May 2022

BDL Gets Order for Astra Mk1

In a major boost to Prime Minister Narendra Modi’s vision of ‘Aatmanirbhar Bharat’, Ministry of Defence, on May 31, 2022, signed a contract with Bharat Dynamics Limited (BDL) for supply of ASTRA MK-I Beyond Visual Range (BVR) Air to Air Missile (AAM) and associated equipment for the Indian Air Force & Indian Navy at a cost of Rs 2,971 crore under Buy (Indian-IDDM) category.

Chinese SAM - Poor Russian Copy

On March 9, an Indian BrahMos supersonic cruise missile (Land attack version) landed in the town of Mian Channu some 124 km deep within Pakistan’s territory. Regretting the incident, India in a statement said, “in the course of a routine maintenance, a technical malfunction led to the accidental firing of a missile.” Taking a serious view on the incident, India “ordered a high-level Court of Enquiry.”

RattanIndia acquires majority stake in Throttle Aerospace Systems

RattanIndia Enterprises Ltd (REL) today announced that it is has acquired 60% shareholding in India’s leading drone company Throttle Aerospace Systems Private Limited (TAS). This investment in TAS has been done through NeoSky India Limited (NeoSky), a wholly owned subsidiary of RattanIndia Enterprises Limited. NeoSky is engaged in the business of drones.

2nd Survey Vessel(Large) Nirdeshak Launched

‘Nirdeshak, the second of the four Survey Vessels (Large) (SVL) Project being built by GRSE in collaboration with L&T shipbuilding for Indian Navy was launched on 26 May 22 at Kattupalli, Chennai. She made her first contact with water of Bay of Bengal at 1038 hrs at the Launch Ceremony graced by the Vice Admiral Biswajit Dasgupta, Flag Officer Commanding in Chief, Eastern Naval Command. In keeping with the Naval maritime tradition, Smt Sarbani Dasgupta, launched the ship to the chanting of invocation from Atharva Veda.

MTAR Technologies reports a PAT of Rs. 19.8 crore

MTAR Technologies Ltd (“MTAR”), a leading precision engineering solutions company engaged in manufacturing and development of mission critical precision components with close tolerances and critical assemblies catering to nuclear, space, defense and clean energy sectors has announced its financial results for the fourth quarter and year ended 31st March, 2022.


QOQ Q4 FY 22 vs. Q3 FY 22



Russian Helicopters Holding Company of the Rostec State Corporation will present ambulance and business versions of the Ansat helicopter and unmanned aerial system BAS-200 at the International Helicopter Industry Exhibition HeliRussia 2022.

Latest Russian military Choppers at HeliRussia'22

Rosoboronexport JSC (part of Rostec State Corporation) will showcase new and upgraded versions of Russian helicopters at the 15th International Helicopter Industry Exhibition (HeliRussia 2022), which will be held from May 19 to 21, 2022 at the Crocus Expo IEC in Moscow.

At HeliRussia, Rosoboronexport will show its partners and potential customers Russian helicopters for a wide range of applications in various weather and climatic conditions in the form of scale models and advertising materials.