The Ministry of Defence on March 1 signed five major capital acquisition contracts worth ₹39,125.39 crore for the three services. Of the five contracts, one was with Hindustan Aeronautics Limited for procurement of aero-engines for MiG-29 aircraft, two with Larsen & Toubro for procurement of Close-in Weapon System and High-Power Radar and two with BrahMos Aerospace Private Limited for procurement …
In a significant measure to bring jointness in the procurements of the armed forces, the Government has decided to consolidate the demand of the three services in the capital head of the defence budget based on similar items of expenditure such as land, aircraft and aeroengines, heavy and medium vehicles among others. The allocation of ₹6.2 lakh crore is 4.72% …
