Posts tagged ‘Hindustan Aeronautics Limited’

17/01/2015

IAF gets first light combat aircraft – The Hindu

Thirty—two years after the project was sanctioned, the first indigenously—built Tejas Light Combat Aircraft (LCA) was handed over by Defence Minister Manohar Parrikar to the IAF on Saturday, a red letter day for the Indian defence and aerospace sector.

A file photo of the Light Combat Aircraft 'Tejas' at the Yelahanka Air Base in Bengaluru.

The handover signals the start of a process of induction of the fighters being built at home under a project which has already cost the exchequer nearly Rs. 8,000 crore.

The entire project by the DRDO and Hindustan Aeronautics Limited is estimated to cost over Rs. 30,000 crore.

The aircraft that has been handed over has got Initial Operational Clearance—II, which signifies that Tejas is airworthy in different conditions, sources said. The Final Operational Clearance (FOC) is expected by the year—end.

This version of the aircraft lacks the latest electronic warfare suite, which was integrated into one of the LCAs two weeks ago, mid—air refuelling and long—range missiles capabilities, among other things that the FOC—configuration aircraft will have.

The IOC—I was granted to the aircraft, being built by state—owned Hindustan Aeronautics Limited (HAL), in January 2011.

via IAF gets first light combat aircraft – The Hindu.

02/12/2014

India and France to push ahead with Rafale jet deal | Reuters

The French and Indian defence ministers agreed on Monday to overcome any differences and finalise the sale of 126 fighter jets to India in a deal worth an estimated $15 billion, the Indian defence ministry said.

A Rafale jet fighter is seen on the assembly line in the factory of French aircraft manufacturer Dassault Aviation in Merignac near Bordeaux, southwestern France, January 10, 2014. REUTERS/Benoit Tessier/Files

France’s Dassault Aviation (AVMD.PA) has been trying to clinch a deal to sell India its Rafale jets since New Delhi chose the company over other foreign plane manufacturers in 2012. But disagreements over cost and work-sharing have slowed talks, while India’s weak economy has stretched government finances.

On Monday, French Defence Minister Jean-Yves Le Drian met his Indian counterpart Manohar Parrikar, who was appointed defence minister last month.

“Both sides agreed to take forward the strategic co-operation between the two countries. They discussed all issues including Rafale. It was decided that whatever differences still existed would be resolved in a fast-track manner,” said Indian defence ministry spokesman Sitanshu Kar.

Under the deal, which would provide a major boost to French domestic defence manufacturing, the first 18 planes will be made in France and shipped to India, while the remaining 108 will be produced by state-run Hindustan Aeronautics Ltd (IPO-HIAE.NS).

The final phase of exclusive negotiations on the contract should conclude within India’s current budget year ending in March 2015, Dassault Chief Executive Eric Trappier said last month.

via India and France to push ahead with Rafale jet deal | Reuters.

03/03/2014

India to investigate suspected kickbacks in Rolls-Royce deal | Reuters

India’s defence ministry said on Monday it had ordered a bribery investigation over state-run Hindustan Aeronautics Limited‘s (HAL) purchase of jet engines from Britain’s Rolls-Royce Holdings (RR.L) in a deal worth at least $1.2 billion.

Hindustan Aeronautics Limited

Hindustan Aeronautics Limited (Photo credit: Wikipedia)

The Central Bureau of Investigation, the country’s top crime-fighting agency, will look into more than 5 billion rupees ($80 million) in alleged kickbacks in the deal that was signed in 2011, a ministry official told Reuters.

No comment was immediately available from Rolls-Royce’s office in India.

Suspicions of corruption in India’s defense procurement program have for years delayed the modernization of the armed forces of the world’s most populous nation that continue to rely heavily on outdated Soviet-designed equipment.

The air force has been dogged by a series of crashes of its Russian-built MiG fighter jets, while an accident aboard a Soviet-made submarine that killed two officers last week led the navy’s chief of staff to resign.

India’s Congress party-led government is keen to be seen as tough on graft before parliamentary elections due by May. The party, lagging in the polls, has faced rising public anger over a string of corruption scandals in its current term.

The probe into the HAL deal follows the arrest in Britain last month of Indian-born businessman Sudhir Choudhrie and his son in a bribery investigation by the Serious Fraud Office into Rolls-Royce’s dealings in China and Indonesia.

Both men denied any wrongdoing and have been released on bail, their spokesman said last month.

via India to investigate suspected kickbacks in Rolls-Royce deal | Reuters.

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