India saves Rs 470 crore in Hercules transport aircraft deal with US

The Defence Ministry has been able to make a valuable saving of almost $69 million (470 crore) in the deal for acquiring six C-130JSuper Hercules transport aircraft from the US. The savings have come, courtesy the procedures involved in government to government deals between India and America. THE DEAL India had signed the rupees 4,000 … Read more India saves Rs 470 crore in Hercules transport aircraft deal with US

Govt offers to buy 200 foreign fighter jets if they are Made in India

India is offering to buy hundreds of fighter planes from foreign manufacturers – as long as the jets are made in India and with a local partner, Indian Air Force(IAF) officials say. A deal for 200 single-engine planes produced in India – which the Air Force says could rise to 300 as it fully phases … Read more Govt offers to buy 200 foreign fighter jets if they are Made in India

Lockheed Martin offers to Manufacture F-16’s in India

F6-16 India

Lockheed Martin (LM) plans to manufacture ‘F-16’ fighter jets in India. The American defence major has confirmed that it recently offered to move its lone production line of the latest version of F-16, named ‘Block-70’, to India from Texas. Speaking at a media conference in New Delhi, Head (F-16 Business Development) of LM Randall L … Read more Lockheed Martin offers to Manufacture F-16’s in India