Govt simplifies defence rules to woo foreign firms

Last Updated: Monday, June 1, 2015, 16:09

In order to provide a level-playing field to private players, the government withdrew excise and Customs duty exemptions enjoyed by the Ordinance Factory Board and defence PSUs.

Korean Air, Airbus sign accord for jet fighter bid

Last Updated: Sunday, February 22, 2015, 19:49

The project is designed to develop and produce 120 fighter jets of a new "indigenous" type to replace the country`s ageing fleet of F-4s and F-5s.

India, US sign deal for six transport aircraft

Last Updated: Saturday, December 28, 2013, 15:17

India has signed a Rs 4,000-crore deal with the US for procuring six more C-130J Super Hercules Special Operations aircraft for the Indian Air Force.

Bid to colonize Mars wins high-profile backing

Last Updated: Wednesday, December 11, 2013, 08:52

A Dutch entrepreneur`s bold quest to colonize Mars won high-profile support Tuesday from a US aerospace giant, although the timetable for putting humans on the red planet has been pushed back two years.

South Korea to buy 40 Lockheed F-35s, further 20 jets still open

Last Updated: Friday, November 22, 2013, 19:52

South Korea will buy 40 Lockheed Martin Corp F-35 stealth fighter jets, the country`s military chiefs decided on Friday, with the first delivery expected in 2018.

Defence Ministry issues multi-crore tender for 56 new aircraft

Last Updated: Thursday, May 9, 2013, 21:07

Defence Ministry has issued a tender expected to be worth over Rs 12,000 crore to replace IAF`s Avro planes with 56 new aircraft which will be produced by the Indian private sector firms.

US grounds F-35 fighters over engine problem

Last Updated: Sunday, February 24, 2013, 11:16

All flight operations of Lockheed Martin F-35 Lightning II fighter planes have been suspended over an engine problem discovered on one aircraft, the US Department of Defense said.

Tata Lockheed delivers 1st Center Wing Box to Lockheed Martin

Last Updated: Friday, August 3, 2012, 23:19

Tata Lockheed Martin Aerostructures, a joint venture between Tata Advanced Systems and Lockheed Martin, Friday delivered the first C-130 Center Wing Box Made in India to Lockheed Martin.

Soon, supersonic jet capable of flying from London to Sydney in 4 hrs

Last Updated: Tuesday, June 26, 2012, 09:05

Three US companies have joined force with NASA to create a supersonic jet that may be able to fly from London to Sydney in four hours.

Soon, laser-guided bombs for IAF’s Jaguars

Last Updated: Tuesday, April 3, 2012, 14:12

Lockheed Martin has bagged a deal expected to be worth over Rs 100 crore for supplying laser-guided bombs for the Jaguar fighter aircraft fleet.

Defence Min approves $1.5 bn aircraft deal for Navy

Last Updated: Monday, February 27, 2012, 21:20

The nine MRMR planes will be in addition to the 12 American-origin P-8I long-range aircraft already being acquired by Navy at a USD 3.1 billion price tag.