Defence Acquisition Council

The DAC approvals open up new opportunities for key domestic defence players like BEL, BDL, GRSE, and others, said ICICI Direct Research

Defence Acquisition Council clears arms proposals worth Rs 79,000 cr to boost military power

Approval has been given for procurement of new missile systems, high mobility vehicles, naval surface guns and other equipment for the armed forces

DAC approves eight defence proposals worth over Rs 54,000 crore, sets rules for faster acquisition

Aside of according AoN approval for eight proposals, guidelines have been approved to reduce timelines of acquisition.

Centre approves five defence proposals worth close to Rs 22,000 crore to ramp up preparedness

The DAC granted Acceptance of Necessity (AoN) for the procurement proposals of Water Jet Fast Attack Crafts, Electronic Warfare Suite, Radar Warning and Advanced Light Helicopters, among others.

India could axe pending defence buys from abroad as in-principle call to stop all imports triggers massive review

There are also plans to amend the Defence Acquisition Procedure (DAP) in the future to ensure that foreign procurements are initiated only in the rarest of instances, that too after getting special exemption from the DAC.

India set to seal $3 billion Predator drone deal with US by current fiscal

The proposal to acquire the MQ-9B long-endurance drones, armed with air-to-ground missiles, is likely to be cleared by the Defence Acquisition Council (DAC) in the next few weeks following which it will be placed before the PM-led Cabinet Committee on Security, official sources said.

Govt approves purchase of MiG-29 and Su-30 MKI fighter jets, missile systems, weapons worth Rs 38,900 crore

The decisions were taken at a meeting of the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh.

Approval granted for purchase of defence equipment worth Rs 2,700 cr

The meeting of the council, the highest decision-making body for defence purchase, was chaired by Defence Minister Nirmala Sitharaman.

Govt clears proposal to buy Barak missiles for Navy

The government today approved procurement of a fresh batch of Barak surface-to-air missiles for Naval warships to enhance India's maritime capability in view of the changing security dynamics in the Indian Ocean region.

Govt to take up Defence Procurement Policy today

It has been delayed due to several reasons and as a result of which not many foreign investors have shown interest in investing in Indian joint ventures

Defence Ministry gives nod to proposals worth Rs 11,000 cr

A proposal to upgrade the avoinic system in IL 76 and engine-refitting in IL-78 was also cleared at a cost of around Rs 4,300 crore.

DAC clears AVRO project; makes way for Airbus and TASL

Tata Advanced Systems Ltd (TASL) will be manufacturing the air transport aircraft for the defence forces in the country and has tied up with Airbus Defence to bid for India's AVRO Project.

Defence Ministry clears projs worth over Rs 20,000 crore

The Defence Acquisition Council chaired by Defence Minister Manohar Parrikar cleared India's bid to buy 145 M-777 howitzer artillery guns from the United States.

BEL, BEML, Pipavav rally 5-8% on Rs 80000 cr defence push

The government also decided that six submarines will be made indigenously and over 8,000 Israeli anti-tank guided missiles and 12 upgraded Dornier surveillance aircraft will be purchased.

Airbus eyes Rs 12,000-cr IAF deal for medium-lift planes

Close on the heels of clinching the IAF contract for supply of mid-air refuellers, European consortium Airbus will now bid for the Rs 12,000-crore global tender to be floated by India for procuring 56 medium-lift transport aircraft to replace its vintage Avro planes.