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Benchmarksclosed Nifty17,398.0538.30 FEATURED FUNDS ★★★★★ ICICI Prudential Large & Mid Cap Fund-IDCW 5Y Return 12.76 % Invest Now FEATURED FUNDS ★★★★★ ICICI Prudential Midcap Fund-Growth 5Y Return 9.28 % Invest Now FEATURED FUNDS Pro Investing by Aditya Birla Sun Life Mutual Fund Invest Now Search for Reliance I| News English EditionEnglish Editionहिन्दीગુજરાતીमराठीবাংলাಕನ್ನಡമലയാളംதமிழ்తెలుగు | Today's Paper Sign In Special Offer on ETPrime Home ETPrime Markets News Industry Rise Politics Wealth Mutual Funds Tech Careers Opinion NRI Panache ET NOW More India Decoded Web Stories Morning Brief Podcast Newsblogs Economy Agriculture Finance Foreign Trade Indicators Infrastructure Policy Industry Politics Company Corporate Trends Defence NationalInternationalIndustry More InternationalCanada NewsUK NewsUS NewsUAESaudi ArabiaBusinessWorld NewsET EvokeElectionsLok SabhaAssembly ElectionsKarnatakaSportsScienceEnvironmentET TVLatest NewsMost ReadMost SharedMost Commented Business News›News›Defence›India acquires weapons worth $300 mn from US for its Navy THE ECONOMIC TIMES DAILY NEWSPAPER IS AVAILABLE ONLINE NOW. Read Today's Paper INDIA ACQUIRES WEAPONS WORTH $300 MN FROM US FOR ITS NAVY SECTIONS India acquires weapons worth $300 mn from US for its Navy By Manu Pubby , ET BureauLast Updated: Apr 04, 2023, 12:02 AM IST Synopsis IN THE ORIGINAL CONTRACT SIGNED WITH THE US, ONLY A LIMITED AMOUNT OF ARMAMENTS WERE PROCURED AS CREWS WERE UNDERGOING TRAINING AND FAMILIARISATION WITH THE NEW EQUIPMENT. THE HELLFIRE MISSILES ARE A POTENT ANTI SHIPPING WEAPON AND CAN BE USED TO TAKE DOWN OTHER GROUND TARGETS LIKE TANKS AND COMMAND POSTS AS WELL. THEY ALSO HAVE LIMITED AIR TO AIR CAPABILITIES AS WELL. ANIIndia moves closer towards USD 300 million weapons deal with US for its Navy India is acquiring armaments worth over $300 million from the US to arm its naval multi role helicopters that will enhance their capability to counter enemy warships and submarines. The weapons are for the MH 60 'Romeo' choppers, the most advanced multi role helicopters currently in service with the Indian Navy. The fleet of 24 choppers will get additional Hellfire missiles and Mk 54 lightweight torpedoes. The MH 60 Romeos have been in service since last year when the first batch was delivered at Kochi and have been acquired to fill a critical capability gap in the navy. In the original contract signed with the US, only a limited amount of armaments were procured as crews were undergoing training and familiarisation with the new equipment. The Hellfire missiles are a potent anti shipping weapon and can be used to take down other ground targets like tanks and command posts as well. They also have limited air to air capabilities as well. The Mk 54 light weight torpedoes, which are also equipped onboard the P8I maritime aircraft, are known to be a very effective anti submarine weapon. The deal for MH 60 Romeo naval multi role helicopters was signed in February 2020, at an estimated cost of $2 billion. The delivery of all 24 anti submarine helicopters is expected to be completed by 2025. The acquisition of versatile naval choppers made by Sikorsky (part of the Lockheed Martin group) for deployment on frontline destroyers and frigates has been a top priority for the navy that requires the choppers to locate and take down enemy submarines and warships over an extended range. The presence of these choppers onboard an Indian warship extends its combat range by a few hundred kilometres and keeps it safer as the enemy can be detected and taken down from a distance. The last major weapons deal signed with the US was in August 2021 for the GE 404 fighter jet engines. The $716 million acquisition was to power the indigenous Tejas Light Combat Aircraft (LCA), 83 of which are on order by the Indian Air Force. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! ( Originally published on Apr 03, 2023 ) READ MORE NEWS ON navyindian navylockheed martindefence ministrysea kinghellfireal jawahiri (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.) 