Blacklisted defense companies may continue to do business with India until charges against them are proved; the Indian MoD is understood to have made this decision, according to media reports.
The decision was reportedly made at a recent meeting of senior MoD officials and Indian Defense Minister, Arun Jaitley.
The decision will come as a major relief to international companies who found the blacklisting clause particularly harsh to deal with when they have not even been indicted in a court of law.
International companies including Singapore Technologies, Israeli Military Industry, Germany's Rheinmetall Air Defense, and South Africa’s Denel are under an indefinite blacklist. Though AgustaWestland has not been blacklisted yet, the Indian MoD has put all contact with it on hold including servicing of helicopters already delivered to India
Former Defense Minister, A.K.Anthony had cancelled major contracts of six companies that included four foreign and two Indian defense companies and had been blacklisted for 10 years by the government. Action had to be taken based on the recommendations by the Central Bureau of Investigation.
"We have cancelled many major contracts following corruption charges. We have very strong safeguards on integrity form. For any contract beyond Rs100 crore integrity pacts is a must," he had said at a press conference at the DEFEXPO in Delhi.
Finmeccanica - AgustaWestland was honored with the 2014 American Helicopter Museum and Education Center Achievement Award for Project Zero tiltrotor demonstrator. Led by Dr
The United Kingdom is reportedly considering launching its own investigation against AgustaWestland in connection with the Indian VVIP helicopter deal. According to Exaronews
AgustaWestland and Havelsanare today announced the signing of a Memorandum of Understanding (MoU) to collaborate and jointly market and sell their complementary training products and capabilities. Sadik YAMAC, CEO of Havelsan, said, “Havelsan wishes to provide simulation and synthetic training systems, including information management solutions, in support of the various rotorcraft platforms purchased by the Turkish Government and International Defence and Government Customers
Indias new Defence Minister Arun Jaitley will review the AgustaWestland chopper deal, according to local media reports. The Directorate General of Acquisition will present a detailed briefing before the Defence Minister on the case where 12 AW-101 VVIP choppers were being procured for the IAF, Defence Ministry officials said Monday
AgustaWestland today announced that the Court of Milan partially upheld the complaint lodged by the Indian Ministry of Defence, and thereby revoked the order issued by the judge on last March 17. The order pertains to the seeking of emergency interim lodged by AgustaWestland to resist the calling of certain first demand bank guarantees provided with reference to the contract for the supply of 12 helicopters AW 101 VVIP/VIP for an amount of EUR 228 million maximum against a call seeking to cash EUR 278 million
Industries in the UK would be interested to partner in the Regional Civil Aircraft program with Hindustan Aeronautics Limited (HAL). Some of the key representatives from UK industries such as ADS Group, Aircraft Research Association, Cobham, Cranfield University, Meggitt, Rolls Royce, Stirling Dynamics, Ultra Controls, UTAS, and UKIBC were present in the meeting
The Pentagon notified the US Congress to sell anti-ship Harpoon missiles to India at an estimated cost of $200 million. The Harpoon missile system will be employed on the Indian Navys Shishumar class submarine and will provide enhanced capabilities in defence of critical sea lines of communication
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