January 2, 2018 2:19 PM

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Defence Minister clears two procurement proposals

Defence Minister Nirmala Sitharaman cleared two procurement proposals in New Delhi today. <br/><br/>The first proposal is related to procurement of 240 bombs, at a cost of 1 thousand 254 crore rupees from M/s JSC Rosonboron Exports, Russia. <br/><br/>These bombs, which fall under the category of Precision Guided Munitions, are used by Indian Air Force, IAF. <br/><br/>This procurement will address the deficiency of Precision Guided Munitions in the IAF arsenal, besides enhancing the offensive capabilities of the IAF.<br/><br/>The second proposal pertained to the procurement of 131 Barak Missiles and associated equipment, under option clause from M/s Rafael Advanced Defence Systems Limited, Israel, at a cost of 460 crore rupees. <br/><br/>These missiles are surface to air missiles designed to be used as a ship-borne anti-missile defence system against anti-ship missiles.

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