Defence Acquisition Council

The Defence Acquisition Council (DAC) is likely to discuss proposals of mega projects worth around Rs 1.2 trillion for approval in a meeting scheduled for today.

The shares of HAL hit a new high of Rs 3,038.60, surging 5 per cent on the BSE in intraday trade on Friday on a robust business outlook

The Indian Army on September 18 invited domestic defence firms to offer critical equipment for emergency procurement

"The focus (will be) on enhancing indigenisation, particularly on indigenising aero-engine material," said the DAC

First such acquisition under Strategic Partnership model to give a big boost to Make in India, says Ministry of Defence

Defence Acquisition Council has also approved that all capital acquisition contracts shall be concluded within two years

Post-certification, 70 aircraft will be initially procured from HAL and another 36 after operationalisation of the HTT-40 fleet in the IAF

"The meeting is being held to speed up the procurement of weapons systems and ammunition for the armed forces," said a defence official

To buy 21 MiG-29s, 12 Sukhoi-30MKI aircraft, upgrade existing 59 MiG-29s

The Mountain EW system "would be designed and developed by DRDO and manufactured by design-cum-production partner from the Indian (private) industry," announced the MoD

Policy will allow local pvt cos to work with foreign players to make high-tech defence equipment