BrahMos bags orders worth Rs 25,000 cr BrahMos, the world’s first supersonic cruise missile developed by the Indo-Russian joint venture BrahMos Aerospace, has already bagged orders worth Rs 25,000 crore from the Indian defence forces. Having started deliveries to the Indian Army and Navy, the joint venture is slated to commence deliveries of a slightly modified version to the Indian Air Force from 2015. It has attracted world attention mostly because of the flexibility of using multiple platforms to launch the 290-km- range missile and low cost. “There is lot of export opportunity, with about 14 countries showing interest. However, there are issues like the country’s security interests and what model (of the missile) that can be exported,” A. Sivathanu Pillai, CEO and Managing Director of BrahMos Aerospace, told mediapersons on the sidelines of an industry consortium meet here today. Russia, which holds 49.5 per cent stake in the joint venture, has already indicated its willingness to allow for export of the missile to some countries, while India is yet to take any decision.
Posted on: Wed, 31 Jul 2013 17:52:37 +0000
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