BR100 Decreased By (-0.55%)
BR30 Decreased By (-0.99%)
KSE100 Decreased By (-0.52%)
KSE30 Decreased By (-0.5%)
AGHA 6.73 Increased By ▲ 0.05 (0.75%)
BECO 4.36 Decreased By ▼ -0.01 (-0.23%)
BML 56.79 Decreased By ▼ -0.53 (-0.92%)
BOP 30.17 Decreased By ▼ -0.18 (-0.59%)
CNERGY 13.00 Decreased By ▼ -0.12 (-0.91%)
CSIL 5.35 Decreased By ▼ -0.06 (-1.11%)
FCCL 52.36 Decreased By ▼ -0.43 (-0.81%)
FFL 14.55 Decreased By ▼ -0.17 (-1.15%)
FNEL 1.11 Decreased By ▼ -0.01 (-0.89%)
KEL 6.11 Increased By ▲ 0.02 (0.33%)
KOSM 6.01 Increased By ▲ 0.28 (4.89%)
LOTCHEM 26.25 Decreased By ▼ -0.21 (-0.79%)
MLCF 91.79 Decreased By ▼ -1.37 (-1.47%)
NBP 164.10 Decreased By ▼ -0.56 (-0.34%)
NCPL 53.51 Decreased By ▼ -2.15 (-3.86%)
NPL 58.70 Decreased By ▼ -2.46 (-4.02%)
OGDC 314.80 Decreased By ▼ -1.93 (-0.61%)
PACE 9.90 Increased By ▲ 0.03 (0.3%)
PAEL 35.19 Decreased By ▼ -0.44 (-1.23%)
PIBTL 14.65 Decreased By ▼ -0.03 (-0.2%)
PPL 223.20 Decreased By ▼ -3.71 (-1.64%)
PRL 91.50 Decreased By ▼ -1.52 (-1.63%)
PTC 59.00 Decreased By ▼ -1.26 (-2.09%)
SSGC 23.33 Decreased By ▼ -0.48 (-2.02%)
TBL 8.79 Increased By ▲ 0.04 (0.46%)
TELE 7.70 Decreased By ▼ -0.10 (-1.28%)
TPL 22.20 Decreased By ▼ -0.15 (-0.67%)
TPLP 12.60 Decreased By ▼ -0.37 (-2.85%)
TREET 21.89 Decreased By ▼ -0.27 (-1.22%)
TRG 56.60 Increased By ▲ 0.04 (0.07%)
World

US clears $93 million sale of Javelin anti-tank system, Excalibur projectiles to India

  • It follows a re-order this month of fighter jet engines made by General Electric to power more of India's home-produced Tejas combat aircraft
Published Updated
Photo: Reuters
Photo: Reuters
By

NEW DELHI: The US State Department has approved the sale of Javelin anti-tank missile system and Excalibur guided artillery munitions worth $93 million to India, the US Defence Security Cooperation Agency (DSCA) said on Wednesday.

The purchase of US defence equipment is India’s first under Washington’s foreign military sales programme since ties soured in August after President Donald Trump doubled tariffs on Indian goods to 50% as punishment for New Delhi’s purchases of Russian oil.

It follows a re-order this month of fighter jet engines made by General Electric to power more of India’s home-produced Tejas combat aircraft.

Missed signals, lost deal: How India-US trade talks collapsed

“This proposed sale will support the foreign policy and national security objectives of the United States by helping to strengthen the US-Indian strategic relationship and to improve the security of a major defence partner which continues to be an important force for political stability, peace, and economic progress in the Indo-Pacific and South Asia regions,” the DSCA said in a statement.

The Indian government had requested to buy up to 216 Excalibur tactical projectiles and 100 units of the Javelin system, the DSCA said.

India already uses the Excalibur artillery ammunition in its M-777 Howitzer guns.

India to buy 31 armed drones from US

The principal contractors for the sales will be RTX Corp for the Excalibur projectiles and its joint venture with Lockheed Martin for the Javelin systems, the DSCA said.

Comments

Comments are closed for this article.