Daily Archives: March 27, 2026

News

India Approves $25.3 Billion in Defence Deals, S-400 Missile System Leads Modernization Drive

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India MoD clears additional S-400 air defence missiles for IAF, Dhanush Artillery for Army: New Delhi, March 27, 2026 — In a major boost to India’s defence capabilities, the Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, on Friday approved Acceptance of Necessity (AoN) for a series of defence procurements worth approximately $25.3 billion USD (₹2.38 lakh crore at ₹94 per USD). The clearances, spanning the Indian Air Force, Army, and Coast Guard, mark one of the largest defence modernization efforts in recent years.

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News

Rheinmetall, Indra Group deepen defence ties with eye on multibillion-euro Spanish vehicle contract

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 Rheinmetall-Indra Group MoU: German defence giant Rheinmetall AG and Spain’s Indra Group have signed a memorandum of understanding to expand their strategic partnership, targeting major opportunities in military vehicle systems and broader defence technologies across Europe and Latin America. The agreement sets the stage for the creation of a joint venture later this year, aimed at bidding for a significant Spanish Army contract covering the procurement of up to 3,000 military trucks, alongside several hundred tactical vehicles—projects expected to be worth several billion euros.

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