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In any event. whatsoever, ET Prime's liability will not exceed the amount paid by the user during the transaction. * ET Prime reserves the right to withdraw or modify this offer without any liability at its own discretion. * These terms shall at all times be read and understood in conjunction with the T&C and Privacy Policy of ET Prime available at :etprime.com/terms-conditions. * Times Prime subscription offers the below benefits:- * Hotstar + Disney : 6 months subscription worth Rs. 450 * SonyLiv: 6 month subscription worth Rs. 699 * Headspace: 6 months subscription worth Rs. 449 * TOI+ : 12 months subscription worth Rs. 650 * Gaana+: 1-year subscription worth Rs. 399 * Myntra: 15% discount over & above * Uber: 20% off on rides * Chaayos: Complimentary chai * Times Prime reserves the right to add/modify/delete any of the benefits at its own discretion. * Times Prime terms and conditions shall apply at all times.. * In case of any concerns, the user may reach out to us at :care@etprime.com. The only global membership video-on-demand platform for streaming documentaries. Explore, question and discover real stories that enlighten, enchant and entertain. 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In any event. whatsoever, ET Prime's liability will not exceed the amount paid by the user during the transaction. * ET Prime reserves the right to withdraw or modify this offer without any liability at its own discretion. * These terms shall at all times be read and understood in conjunction with the T&C and Privacy Policy of ET Prime available at etprime.com/terms-conditions. * The above mentioned offers are indicative and may change over time. * A new release every day * Docubay terms and conditions shall apply at all times. ENJOY FREE SUBSCRIPTIONS & DISCOUNTED DEALS FROM TOP BRANDS TERMS & CONDITIONS * The offer is applicable for all users buying/renewing the Annual plan or 2-year plan. * Post the free trial of 15 days, the Times Prime coupon code will be sent to registered email address within 10 working days from completion of the trial period. * For existing users (renewing users) or users who have exhausted their trial period in the past, will receive the Times Prime coupon code to their registered email address within 10 working days from the payment completion. * Users are required to redeem their Times Prime coupon code on or before 31-03-2023. * ET Prime solely reserves the right to resolve this issue as per the company policy. In any event. whatsoever, ET Prime's liability will not exceed the amount paid by the user during the transaction. * ET Prime reserves the right to withdraw or modify this offer without any liability at its own discretion. * These terms shall at all times be read and understood in conjunction with the T&C and Privacy Policy of ET Prime available at :etprime.com/terms-conditions. * Times Prime subscription offers the below benefits:- * Hotstar + Disney : 6 months subscription worth Rs. 450 * SonyLiv: 6 month subscription worth Rs. 699 * Headspace: 6 months subscription worth Rs. 449 * TOI+ : 12 months subscription worth Rs. 650 * Gaana+: 1-year subscription worth Rs. 399 * Myntra: 15% discount over & above * Uber: 20% off on rides * Chaayos: Complimentary chai * Times Prime reserves the right to add/modify/delete any of the benefits at its own discretion. * Times Prime terms and conditions shall apply at all times.. * In case of any concerns, the user may reach out to us at :care@etprime.com. The only global membership video-on-demand platform for streaming documentaries. Explore, question and discover real stories that enlighten, enchant and entertain. 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The only global membership video-on-demand platform for streaming documentaries. Explore, question and discover real stories that enlighten, enchant and entertain. 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In any event. whatsoever, ET Prime's liability will not exceed the amount paid by the user during the transaction. * ET Prime reserves the right to withdraw or modify this offer without any liability at its own discretion. * These terms shall at all times be read and understood in conjunction with the T&C and Privacy Policy of ET Prime available at etprime.com/terms-conditions. * The above mentioned offers are indicative and may change over time. * A new release every day * Docubay terms and conditions shall apply at all times. Get One Year Docubay Subscription worth ₹999 for free Stream award-winning international documentaries from more than 100 countries. 