Jan 31, 2020
Category: Industry
Defence Industry
Russia losses share in military equipment market in India
Decisive shift India allocates $ 18 Bn for military equipment
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).
Supersonic heavy bomber B1B Lancer to ‘fly’ at Aero India
Akash missile will be India’s biggest military export, so far
L&T green channel status has come after long hard work
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.
USJBC welcomes Dr. Vivek Lall onto Board of Directors
Boaz Levy is new CEO IAI
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.
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