Daily Archives: June 20, 2024

World Market

Rheinmetall wins historic $9.6 billion Bundeswehr ammunition order

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Bundeswehr awards record €8.5 billion ammunition order to Rheinmetall: In a landmark deal, German defense company Rheinmetall has secured the largest order in its history – a $9.6 billon (€8.5 billion) framework contract to supply the Bundeswehr (German Armed Forces) with 155mm artillery ammunition. Signed on June 20th, 2024, the agreement significantly expands upon an existing framework and aims to replenish ammunition stocks for Germany, its allies, and Ukraine’s ongoing defense efforts.

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Public Sector

LCH Prachand: India to buy 156 locally made combat helicopters

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HAL to supply 156 LCH Prachand Combat Helicopters: India’s quest for self-reliance in defense manufacturing takes a significant leap forward with the Ministry of Defence (MoD) issuing a Request for Proposal (RFP) to Hindustan Aeronautics Limited (HAL) for a staggering 156 Light Combat Helicopters (LCH) christened “Prachand.” This large-scale order marks the culmination of a long-standing program aimed at developing a potent attack helicopter specifically designed for the nation’s demanding high-altitude borders.

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