• L&T, EADS revive defence JV plan
February 05, 2010
Reports noted that India’s Larsen & Toubro (L&T) and Franco-German aerospace and defence group, EADS, are reworking on their defence JV plan after the said plan failed to get clearance earlier from the Government on the ground of non-conformity with the FDI policy. As per the revived plan, L&T will hold 74 per cent of the proposed JV and the rest by EADS. The Indian company is planning to step up its defence business from the present Rs 400 crores to Rs. 2,500 crores in next five year and the proposed JV is crucial in that direction. For EADS, “India is a key market … [and its] target is to establish long-lasting partnerships in India” Says the spokesperson for EADS Defence & Security.
• Agni-3 test fired Successfully
February 07, 2010
The fourth test of the nuclear capable Agni-III missile was test fired successfully from the Wheeler Island, situated in the Bay of Bengal off the coast of Odisha. A Government Press Release noted that the missile, with a flight range of 3,500 KM was “tested for the full range, hit the target with pin-point accuracy and met all the mission objectives.” The test was part of the user (the Army) trial and the missile is “now” expected to be “fully inducted into the armed forces.”
Agni-II is 17 meters long and 2 meters in diameter, has a launch weight of 50 tons. It is a two stage solid propellant system with a pay load capability of 1.5 tons. The first test of the in July 2006 had failed, but its second and third flights in April 2007 and May 2008 were successful. About 80 to 85 per cent of the components of the missile are indigenously developed. “The missile is equipped with a state of the art computer system, navigated with a most advanced Navigation system and guided with an innovative guidance scheme. The Navigation system used for guidance is first of its kind.”
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