Orders and contracts in India: India’s Defence Acquisition Council (DAC) has accorded Acceptance of Necessity (AoN) for nine capital acquisition proposals of Rs 45,000 crore.
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News from HAL: HAL recorded its highest ever revenue of over Rs. 24,000 crores (provisional and unaudited) for the financial year ended on 31 March 2022 registering a 6% revenue growth over the previous financial year.
Compared with the PLAAF, which is likely to have 800 plus 4th/5th generation types in service by 2020, the Indian Air Force has been limited by the ‘Government Authorised Establishment (GAE)’ of 42 squadrons by 2027, against a ‘wish list’ of 60 squadrons for a two-front war.
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