Wednesday, December 16, 2009

Ten Defence Offset Contracts Signed

Government today said about ten offset contracts worth Rs 8,909 crores have been signed under Defence Procurement Procedure (DPP) with weapons making companies from countries like Russia, Israel and the United States.

"About 10 offset contracts have been signed so far under the DPP. The companies with which the offset contracts have been signed include Rosoboronexport and RAC MiG from Russia, Lockheed Martin and Boeing from the US, Israel Aerospace Industries and Elta from Israel and Fincantieri from Italy," Defence Minister A K Antony said in a written reply to a Lok Sabha query.

Read the full Report: Ten Defence Offset Contracts Signed

Brigadier(Retired) Sukhwindar Singh
http://www.svipja.com/
(A Global Solution for Offsets)
Credit: Business Standard

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