The government today approved procurement of a fresh batch of Barak surface-to-air missiles for Naval warships to enhance India’s maritime capability in view of the changing security dynamics in the Indian Ocean region. A meeting of the Defence Acquisition Council (DAC), chaired by Defence Minister Arun Jaitley, approved capital acquisition proposals totalling over Rs 860 […]

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Officials of the French defence ministry inquiring into the Scorpene submarine data leak to The Australian newspaper in August have alleged that the source of the leak was linked to German defence firm ThyssenKrupp Marine Systems (TKMS). French newspaper Le Monde, quoting multiple sources, said it was driven by competition between TKMS and French firm […]

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L&T Shipbuilding, part of the $16-billion engineering conglomerate Larsen & Toubro (L&T), is eyeing around Rs 9,000 crore orders over the next three years, mostly from the Navy. L&T diversified into shipbuilding earlier this decade and is yet to make money in the segment. The company, which has two facilities — at Kattupalli near Chennai […]

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