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.
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.
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.
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.
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.
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.
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.