Tag Archives: India

India Gets OK for Purchase of 22 General Atomics-Built MQ-9B Guardian Drone

TYSONS CORNER, VA, June 27, 2017 — General Atomics will supply 22 MQ-9B Guardian unmanned aircraft systems under a U.S. foreign military sales deal with India amid Indian Prime Minister Narendra Modi’s visit to Washington, ExecutiveBiz reported Monday. Defense News reported Friday the U.S. government was set to approve the deal ahead of Modi’s arrival, …

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Report: India Eyes $2B Pinaka Multibarrel Rocket Launcher Procurement

India’s defense ministry looks to purchase $2 billion worth of Pinaka multi-barrel rocket launchers for six regiments within 18 months, Defense News reported Thursday. The proposed acquisition came five months after the ministry ordered India-made rocket launchers worth approximately $350 million for two regiments. Larsen & Toubro and Tata Power SED …

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IAI Lands Nearly $2B in Surface-to-Air Missile Supply Contracts with India

Israel Aerospace Industries has secured contracts worth nearly $2 billion to provide two kinds of surface-to-air missile system to India. IAI said Thursday it will supply the India’s army with a medium-range surface-to-air missile under a contract valued at $1.6 billion as well as build a long-range variant of the system for integration onto the country’s …

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Microsoft Inks MOU With India’s Jharkhand State to Explore Tech for Digital Transformation

TYSONS CORNER, VA, Feb. 22, 2017 — A Microsoft (Nasdaq: MSFT) subsidiary in India has entered into an agreement with the government of Jharkhand to deploy cloud, mobile and machine learning technologies in support of the Indian state’s digital transformation initiative, ExecutiveBiz reported Tuesday. The company said Friday the memorandum of understanding aims to …

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Boeing to Set Up India-Based Defense Business

TYSONS CORNER, VA, Feb. 10, 2017 — Boeing (NYSE: BA) will soon establish a satellite office for its defense business in India as the company seeks to expand its operations in the country, ExecutiveBiz reported Thursday. The Economic Times reported Wednesday Boeing Defense India will be under the leadership of Pratyush Kumar, who …

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Deloitte: Global Aerospace & Defense Revenues to Grow 2% in 2017

A new Deloitte study forecasts the global aerospace and defense industry’s overall revenue to grow 2 percent in 2017. Tom Captain, Deloitte global aerospace and defense leader,  said Monday sales in the defense sub-sector could expand 3.2 percent this year after multi-year declines in revenue on growth in U.S. security spending and higher military …

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December 29 Market Close: GovCon Index Advances, US Stocks Turn Red After Russia Sanctions

Executive Mosaic’s GovCon Index moved higher Thursday on broad gains among defense primes and services contractors as U.S. stocks closed slightly lower in a mostly quiet penultimate trading session for 2016. Investors continued their post-election focus on defense and other GovCon stocks, while the S&P 500 composite index turned slightly negative as markets …

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Raytheon to Produce Stinger Missiles, Captive Flight Trainers Under $208M Navy FMS Contract

The U.S. Navy has awarded a Raytheon (NYSE: RTN) business unit a $207.9 million foreign military sale contract to manufacture Stinger FIM-92H and FIM-92F Block 1 missiles and associated equipment for three international customers. Raytheon Missile Systems will also deliver captive flight trainers, other training devices and related spares and components to Qatar, …

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Navy Taps Boeing to Produce Lot 90 Harpoon Missiles Under $207M FMS Contract

Boeing (NYSE: BA) has received a potential four-year, $207.5 million contract from the U.S. Navy for the full-rate production of 51 lot 90 Harpoon weapon systems for Egypt, South Korea and Brazil through a foreign military sales agreement. The sole-source, firm-fixed-price contract also covers the production of spares and related …

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U.S., India Continue Talks on Boeing, Lockheed Fighter Aircraft Production Facilities

TYSONS CORNER, VA, Dec. 12, 2016 — The U.S. and India are working on a deal to establish manufacturing hubs for Lockheed Martin (NYSE: LMT) F-16 and Boeing (NYSE: BA) F/A-18 fighter jets in India, ExecutiveBiz reported Friday. The Washington Post reported Monday the Indian government seeks to co-produce both the F-16 and F/A-18 aircraft platforms as …

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