The Indian Air Force conducted Exercise Vayushakti-26 at Pokhran, involving over 130 aircraft in day and night operations. President Droupadi Murmu attended the demonstration and flew in an LCH Prachand as the exercise simulated integrated combat, air defence and special forces missions.
The delayed approval for the acquisition of the M-777 ULH means that India will have to bear a much higher price because of the weaker rupee.
BAE Systems is showing off its 155mm 39 caliber towed howitzer, 127-mm 54-caliber naval gun, Wheeled and Light Armored Vehicles, and Helmet Mounted Displays.
The 37 percent escalation by a margin of roughly INR 1,200 crore for the US government offer to India for 145 M-777 light weight howitzers comes into effect on Tuesday, along with the imminent closure of the assembly line for the artillery.
Carter is looking at the Indian defense ministry to make it easier for US companies to do business with it and wants resolution of issues related to offsets, limitation of liability and delays in decision-making.
The failure to consider the order by the DAC has wider implications as it is unlikely that any decision can be taken on this order by October 15, after which the value of the deal will see a 37 percent hike.
In purely dollar terms, the new price represents a 37 percent hike in the cost of the offer to India, but would effectively be even higher given the fall in the value of the rupee against the dollar since 2010.
Air Chief Marshal NAK Browne will take delivery of the second Boeing C-17 Globemaster III, scheduled to be delivered to the IAF on 22 Jul 2013 in a ceremony at Boeing’s Long Beach final assembly facility.
BAE Systems is to sell its stake in Defence Land Systems India (DLSI) to Mahindra Defence Systems less than three weeks after the two issued a statement announcing a strategic review of their joint venture.
British arms major BAE Systems Thursday opted out of India’s tender for 1,580 towed artillery guns with the deadline for submitting the bids coming to an end, a company official said here.
