Latest

6th Scorpene Sub ' Vagsheer' Launched at MDL

Yard 11880, the sixth and last submarine of the Indian Navy’s Kalvari class submarines of Project 75 has been launched today at the Kanhoji Angre Wet Basin of Mazagon Dock Limited (MDL). Dr Ajay Kumar, Defence Secretary was the Chief Guest at the ceremony and the submarine named ‘Vagsheer’ was launched by Mrs Veena Ajay Kumar, in keeping with Naval traditions of launch/ naming by a lady.

RAFAEL to Conduct 1st Ever Live Demonstration of its ABS System

Rafael Advanced Defense Systems Ltd. will participate at the IT²EC Exhibition in London conducting a first-ever live demonstration of its sophisticated ABS System – a Live Virtual Constructive (LVC) solution which is also being unveiled for the first time at a global exhibition. In addition, RAFAEL will present its advanced air defence training and simulation tools, most notably the Air Defence Optimizer (ADO). Both the ABS System and the ADO have a long-standing operational legacy.

MoD uses 65.50 per cent of Capital Budget on domestic buy

Ministry of Defence (MoD) had earmarked 64 per cent of Capital Acquisition Budget for domestic industry in Financial Year (FY) 2021-22. At the end of FY 2021-22, MoD has been able to over achieve this target and has utilised 65.50 per cent of Capital Acquisition Budget on indigenous procurements through Indian Industry to achieve Prime Minister Shri Narendra Modi’s vision of 'Aatmanirbhar Bharat'. Further, as per preliminary expenditure report of March 2022, MoD has been able to utilise 99.50 per cent of the Defence Services Budget in FY 2021-22.