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.
Tag Archives: ST Kinetics
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.
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.
Blog: US guns for India a done deal?
It looks like India is going to purchase light artillery guns from the US after all. The US Defense Security Cooperation Agency (DSCA) has notified the US Congress of the sale of 145 units of the British Aerospace Land Systems’ M777 howitzer to India for US $ 647 million, offering a caveat saying, ‘this notice of a potential sale is required by law and does not mean the sale has been concluded’.
ST Kinetics denies blacklisting
The Singapore-based arms firm, which was earlier reported to have been blacklisted has questioned such a description of itself and has offered its books up scrutiny by Indian agencies.
India allows tainted weapon systems’ trials
The Ministry of Defense has allowed user trials of five weapons systems that were held up due to allegations of corruption against two of the vendors involved in the trials, ST Kinetics and Israel Military Industries.
Subscribe & Connect
