IAF-HAL conclude ₹6,800 crore contract for 70 HTT-40 trainer aircraft
2 years, 2 months ago

IAF-HAL conclude ₹6,800 crore contract for 70 HTT-40 trainer aircraft

The Hindu  

: The Indian Air Force and the Hindustan Aeronautics Limited on Thursday concluded a ₹6,800 crore contract for 70 HTT-40 indigenous Basic Trainer Aircraft. Speaking at the event, which marked the end of three business days of the Expo, Defence Minister Rajnath Singh a strong and prosperous ‘New India’ is fully ready to stand shoulder-to-shoulder with major world powers. Earlier the Defence Ministry held an event ‘Invest for Defence’ meant to promote investment in the defence sector in the country both by the Indian industry as well Foreign Original Equipment Manufacturers. Lockheed Martin shared its plans for establishing MRO and Multi Role Fighter Aircraft facilities in the country and integrating local manufacturers into the global supply chain while SAAB India announced that it is planning to commence production of Karl-Gustaf launchers in India by 2024.

India Defence Iaf Hal  htt40  trainer  iafhal  contract  conclude  70  product  crore  defence  iaf  production  india  place  aircraft  hal  6800

History of this topic

IAF looking at procurement contracts worth over ₹2.5 lakh crore, says Air chief
1 year, 2 months ago

IAF looking at procurement contracts worth over ₹2.5 lakh crore, says Air chief

The Hindu  

The Indian Air Force is looking at procuring 97 additional indigenous Light Combat Aircraft -Mk1A fighter jets at an estimated cost of ₹1.15 lakh crore, Air Chief Marshal V. R. Chaudhari said on October 3. Elaborating on the modernisation plans and the indigenous push, Air Chief Marshal Chaudhari said the Army and the Air Force were looking at signing a …

L&T share price gains, HAL hits 52-week high. Here’s why
1 year, 9 months ago

L&T share price gains, HAL hits 52-week high. Here’s why

Live Mint  

The share price of Hindustan Aeronautics jumped about 5% to touch 52-week high of ₹2,833 in morning trade, but pared some gains later. The stock gained investor attention after the government signed contracts with HAL and L&T for procurement of 70 HTT-40 Basic Trainer Aircraft & three Cadet Training Ships, respectively. “Ministry of Defence, on March 07, 2023, signed contracts …

Defence Ministry Inks Rs 6,800 Crore Contract With HAL to Procure 70 Basic Trainer Aircraft
1 year, 9 months ago

Defence Ministry Inks Rs 6,800 Crore Contract With HAL to Procure 70 Basic Trainer Aircraft

News 18  

The defence ministry on Tuesday sealed a deal with Hindustan Aeronautics Limited to procure 70 HTT-40 basic trainer aircraft at a cost of over Rs 6,800 crore for the Indian Air Force. The ministry also finalised a contract with Larsen & Toubro Ltd for the acquisition of three cadet training ships worth over Rs 3,100 crore. "The ministry of defence …

Defence Ministry buys trainer aircraft, ships for ₹9,936 crore
1 year, 9 months ago

Defence Ministry buys trainer aircraft, ships for ₹9,936 crore

The Hindu  

The Defence Ministry on March 7 sealed a deal with Hindustan Aeronautics Limited to procure 70 HTT-40 basic trainer aircraft at a cost of more than ₹6,800 crore for the Indian Air Force.The Defence Ministry on March 7 signed contracts worth ₹9,936 crore for the procurement of 70 HTT-40 basic trainer aircraft and three cadet training ships, in the presence …

Defence Acquisition Council approves proposals to buy ₹8,722.38 cr military hardware from domestic companies
4 years, 4 months ago

Defence Acquisition Council approves proposals to buy ₹8,722.38 cr military hardware from domestic companies

Live Mint  

The Defence Ministry’s Defence Acquisition Council on Tuesday approved proposals to buy ₹8,722.38 crore worth of military hardware from domestic companies, a government statement said Tuesday. With the Bengaluru Hindustan Aeronautics Limited having successfully developed Basic Trainer Aircraft Prototypes and certification process underway, “the DAC approved procurement of 106 Basic Trainer Aircraft from HAL to address the basic training requirements …

Discover Related