HAL records highest ever revenue of over Rs. 24,000 crores (provisional and unaudited) for the financial year ended on March 31, 2022 registering a 6% revenue growth over the previous financial year. The corresponding figure for the previous year stood at Rs. 22,755 crores. “Despite the challenges …

The Cabinet Committee on Security (CCS) met under the Chairmanship of Prime Minister Shri Narendra Modi on 30 March 2022 in New Delhi. The CCS has approved procurement of 15 Light Combat Helicopter (LCH) Limited Series Production at the cost of Rs. 3,887 Cr along with Infrastructure sanctions worth …

The maiden edition of Indian Ocean Naval Symposium (IONS) Maritime Exercise 2022 (IMEX-22) was conducted at Goa and in Arabian Sea from 26 – 30 Mar 22. The aim of the exercise was to enhance interoperability in Humanitarian Assistance and Disaster Relief (HADR) operations among member navies. The …

Navratna Defence PSU Bharat Electronics Limited (BEL) today signed a Memorandum of Understanding (MoU) with the Army Design Bureau of Indian Army for collaboration in the field of Artificial Intelligence (AI) for Defence applications. The MoU was signed by Major General K V Jauhar, VSM, Additional …

Medium Range Surface-to-Air Missile (MRSAM) Army weapon system has once again proved its effectiveness as two missiles, during the flight tests, achieved direct hits against high speed aerial targets at Integrated Test Range, Chandipur off the coast of Odisha on March 30, 2022. The launches were …

 Rafael Advanced Defense Systems Ltd. has released its financial results for the 2021 fiscal year as was approved by the company's Board of Directors, with a total of $3.075 billion in sales, and a net profit of $133 million. In 2021, Rafael registered over 4.7 billion dollars in orders, and its …

The heavy engineering arm of Larsen & Toubro, a leading Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, has completed the Top Lid, the most complex and final assembly of Cryostat for Global Fusion Project at ITER, France. The 30-meter diameter Cryostat is the …

The Ministry of Defence (MoD), Government of India, on Tuesday, March 29, 2022, signed two contracts worth totally Rs. 3,102 Crores with the Bengaluru and Hyderabad Units of Navratna Defence PSU Bharat Electronics Limited (BEL), at New Delhi. The MoD and BEL-Bengaluru concluded a contract for …

Indian Naval Air Squadron 316, Indian Navy's second P-8I aircraft squadron has been commissioned into the Indian Navy today 29 Mar 22. The impressive ceremony was conducted at INS Hansa, Goa on 29 March 2022. Adm R Hari Kumar, the Chief of the Naval Staff was the Chief Guest for the event.  …

Irkut Corporation (part of Rostec’s UAC) and the Central Aerohydrodynamic Institute (TsAGI) of the “Zhukovsky Institute” National Research Center have successfully completed the crucial stage of static tests for the wingbox of MC-21 aircraft made of Russian composite polymer materials. The test …