Monday, November 2, 2026
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
  • ASEANFastest Growing
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
  • ASEANFastest Growing
Fiinews
No Result
View All Result
Home Banking & Finance

DAC Approves Capital Acquisition

Fiinews by Fiinews
April 28, 2018
in Banking & Finance, Contract, Imports, Investment, Manufacturing, Technology
Reading Time: 1 min read
A A
0
0
SHARES
11
VIEWS
LinkedinShare on Twitter

BAE Systems’ guns in Rs.3,687 crore acquisition

The Defence Acquisition Council (DAC), chaired by the Defence Minister Nirmala Sitharaman, approved Capital Acquisition Proposals of the Services valued at over Rs.3,687 crore.

In a boost to indigenisation and in realisation of India’s growing technological prowess, the DAC approved procurement of Defence Research and Development Organisation’s (DRDO’s) designed and developed NAG Missile System (NAMIS) at the cost of Rs.524 crore.

The system includes a third generation Anti-Tank Guided Missile, the NAG, along with the Missile Carrier Vehicle (NAMICA).

The NAG missile is a third generation anti-tank guided missile, which has top attack capabilities that can effectively engage and destroy all known enemy tanks during day and night.

This will give a quantum boost to the Army’s capability against enemy armour.

The DAC also approved procurement of thirteen 127 mm calibre guns for the Navy at its meeting held in New Delhi on 27 April 2018.

These guns will be fitted on-board new construction ships for undertaking surface engagements including Naval Gunfire Support Operations.

The guns will enable Naval ships to provide fire support and engagement of targets on the land.

These guns have engagement range of 24 kilometres, which could be extended further by using Extended Range Gun Munitions (ERGM).

These guns, a long outstanding requirement of the Navy would be procured from BAE Systems of the United States of America under the categorisation of Buy (Global) at an approximate cost of over Rs.3,000 crore.

The DAC also reviewed the progress of the DRDO programme to develop indigenous Airborne Warning and Control System (AWACS). fii-news.com

Tags: Defence MinistryNirmala Sitharaman.
ShareTweetShare

Related Posts

VG Journey
Technology

Tech: Panel calls for urgent need to be DPDP ready

by Fiinews
November 2, 2026
0
10

Goa can develop responsible and secure artificial intelligence ecosystem With data security and artificial intelligence emerging as critical pillars of...

Vibrant Goa logo
Investment

Invest: CM Invites business to Goa

by Fiinews
November 2, 2026
0
18

Sawant wants to develop 500 MSME champion exporters by 2037 Chief Minister Dr Pramod Sawant has invited investors to explore...

PPS

Manufacture: Locally assembled Audi Q3 launched

November 2, 2026
20
Assetmark

Invest: AssetMark expands presence in India with GCC

October 29, 2026
13
Prince Alois

Invest: Prince Alois updated on economic progress

October 29, 2026
11
Textile Association of India

Manufacture: Textile PLI reopened for applications

October 29, 2026
10
SBI YONO

Recent News

  • Tech: Panel calls for urgent need to be DPDP ready
  • Invest: CM Invites business to Goa
  • Manufacture: Locally assembled Audi Q3 launched
  • Market: VAML expands Balco, secures bauxite
  • Market: VinFast signs 50+ LoIs with e-motorcycles

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY
  • About
  • Advertise
  • Careers
  • Contact us

© 2026 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
  • ASEAN

© 2026 FIINEWS - Design and developed by 7clicksmedia.