An allocation of almost $ 18 billion, under what is called the ‘Capital head’ of its budget, is the largest increase in 15 years when calculated on an year-on-year basis. It also almost doubles the allocation within past four years. In the budget presented in February 2017 the allocation was Rs 69,473 Crore ( approx $ 9.26 billion).
US long range supersonic heavy bomber, the ‘B1B Lancer’ will do a ‘fly by’ at the Aero India in Bangalore, the host city in Southern India.
India the world’s second largest importer of weapons, military equipment and platforms, is also a small exporter and sends out its products to some 42 countries.
The ‘green channel status’ will apply for major Naval weapon delivery systems, ordered by the Ministry of Defence and cements the status of the L&T defence as long term supplier. The company is into engineering, procurement and construction projects, manufacturing, defence and services conglomerate.
Dr Lall was unanimously voted onto the board of the USJBC. In the past he has played a decisive role in some of the major defence deals between India and the US.
IDD Bureau Israel Aerospace Industries Ltd. (IAI) has appointed Boaz Levy as its new Chief Executive Officer (CEO). A decision was made by the Board of Directors, chaired by Harel Locker following a search committee’s recommendation to nominate Levy who succeeds Maj. General (retd.) Nimrod Sheffer, who stepped down as CEO on October 31, 2020.
Dr Lall is the Chief Executive of General Atomics Global Corporation based at their headquarters in San Diego, California. General Atomics is one of the world’s largest privately held nuclear and defense companies.
HAL will adopt some of the best practices followed in some of the similar industries globally
New Delhi has suggested it can host new production lines, participate in US export orders for the Asian market and host maintenance repair and overhaul (MRO) facilities for US equipment operating in the Indo-Pacific.
Balancing its equation between the US and the Russia, India has signed separate agreements that promote industry-to-industry joint ventures in key areas of military equipment like drones, robotics and artificial intelligence , among other