BAE Systems is to sell its stake in Defence Land Systems India (DLSI) to Mahindra Defence Systems less than three weeks after the two issued a statement announcing a strategic review of their joint venture.
Tag Archives: OFB
IMI to challenge blacklisting in court
In a statement issued on Thursday, the company said, “In all of its R&D and supply programs in India IMI has always acted legally, ethically, and in full compliance with its established corporate policy which mandates ethical business dealings.”
BAE Systems ready to help India build Bofors guns
Dean McCumiskey, Managing Director and Chief Executive of BAE Systems’ India operations told StratPost his company would be open to discussing any question of technical assistance the OFB might require, in its attempt to execute the designs and technology documentation transferred to it as part of the old Bofors howitzer procurement.
BAE opts out of Indian Army’s towed guns tender
British arms major BAE Systems Thursday opted out of India’s tender for 1,580 towed artillery guns with the deadline for submitting the bids coming to an end, a company official said here.
Images: Pirate Hunter INS Cankarso
StratPost recently got a chance to visit the INS Cankarso, a Car Nicobar-class Water Jet Fast Attack Craft. Built by Garden Reach Shipbuilders and Engineers [GRSE], the vessel was commissioned in June last year.
Israel Military Industries to face action soon: Antony
The Indian government will soon decide on penal action against an Israeli defense company blacklisted in connection with a graft case filed by the Central Bureau of Investigation (CBI) against a former Ordnance Factory Board (OFB) chief, the Indian Upper House of Parliament, the Rajya Sabha was informed Wednesday.
Singapore Technologies denies CAG report
The arms company has contradicted the basis of the CAG audit, saying it signed a Memorandum of Understanding on offsets and collaborated production with the Ordnance Factory Board.
Anatomy of a blacklist: Singapore Technologies
The CAG submitted a report to Parliament last week, that testifies to the acts of omission and commission, based on incompetence, lack of foresight or mala fide intent, that led to the recommendation for the blacklisting of Singapore Technologies, arising from the issue of the supply of carbines to paramilitary forces.
Six arms firms proposed for MoD blacklist
The Indian Defense Minister AK Antony confirmed to Parliament on Tuesday, the recommendation of the Central Bureau of Investigation (CBI) for the blacklisting of six arms firms by the Ministry of Defense, Singapore Technologies, Israel Military Industries, TS Kissan and Company Private Limited and RK Machine Tools Private Limited, Rheinmetall Air Defence of Germany and a Russian firm called Cooperation Defence.
Army towed guns’ tender jinxed, junked
The Indian Army has issued a Request For Information (RFI) for towed artillery guns, effectively canceling the previous process for procurement of these weapons systems, in which BAE Systems was fielding the FH77 B05 against Singapore Technologies (ST) Kinetics’ iFH 2000.
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