Three US companies have hogged at least 42 per cent of recent national military contracts worth nearly Rs 39,000 crore (around $8.78 billion at current exchange rates). The contracts were given out between March 2008 and October 2010.
Boeing, Lockheed Martin and GE Aviation totally won contracts worth around Rs 16,631 crore ($3.75 billion) among 13 overseas companies that won different orders from the Government.
Of the US suppliers, Boeing topped the pack with 21 per cent of the orders given, worth $2.1 billion and likely to go up (around Rs 9,314 crore), followed by Lockheed Martin with 11 per cent of the contracts worth $1 billion (Rs 4,434 crore) and GE Aviation 7 per cent at $650 million (Rs 2,883 crore), says a just-released KPMG-American Chamber of Commerce report on the Indian Defence sector.
The recent deals clinched by the US companies include - the P-8I Poseidon maritime surveillance aircraft from Boeing; C 130J transport planes from Lockheed Martin; GE's engines for the light combat aircraft Tejas; Harpoon anti-ship missiles and ultra light howitzers.
Offsets from the three US companies alone amount to around $1.1 billion, out of a total of $2.6 billion from all the 13 companies listed. These are for the products and services related to the contracts that Indian companies will export, in a move aimed at encouraging collaborations, building up indigenous capabilities and make them part of global Defence supply chains.
Click for the Report: Defence Offsets India Up till Oct 2010
Svipja Technologies
Boeing, Lockheed Martin and GE Aviation totally won contracts worth around Rs 16,631 crore ($3.75 billion) among 13 overseas companies that won different orders from the Government.
Of the US suppliers, Boeing topped the pack with 21 per cent of the orders given, worth $2.1 billion and likely to go up (around Rs 9,314 crore), followed by Lockheed Martin with 11 per cent of the contracts worth $1 billion (Rs 4,434 crore) and GE Aviation 7 per cent at $650 million (Rs 2,883 crore), says a just-released KPMG-American Chamber of Commerce report on the Indian Defence sector.
The recent deals clinched by the US companies include - the P-8I Poseidon maritime surveillance aircraft from Boeing; C 130J transport planes from Lockheed Martin; GE's engines for the light combat aircraft Tejas; Harpoon anti-ship missiles and ultra light howitzers.
Offsets from the three US companies alone amount to around $1.1 billion, out of a total of $2.6 billion from all the 13 companies listed. These are for the products and services related to the contracts that Indian companies will export, in a move aimed at encouraging collaborations, building up indigenous capabilities and make them part of global Defence supply chains.
Click for the Report: Defence Offsets India Up till Oct 2010
Svipja Technologies
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