Dassault Aviation will invest over 100 million euros in a joint venture with Reliance Aerospace to manufacture aircraft components as part of the ‘offset obligation’ connected to the purchase of 36 Rafale fighter jets from France. The Dassault-Reliance joint venture represents the largest ever foreign direct investment in the defence sector in India, […]

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