BY : koreatimes




South Korea is nearing a $1-billion deal with Indonesia to trade two of its 1,300-ton attack submarines and related technology for eight Indonesian-built advanced maritime patrol aircraft, a military source said Monday.

Arms procurement officials from the two nations, which forged a ``strategic partnership'' in December 2006, will meet next week in Indonesia to sign a memorandum of understanding (MOU) on the proposed deal, the source said.

``The two sides have virtually finalized the deal, as Indonesia accepted our final

BY : HT Media

State-run defence equipment makers Bharat Electronics Ltd and Bharat Dynamics Ltd and three private sector entities, including Larsen and Toubro Ltd, or L&T, and Tata Power Ltd, are in the running to share a Rs2,000 crore Indian Air Force order for the Akash missile system.
The public sector firms will produce radars and missiles, while L&T, Tata Power and Walchandnagar Industries Ltd would build systems such as mobile launchers, engines and software control systems, a senior defence official said.
“These five (companies) are the main players, there are 40 more small firms who will build subsystems,” said Prahlada, chief controller, research and development, at the Defence Research and Development Organisation (DRDO). He uses only one name.