Indo-Russian Joint Venture Anticipating $14Bln Deal for BrahMos Missiles

BrahMos Aerospace expects to get orders from Asian countries, including Vietnam, for the BrahMos supersonic cruise missiles that can be launched from submarines, ships, and aircraft as well as from the land
New Delhi — BrahMos Aerospace, an Indo-Russian joint venture, expects a major jump in the demand for its supersonic cruise missile in the next five years in anticipation of orders from friendly countries of the Asian region. Presently, BrahMos Aerospace is working on the order worth $7 billion placed by the three services of the Indian armed forces.
“If exports fructify, then the order for BrahMos missiles can almost double in another five years,” Sudhir Kumar Mishra, CEO, BrahMos Aerospace said at a function organised by the Confederation of Indian Industries in New Delhi.
Aviation modification of BrahMos Missile
BrahMos Aerospace signed contracts worth $554 million from April 2015 to August 2017. Transactions worth $615 million for the financial year 2017-18 and 2018-19 were approved considering new orders from customers and future developmental orders. The company approved the proposal in a meeting held in the last week of September.
Vietnam has been on top of the list of India’s potential clients form the BhraMos missiles. But various hurdles have kept a deal from materialising. In August this year, there were speculations in the media that India had delivered BhraMos missiles to Vietnam.
“The arms purchase is in line with Vietnam’s peaceful national defense policies aimed at protecting the country,” Le Thi Thu Hang, Vietnamese foreign ministry spokeswoman had said in August this year during a regular press briefing in a reply to a question which reads, “It has been in the international news that Vietnam just received some Brahmos missiles from India. Could you please confirm that information?” India, however, denied having delivered the BrahMos missiles to Vietnam.
BrahMos Aerospace is a joint venture between India’s state-owned defence research unit DRDO and Russia’s NPO Mashinostroyenia which was established in 1998.
Source:- Click Here
READ  How ‘Make in India’ could impede India’s global hunt for anti-ship missiles
No tags for this post.