MoD Signs ₹1,577 Crore Loiter Munition Contracts

Current Affairs 2026 | Current Affairs Today | Daily Current Affairs |

MoD Signs ₹1,577 Crore Loiter Munition Contracts

The Ministry of Defence signed contracts worth about ₹1,577 crore with Tata Advanced Systems Limited and NIBE Private Limited for Loiter Munition Systems for the Indian Army.

Key Points:

Total value: ₹1,577 crore
Companies: TASL and NIBE
Delivery period: 12 months
Procurement category: Buy (Indian)
Procedure: Fast Track Procedure
TASL: 64% order share.
NIBE: 36% order share.
Aim: Strengthen precision-strike and battlefield capabilities.

Join Telegram

MoD Signs ₹1,577 Crore Loiter Munition Contracts

Comments

Leave a Reply Cancel reply