Boost to Indian Navy: ₹19,000-cr mega deal for BrahMos missiles gets Cabinet nod

New Delhi: In a major boost to the Indian Navy's capabilities, the Cabinet Committee on Security (CCS) has given the green light for procuring more than 200 BrahMos extended-range supersonic cruise missiles for deployment on warships, as per media reports. The proposed acquisition deal – estimated at around ₹19,000 crore – was reportedly cleared in a committee meeting.

The contract between BrahMos Aerospace – an Indo-Russian multinational aerospace and defence corporation – and the ministry of defence is likely to be signed in the first week of March.

BrahMos Aerospace Private Limited was formed as a joint venture between India’s DRDO and Russia’s NPO Mashinostroyeniya in 1998. Initially, the ownership was divided equally between the two countries, but India has gradually increased its stake in the company headquartered in New Delhi.

The company is primarily responsible for the design, development, production, and marketing of the BrahMos missile system, one of the fastest cruise missiles in the world.

The BrahMos missile has been indigenised in a big way by the BrahMos corporation and more parts are being indigenised.

(Defence Watch– India’s Defence News centre that places the spotlight on Defence Manufacturing, Defence Technology, Strategy and Military affairs is on Twitter. Follow us here and stay updated.)