Defence Industry
Rheinmetall-Lockheed Martin GMARS: In a significant move aimed at bolstering long-range precision fire capabilities for allied nations, Rheinmetall and Lockheed Martin recently convened an international summit in Europe, showcasing their collaborative Global Mobile Artillery Rocket System (GMARS) program. The event, drawing military leaders, industry experts, and defense professionals from 14 countries, underscored the growing importance of advanced artillery systems in modern warfare.
India HAL Financial Result FY 2024-25: Bengaluru, India – Hindustan Aeronautics Limited (HAL), a cornerstone of India’s defense manufacturing, has announced a provisional revenue of Rs 30,400 crore (approximately $3.648 billion USD) for the financial year 2024-25, demonstrating resilience amidst significant supply chain disruptions and operational setbacks.
GRSE Bags MPV Contract from Germany’s Carsten Rehder: Kolkata/Hamburg, Germany – Garden Reach Shipbuilders and Engineers (GRSE) Ltd. has signed a contract with Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG, Germany, on March 24, 2025, for the construction and delivery of the 7th and 8th Multi-Purpose Vessels (MPV) of 7,500 DWT. The agreement, signed in Hamburg, Germany, represents a continuation of the “Option Agreement” between the two parties, bringing the total order to eight vessels with an approximate value of US $108 million.
Indian Air Force Air Marshal Jeetendra Mishra: New Delhi, January 01, 2025: Air Marshal Jeetendra Mishra assumed command of the Indian Air Force’s Western Air Command in a ceremony held today. Air Marshal Mishra, a fighter pilot commissioned in 1986, is an alumnus of prestigious institutions like the National Defence Academy (Pune), Air Force Test Pilots School (Bangalore), Air Command and Staff College (USA), and Royal College of Defence Studies (UK).
India HAL Financial Result FY 2024-25: Bengaluru, India – Hindustan Aeronautics Limited (HAL), a cornerstone of India’s defense manufacturing, has announced a provisional revenue of Rs 30,400 crore (approximately $3.648 billion USD) for the financial year 2024-25, demonstrating resilience amidst significant supply chain disruptions and operational setbacks.
Ashok Leyland Bags Rs 700 Crore Indian Army Vehicle Order: Chennai, India – Hinduja Group’s Ashok Leyland announced on Friday that its defence business has been awarded multiple orders valued at over Rs 700 crore ($81.9 million) to supply a range of logistics vehicles to the Indian Army. Deliveries of these vehicles are scheduled to commence in the next financial year.
Rheinmetall-Lockheed Martin GMARS: In a significant move aimed at bolstering long-range precision fire capabilities for allied nations, Rheinmetall and Lockheed Martin recently convened an international summit in Europe, showcasing their collaborative Global Mobile Artillery Rocket System (GMARS) program. The event, drawing military leaders, industry experts, and defense professionals from 14 countries, underscored the growing importance of advanced artillery systems in modern warfare.
