Posts Tagged: "OFB"

M-777 buy uncertain

The failure to consider the order by the DAC has wider implications as it is unlikely that any decision can be taken on this order by October 15, after which the value of the deal will see a 37 percent hike.

BAE Systems quits DLSI JV with Mahindra

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.

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.