SSS Defence not only bags contract to supply .338 Lapua Magnum calibre sniper rifle, but also deals to deliver nearly USD 50 million worth of ammunition to multiple friendly countries.
Such has been the growth in the defence sector that companies are spending billions of dollars on buying back their own shares with record number of orders in pipeline and counting.
As part of Adani Group's defence push, the Kanpur facility has started rolling out small calibre ammunition, starting with 150 million rounds which will be scaled up in time.
India now exports to 'more than 80 countries'. Narendra Modi govt had in 2020 set target of Rs 35,000 cr export in aerospace and defence goods & services for next 5 years.
While govt has opened up the sector to private players & FM in budget speech said quarter of govt R&D spending would go to private sector, procurement system remains a stumbling block.
During the past 10 years, around 15 Chetak and Cheetah helicopters have crashed, killing several pilots even as it remains the workhorse of the armed forces.
As we bid good riddance to 2021, let’s not forget positives and steady progress in many areas, from Olympics to enterprise to welfare schemes and infrastructure.
Lt Gen. T.K. Chawla, Director General Artillery, stresses importance of indigenous defence manufacturing while discussing challenges facing Advanced Towed Artillery Gun System & Dhanush.
Procurement procedures in the armed forces are near perfect. So if sub-standard equipment pass through, it's either because the leadership is corrupt or it is incompetent.
Since 1979, Iran has used the Palestinian issue as a façade for its regional agenda to oppose American diplomacy, the Western world, and the existence of Israel.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.
The lapua Magnum is a cartridge not a sniper rifle so what did the company sell?