• Sales in 2008 reach $3.6 billion, compared to $3.3 billion in 2007, an increase of 9 percent
• $91 million net profit in 2008, compared to $118 million in 2007, a decrease of 23 percent
• Profit before early retirement expenses reaches $195 million, compared to $157 million in 2007, an increase of 24 percent
• Backlog as of December 31, 2008, reach $7.1 billion, reflecting two years worth of sales
• Cash flow from current projects reaches $123 million
StratPost tweeted facts about the Indian Air Force (IAF) tender for 126 Medium Multi Role Combat Aircraft (MMRCA) and the participating aircraft last week. Here they are on a single page, for easy reference. And please feel free to add any more in the comments. They will be updated on this page.
A cost escalation of 50 percent (INR 63,000 crore, in this case) or more, requires approval again from the Ministry of Finance, before the Defense Acquisitions Council (DAC) can proceed with it. With the cost of the tender for India safely ranging from INR 83,000 crore to 1,25,000 crore, the revision of the estimated expenditure on the MMRCA would require the approval of the finance ministry.
The French Dassault fighter aircraft Rafale has been selected to be the Medium Multi Role Combat Aircraft (MMRCA) of the [...]
The complete list of gallantry awardees, this Republic Day.
The following is the list of army personnel who lost their lives in service, in the past year.
Some of the stories of the courage displayed by India’s armed forces, awarded for conspicuous gallantry this Republic Day.
