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MoD signs Rs1,577 crore contracts for Loiter Munition systems

The Defence Ministry has signed contracts worth Rs 1,577 crore with TATA Advanced Systems Limited and NIBE Private Limited for the procurement of Loiter Munition Systems for the Indian Army. The contracts were inked in New Delhi on Friday in the presence of Defence Secretary Rajesh Kumar Singh.   
The Loiter Munition System is critical equipment developed to enhance the capability of the Artillery Regiments, thereby strengthening the overall operational effectiveness of the Indian Army. The Defence Ministry said that the procurement marks a pivotal step towards modernising and empowering Indian defence industries, which will be a proud flag-bearer of a self-reliant India.The system is expected to strengthen the capabilities of artillery units and contribute to the Army's overall operational preparedness. The procurement includes the Loiter Munition Systems along with the required munitions and other accessories.
The procurement is expected to provide a boost to India's domestic defence manufacturing ecosystem by increasing demand for indigenously produced defence equipment. The contracts with TASL and NIBE are part of the government's broader efforts to strengthen India's defence industrial base and reduce dependence on imports.

 


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