Rising India-Pakistan tension & an expectation of domestic firms getting major orders from armed services spark a market rally for both govt & private defence firms.
Defence exports grew by 12.04% year-on-year. MoD says 1,762 export authorisation were issued in FY2024-25 compared to 1,507 in the preceding financial year.
Mazagon Dock Shipbuilders has been without a head since Feb this year due to power struggle between naval officers and civil servants on criteria of qualifications.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Taylor ‘Fema’ Hiester, commander of USAF F-16 Viper Demo Team, hit out at air show organisers for continuing with the show after Wing Commander Namansh Syal lost his life in the incident.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
COMMENTS