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Covers trucking, old economy companies and new age startups. * Vikas Dandekar Editor, Pharma and Healthcare India’s pre-eminent pharma reporter with over two decades in the business * Varsha Santosh Correspondent, Money and Markets Juggling with data * Vyas Mohan Senior Sub-Editor I have 15 years of experience. I moved to ET Prime’s rewrite team from the Asia desk of Thomson Reuters. * 1 * 2 * 3 * 4 * 5 * 6 * 7 * 8 * 9 * 10 * 11 * 12 * 13 * 14 * 15 Subscribe Now FREQUENTLY ASKED QUESTIONS WHAT DO I GET WITH AN ET PRIME MEMBERSHIP? An ET Prime membership gets you • Unlimited access to all ET Prime content on all platforms • Access to in-depth reports on 4000+ stocks and complete access to ET Print Edition • Access to community discussions on ET Prime, and opportunity to become a contributor • Invites to ET Prime members-only event DO I NEED TO CREATE AN ACCOUNT TO BUY A MEMBERSHIP? 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We will inform you before the renewal is due. You can cancel the auto-renewal any time from within your profile settings. I HAVE PAID FOR A MEMBERSHIP, BUT DID NOT CREATE AN ACCOUNT. WHAT SHOULD I DO? To reclaim your membership, please reach us at care@etprime.com. HOW DO I GET AN INVOICE FOR MY MEMBERSHIP? To issue an invoice, please share the billing name, address, and contact number at care@etprime.com. In case you require a GST invoice, please share the GST number, billing address, and contact number on the same email ID. DO I ALSO GET THE ECONOMIC TIMES NEWSPAPER AT HOME WITH THIS MEMBERSHIP? No, this is a membership to ET Prime only. Though, you get complete access to ET Print edition - The digital website of ET Newspaper. WHAT IF I DON'T WANT TO BECOME A MEMBER? CAN I STILL READ SOME ARTICLES FOR FREE? A very small portion of our stories are free to read. You can access them by signing in. DO I ALSO GET THE ECONOMIC TIMES EPAPER ACCESS WITH THIS MEMBERSHIP? As an ET Prime member, you will get access to ET Print Edition - The digital website of ET Newspaper. However, in order to access epaper you would need to purchase a separate subscription. The only global membership video-on-demand platform for streaming documentaries. Explore, question and discover real stories that enlighten, enchant and entertain. Features: * A new release every day * Stream on multiple screens * Award winning documentaries from 100+ countries * Stunning 4K & HD quality * Wide range of topics including Travel, Culture, Science, Crime, Nature, History and more * TERMS & CONDITIONS * The offer is applicable for all users within India buying/renewing the Annual plan or 2-year plan. * Post the free trial of 15 days, the Docubay coupon code will be sent to the registered email address within 15 working days from completion of the trial period. * For existing users (renewing users) or users who have exhausted their trial period in the past, will receive the Docubay coupon code to their registered email address within 15 working days from the payment completion. * Users are required to redeem their Docubay coupon code on or before 01-06-2021. * ET Prime solely reserves the right to resolve any issue as per the company policy. In any event. whatsoever, ET Prime's liability will not exceed the amount paid by the user during the transaction. * ET Prime reserves the right to withdraw or modify this offer without any liability at its own discretion. * These terms shall at all times be read and understood in conjunction with the T&C and Privacy Policy of ET Prime available at etprime.com/terms-conditions. * The above mentioned offers are indicative and may change over time. * Docubay terms and conditions shall apply at all times. WHY ? * Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors * Stock analysis. Market Research. Industry Trends on 4000+ Stocks * Clean experience with Minimal Ads * Comment & Engage with ET Prime community * Exclusive invites to Virtual Events with Industry Leaders * A trusted team of Journalists & Analysts who can best filter signal from noise Stories you might be interested in Subscribe to ourET Investment Opportunities SUBMIT BACK TO TOP