An estimated 400 Kamov 226-T helicopters are planned to be manufactured by an Indo-Russian Joint venture under the “Make in India” program.
The documents for the joint venture formation between Russia’s Rostec companies on one side and HAL on the other side have been prepared and registration is awaited.
The shares in the JV have been agreed at 49.5% for the Russian side, 50.5% for the Indian side. The project is estimated at $1 billion.
The project is set for at least 200 units, 40 to be delivered from Russia in the nearest future, 160 to be made in India. In addition to the assembly, it provides terms for maintenance, operation, repairs and maintenance of these helicopters.
However, the actual requirement could rise to 400, according to Viktor Kladov, head of International Cooperation, Rostec said.
“The number of production units is to be set by the JV, but our expertise is that India requires no less than 400 units of these helicopters. They are versatile and modular so can be used in military, search and rescue, medical and transport tasks. It’s possible that the regional market, the neighboring countries will be interested and it can become an export product on its own,” he added.
Russias Shvabe, a part of Rostec Corp, has delivered LDM-2VK laser rangefinders to China for use in shooting practise. The LDM-2VK laser rangefinder, which defines target coordinates in the GLONASS and GPS satellite navigation systems, is produced at the holding company's Shvabe – Defense and Protection enterprise
The board of directors of Russian conglomerate Rostec will consider the sale of a 26 percent stake minus one share in weapons maker Kalashnikov to two private investors, Andrei Bokarev and Alexei Krivoruchko. Rostec announced Friday that it has agreed to sell off a stake in Kalashnikov as part of an overhaul of the producer of the AK-47 assault rifle
Russias defence and high technology holding company, Rostec declared 18% increase in consolidated revenues, amounting to 1 trillion and 140 billion rubles in 2015, despite the sanctions regime imposed against the firm. "Against the sanctions pressure, the general decline of the Russian economy and fall of industrial production index by more than 3 %, we managed to increase the revenue of the State Corporation to 1 trillion 140 billion rubles, demonstrating a growth by 18 % compared to 2014", said CEO of Rostec,Sergey Chemezov during the meeting with the President of Russia Vladimir Putin
Russias state corporation Rostec has denied reports that the contract has been signed for the delivery of the Triumph S-400 anti-aircraft missile systems to India. “A contract for delivering the Triumph S-400 anti-aircraft missile systems to India is not yet concluded,” Sergey Chemezov, director-general of the Rostec State Corporation told journalists on Wednesday, TASS reported
India has finalized the roadmap with Russia to co-produce 200 Kamov Ka 226T light Utility helicopters under $1 billion deal in the South Asian country. Russias Rostec Corp
The Indo-Russian Transport Aircraft project to jointly design a transport aircraft for militaries of both nations has been grounded since a year. Multi-role Transport Aircraft Ltd
Russia and the UAE have concluded an initial agreement to develop a light fighter aircraft based on the MiG-29 jet. Work could start next year on the project which aims to manufacture in Russia and assemble in the UAE, Sergei Chemezov, the CEO of ROSTEC, the state-owned conglomerate which controls several Russian defence enterprises, told reporters at the IDEX 2017 show in Abu Dhabi
Russian NPO Angstrem has developed a radio communications system around new Russian-made hardware components. The R-187-P1E Azart multi-mode portable software-defined radio (SDR) lies at its heart
Russia has approved joint development of heavy helicopter with China intended primarily for the Chinese market. According to Interfax-AVN newswire, which cites Russian Helicopters holding, the negotiations on the program are nearing their final round
Patriot Missile Batteries Under Fire For Missing Iranian Drones
F-16 Pilot who Bailed-out Struck on Powerline
Russia to Commence Construction of 22 Naval Vessels in 2020
MBDA, BDL Sign Agreement to Assemble Mistral, ASRAAM Missiles in India
Israel to Modernise Ukrainian MiG-29 Jets for $440M
MiG-35 Shows Off New AESA Radar at MAKS 2019
Su-57’s Technology predecessor, the Su-47 ‘Berkut’ Displayed at MAKS 2019
Russia Unveils its Biggest Ever Drone to Compete with US Global Hawk
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...
Russian state-run Almaz-Antey has released additional data on its latest export-version of Buk-M3 Viking air defense missile system (ADMS)
The MiG-29, one of Russias most exported military jet has been upgraded in India that expands its capabilities from an...