Defence Industry
India MoD Orders 100 Additional K9 Vajra Guns from Larsen and Toubro: New Delhi – In a significant boost to its artillery modernization efforts, the Indian Ministry of Defence has inked a ₹7,628.70 crore (approximately $897.5 million USD) contract with Larsen & Toubro Limited (L&T) for the procurement of 155 mm/52 calibre K9 VAJRA-T Self-Propelled Tracked Artillery Guns.
Airbus will supply 25 additional Halcon Eurofighter Typhoons to Spain: Getafe, Spain – In a significant move to modernize its air force and solidify its position within NATO, the Spanish government has finalized a contract for 25 additional Eurofighter aircraft. The agreement, signed with the NATO Eurofighter and Tornado Management Agency (NETMA) based in Munich, Germany, marks a substantial investment in the nation’s defense capabilities and reinforces European industrial cooperation.
Cochin Shipyards Performs Steel Cutting Ceremony of Indian Navy’s Next Generation Missile Vessels (NGMV): Kochi, India – A significant milestone in India’s naval modernization efforts was achieved on December 16th, 2024, as the steel cutting ceremony for the first Next-Generation Missile Vessel (NGMV) commenced at the Cochin Shipyard Limited (CSL). This marks the formal commencement of construction for these advanced warships, designed to enhance India’s maritime security and defense capabilities.
Kevin O’Connor joins Lockheed Martin: Bethesda, Maryland – December 3, 2024 – Lockheed Martin Corporation (NYSE: LMT) today announced a key leadership change with the appointment of Kevin O’Connor as its new senior vice president, general counsel, and corporate secretary. O’Connor will assume the role on January 13, 2025, succeeding Maryanne Lavan who is retiring after an exemplary 34-year career with the company.
Cochin Shipyards Performs Steel Cutting Ceremony of Indian Navy’s Next Generation Missile Vessels (NGMV): Kochi, India – A significant milestone in India’s naval modernization efforts was achieved on December 16th, 2024, as the steel cutting ceremony for the first Next-Generation Missile Vessel (NGMV) commenced at the Cochin Shipyard Limited (CSL). This marks the formal commencement of construction for these advanced warships, designed to enhance India’s maritime security and defense capabilities.
Garuda Aerospace Registers 20 Patents: [Chennai, December 23, 2024] – Drone startup Garuda Aerospace announced today that it has been granted its 20th patent, a significant milestone for the company. This includes six international patents covering a wide range of agriculture drone solutions, encompassing mapping, surveying, spraying, inspections, crop health monitoring, field surveillance, yield monitoring, and seed dropping.
IAI, Slovakia Sign Landmark BARAK MX Missiel Deal: Tel Aviv, December 23, 2024 – Israel and Slovakia have finalized their largest-ever defense export agreement, valued at approximately €560 million. The deal involves the supply of the BARAK MX Integrated Air Defense System, produced by Israel Aerospace Industries (IAI), to Slovakia.
