India signs deal with US to buy 145 M777 artillery guns
The Dollar Business Bureau India signed a Letter of Agreement and Acceptance (LOA) on Wednesday with the United States for purchasing 145 M777 ultra-light artillery guns, via foreign military sale (FMS) route. The Union Cabinet has approved the much-anticipated deal on November 17 that would add enormous firepower in the Indian Army, specifically against China on the eastern front. The air portable gun – 155 mm/39 calibre, has a maximum 30 km range and is manufactured by the British multinational company - BAE Systems. Welcoming the inking of the agreement, BAE Systems said in a statement that in the coming weeks the company expects to sign the contract with the US Department of Defence to supply the M777 Howitzers to India. Joe Senftle, Vice President and GM for Weapon Systems, BAE Systems said that the ...
BAE Systems selects Mahindra as India partner for gun deal
BAE Systems has down-selected Mahindra as its business partner for the proposed in-country Assembly, Integration & Test (AIT) facility for the M777 Ultra Lightweight Howitzer Source: PTI India and the United States are in discussion for supply of 145 M777A2 LW155 howitzers for the Indian Army BAE Systems today announced selection of Mahindra as its India partner for the nearly $700 million deal for the supply of 145 M777 howitzers, which are ultralight weight artillery guns having a strike range of 25 kms. The gun deal would be through Foreign Military Sales (FMS) but the "spares, maintenance and ammunition will be operated through Indian systems", defence sources said. "BAE Systems has down-selected Mahindra as its business partner for the proposed in-country Assembly, Integration ...
GoI to bring parity between defence PSUs, private manufacturers
Source: PIB, Government of India Defence manufacturing is one of the key sectors among the 25 sectors identified under the ‘Make in India’ campaign launched by the Government of India. A number of initiatives have been taken by the new Government to incentivise private sector, including foreign OEMs (original equipment manufacturers) to engage in the Defence and Civil Aerospace sector. A series of consultations have been held across Ministries / Departments under the mentoring of PMO (Prime Minister’s Office) to enable simplification of rules and procedures to promote private participation under defence manufacturing and exports. This is hoped to stimulate big ticket investments and incentivise Manufacturing. There was a long standing demand of the private sector manufacturers to bring parity ...
