Here’s why the first India-Singapore defense industry joint working group held last May didn’t include Singapore’s biggest defense company.
What could Indian and Singapore Defense Industry Talk About?
by •
Tag: Singapore Technologies
US sharply hikes M-777 artillery price for India
by •
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.
IMI to challenge blacklisting in court
by •
In a statement issued on Thursday, the company said, “In all of its R&D and supply programs in India IMI has always acted legally, ethically, and in full compliance with its established corporate policy which mandates ethical business dealings.”
Singapore Technologies denies CAG report
by •
The arms company has contradicted the basis of the CAG audit, saying it signed a Memorandum of Understanding on offsets and collaborated production with the Ordnance Factory Board.
Anatomy of a blacklist: Singapore Technologies
by •
The CAG submitted a report to Parliament last week, that testifies to the acts of omission and commission, based on incompetence, lack of foresight or mala fide intent, that led to the recommendation for the blacklisting of Singapore Technologies, arising from the issue of the supply of carbines to paramilitary forces.
Six arms firms proposed for MoD blacklist
by •
The Indian Defense Minister AK Antony confirmed to Parliament on Tuesday, the recommendation of the Central Bureau of Investigation (CBI) for the blacklisting of six arms firms by the Ministry of Defense, Singapore Technologies, Israel Military Industries, TS Kissan and Company Private Limited and RK Machine Tools Private Limited, Rheinmetall Air Defence of Germany and a Russian firm called Cooperation Defence.
ST Kinetics denies blacklisting
by •
The Singapore-based arms firm, which was earlier reported to have been blacklisted has questioned such a description of itself and has offered its books up scrutiny by Indian agencies.
India allows tainted weapon systems’ trials
by •
The Ministry of Defense has allowed user trials of five weapons systems that were held up due to allegations of corruption against two of the vendors involved in the trials, ST Kinetics and Israel Military Industries.
