"The two companies have signed an agreement to offer the BvS10 for an Indian armed forces programme", the statement said.
The group will reduce its global workforce of 30,000 staff over the next 12 months
Earnings after taxation slid 17 per cent to 471 million pound (USD 618 million, 528 million euros) in the six months to the end of June, compared with 569 million pound a year earlier, BAE said in a results statement.
For developing the air defence guns, Kalyani Group formed a "strategic partnership" with BAE Systems at the on-going 'DefExpo', organised by Ministry of Defence, at Thiruvidanthai, about 40kms from here.
BAE Systems, which employs 34,600 people in Britain, has already slowed Typhoon production as orders have dried up.
We have been in India for nearly 50 years and have deep roots, that's the word coming in from Sir Roger Carr, the Chairman of BAE Systems.
Larsen & Toubro Ltd is likely to announce today a joint venture with Europe's MBDA Missile Systems to cater to the defence needs of the Indian government.
BAE Systems’ world-class, battle proven M777 Ultra Lightweight Howitzer, for which India and the United States are in discussions for a Foreign ...
The gun deal would be through Foreign Military Sales (FMS) but the "spares, maintenance and ammunition will be operated through Indian systems", defence sources said.
Sources familiar with the talks say Modi wants to buy an extra 20 Hawk Mk132s, worth USD 400-USD 450 million, on top of existing orders already made for 123 of the single-engine, jet-powered trainers
In order to provide a level-playing field to private players, the government withdrew excise and Customs duty exemptions enjoyed by the Ordinance Factory Board and defence PSUs.
Germany's defence minister held out the prospect of more talks on a possible sale of Eurofighter jets to India and, on a visit to New Delhi, said on Wednesday Berlin stood ready to back a multi-billion-dollar Indian submarine project.
Arms sales by the 100 biggest weapons makers fell for the first time since the mid-90s in 2011 as economies slowed and military equipment purchases were reduced for operations in Afghanistan and Iraq, a leading think-tank said on Monday.
Mahindra & Mahindra on Saturday said it's unit Mahindra Defence Systems will acquire BAE Systems' 26 percent stake in their joint venture company Defence Land Systems India, citing changes in the business environment and customer procurement frameworks among other reasons.
Mahindra and Mahindra today said it will acquire 26 percent stake in its defence joint venture with BAE Systems, ending their three-year old partnership.
India today sought investments from Britain in sectors like infrastructure to enhance economic ties between the countries.
Major global companies including Novartis, BAE Systems and Philips today expressed interest in expanding their businesses in India.
Mahindra & Mahindra and BAE Systems are reviewing their joint venture, Defence Land Systems India given "significant evolution" that has happened in the Indian market, the utility vehicle maker to software services provider said on Wednesday.
The attempt by BAE Systems and EADS to create the world's biggest aerospace and defence company collapsed last week, but the planned merger raised big questions. suvil
European consortium Eurofighter expects the global combat aircraft export market to reach 800 units in 20 years, and it expects to deliver 250 of those planes, a senior executive said on Thursday.
BAE Systems has cancelled plans to sell part of its US commercial aerospace unit, deciding instead to keep the unit after reviewing the business' performance.