ST Kinetics, an arm of Singapore Technologies (ST) Engineering, said it has bid for five Indian defence contracts worth US$3 billion. 'If all five defence tenders we have bid for come through, we will have a revenue of $3 billion over five years,' Patrick Choy, chief marketing officer of ST Kinetics, told reporters.
ST Kinetics also said it will begin India trials of its 155MM Howitzer Towed guns for the army in a month. 'There are two programmes, towed guns and light guns,' Mr Choy told reporters. ST Engineering is the world's largest aircraft repair firm.
India is upgrading its largely Soviet-era arsenal to counter potential threats from Pakistan and China with a series of acquisitions.
The Indian army needs new weapons urgently as the Bofors howitzers were its last major acquisition, made back in 1986. India is now seeking heavy-lift helicopters, submarines, ships and artillery for its army, valued at millions of dollars, a KPMG report said this week.
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