Foreign companies can now own 49 percent of Indian defense companies, following a change announced as part of the country’s budget statement on July 10. The budget was presented by Finance and Defense Minister Arun Jaitley, a member of the newly elected government. It includes an allocation of $38.17 billion for defense, a gain of 12.44 percent. Some $15.76 billion of this (up from $13.15 billion last year) is capital expenditure, used primarily for procurement.
AIN Defense Perspective » July 11, 2014
Time is running out for the Lockheed Martin F-35 to make its international debut. The fleet remains grounded after the engine fire on June 23. “We’re working day and night to provide evidence to the airworthiness authorities, but we haven’t learned enough yet,” said Lt Gen Chris Bogdan, head of the F-35 Joint Program Office.
The Brazilian Navy gave AgustaWestland a $160 million-plus contract for the upgrade of eight Super Lynx Mk 21A helicopters. The Navy has operated the Lynx since 1978, receiving nine Mk 21s followed by nine Mk 21As. Five of the Mk 21s were later upgraded to Mk 21A.
MBDA successfully undertook two CAMM (common anti-air modular missile) launches in recent weeks, the company announced. The firings were carried out at the Vidsel overland range in northern Sweden on May 29 and June 5, and were the first seeker-guided launches for the CAMM. Instrumented-only firings of CAMM were conducted in April last year.
Saab has completed integration of the MBDA Meteor BVRAAM on the Gripen. Next year the Swedish air force fighter will be the first to go operational with the new missile, according to Saab. The Dassault Rafale and Eurofighter Typhoon will also carry the Meteor. The Gripen previously conducted the first eight developmental test firings of the ramjet-boosted missile.
AIN Defense Perspective is AIN’s e-newsletter focused on the aero defense industry. It is distributed once a week and is FREE to all subscribers. Simply fill out the subscription form, which is accessed by clicking on the button below. You can also use this button to update your current account information.