Author: defenceupdate

Defence Budget may be hiked to 2.5 percent of GDP to pay for multi-billion dollar deals

Defence Budget may be hiked to 2.5 percent of GDP to pay for multi-billion dollar deals

Having signed the €8.8-billion Rafale deal, the government will have to increase the defence budget midway through this financial year to pay for new orders, domestic brokerage ICICI Securities said on Tuesday. “The amount...

American Co. Lockheed Martin first to respond to ‘Make in India’ Fighter Jet Program

American Co. Lockheed Martin first to respond to ‘Make in India’ Fighter Jet Program

On Monday, US defence giant Lockheed Martin became the first international vendor to respond to an Indian Air Force (IAF) letter, soliciting interest in building a single-engine, medium fighter aircraft in India, with full...

JAPAN UNDERVALUED: INDIA LOSES GREAT OPPORTUNITY

As the Chinese expansionist Tsunami hits the South China Sea and the Chinese proxy North Korea continues firing nuclear ballistic missiles and the declining sole super power watches with consternation, Japan is faced with...