Page 2 - Defence Deals

What does the Ukraine crisis mean for India's defence procurement?

With the US, UK and the EU ratcheting up economic sanctions against Russia, India is faced with difficult choices. Let's explores the impact of the sanctions on India's defence deals with Russia

TMS Ep118: Portfolio rejig, India's defence deals, markets, SWIFT

Should you increase gold, real estate exposure? What does Ukraine crisis mean for India's defence? How did markets react to Ukraine-Russia conflict? What is the SWIFT payment system? All answers here

US, Japan hail stronger partnership, including 2 new defence deals

Seeking to deepen their defence cooperation, the United States and Japan will soon sign a new five-year agreement on sharing the cost of the American military presence in Japan, Antony Blinken said

US Congress passes roughly $770 bn defense spending bill for FY2022

The US Senate voted to pass a roughly $770 billion defense spending bill for fiscal year 2022.

Blinken says US ready to move forward with sale of F-35s, drones to UAE

A UAE official on Tuesday told Reuters that it had informed the US that it would suspend discussions to acquire F-35 fighter jets, part of a $23 bn deal that includes drones, other advanced munitions

Australia chooses South Korea to ink largest-ever defence deal in Asia

In a move that can irk China, Australia on Monday chose South Korea for the largest-ever defence deal with the Asian country

Australia signs $717 million defence deal with South Korea's Hanwha

Under the terms of the deal, South Korean defence company Hanwha Corp will build 30 self-propelled howitzers and 15 armoured ammunition resupply vehicles for Australia.

India, Russia ink four defence pacts; resolve to expand military ties

India and Russia on Monday inked an agreement for joint production of over six lakh AK-203 assault rifles at a manufacturing facility in Uttar Pradesh's Amethi besides firming up another pact on military cooperation for 10 years. The rifles will be manufactured for the Indian armed forces at a cost of around Rs 5000 crore. The agreements were signed at the 20th meeting of the India-Russia Inter-Governmental Commission on Military and Military-Technical Cooperation (IRIGC-M&MTC). The meeting, co-chaired by Defence Minister Rajnath Singh and his Russian counterpart Gen Sergey Shoigu, also discussed ways to further boost strategic cooperation including ramping up of joint production of military equipment. The two sides also inked a pact on amending the agreement on cooperation in the field of manufacturing of the Kalashnikov series of small arms that was originally sealed in February 2019. Another agreement was signed on the protocol of the 20th IRIGC-M&MTC, officials said. The ..

France, Greece sign defence deal; Athens to buy 3 warships

President Emmanuel Macron and Greek Prime Minister Kyriakos Mitsotakis announced a defence and security strategic partnership in a joint news conference in Paris

Tata, Airbus sign Rs 20,000-cr contract to manufacture military aircraft

The Defence Ministry on Friday inked a nearly Rs 20,000 crore contract with Airbus Defence and Space of Spain to procure 56 C-295 medium transport aircraft which will replace Avro-748 planes of the Indian Air Force. The long-pending procurement was cleared by the Cabinet Committee on Security two weeks back. "Contract signed between #MinistryOfDefence and @AirbusDefence &Space, Spain for procurement of 56 C-295 transport aircraft for the #IAF," Defence Ministry Spokesperson A Bharat Bhushan Babu tweeted. Under the deal, 16 aircraft will be delivered in a flyaway condition by the Airbus Defence and Space within 48 months of signing the contract. The remaining 40 planes will be manufactured in India by a consortium of the Airbus Defence and Space and Tata Advanced Systems Limited (TASL) within 10 years of signing the contract, officials said. The C-295 MW aircraft is a transport plane of 5-10 tonne capacity. This is the first project of its kind in which a military aircraft will b

Imposing sanctions on India would be victory for Russia: Republican Senator

A top Republican Senator has said that imposing CAATSA sanctions on India for buying the multi-billion-dollar S-400 missile system from Russia would be a geostrategic victory for Moscow

Defence sales to India shows commitment to security, sovereignty: US

The sale of major defence equipment to India which now stands at $20 billion shows America's commitment to India's security and sovereignty, the Biden administration said on Wednesday

Boeing gets US govt approval to offer F-15EX fighter jet to India

May join fray for IAF's acquisition of 114 medium fighters

India's S-400 deal with Russia may trigger US sanctions, says report

In October 2018, India had signed a $5 billion deal with Russia to buy five units of the S-400 air defence missile systems, despite a warning from the Trump administration

US stands with India in its efforts to defend sovereignty, liberty: Pompeo

The two countries inked a total of five agreements, including the long-negotiated Basic Exchange and Cooperation Agreement (BECA) that will allow sharing of high-end military technology

Beyond 2+2

India must secure its own regional interests as well

Pompeo says 'US will stand with India', signs landmark defence pact

In the 2+2 dialogue, the two sides deliberated on a host of critical issues including ways to further expand the already close relationship between the militaries of the two countries

US-India deal: Conclusion of BECA to open doors for high-tech arms

Becoming a BECA signatory will take India into a select group of long-range missile powers, which can strike targets thousands of kilometres away with an accuracy of 100 metres or less

Amid face-off with China, Army ammo worth $190 mn languishes in Russia

Army has not carried out pre-despatch inspection (PDI) for the last seven months

India, Russia finalise deal to manufacture AK-47 203 rifles: Report

The Indian Army has a requirement for around 770,000 AK-47 203 rifles, of which 100,000 will be imported and the rest will be manufactured in India