Procurement of NAG missile, long-range guns worth Rs 3,687 crore for Navy cleared
The Defence Ministry today approved military procurement worth Rs 3,687 crore which included acquiring anti-tank guided missile NAG for the Army and long-range guns for the Navy. The capital acquisition proposals were cleared at a meeting of the Defence Acquisition Council (DAC) chaired by Defence Minister Nirmala Sitharaman. The DAC approved procurement of thirteen 127 mm calibre guns for the Navy from BAE Systems of the United States at a cost of over Rs 3,000 crore, officials said.
The NAG missile system, developed by the Defence Research and Development Organisation (DRDO), will be procured for the Army at a cost of Rs 524 crore, officials said. The system includes a third generation anti-tank guided missile along with the missile carrier vehicle (NAMICA).
The NAG missile has top attack capabilities that can effectively engage and destroy enemy tanks during day and night.
"This will give a quantum boost to the Army's capability against enemy armour," the Defence Ministry said. It said the thirteen 127 mm calibre guns for the Navy will be fitted on board the newly constructed ships and will enable naval vessels to provide fire support. "These guns have engagement range of 24 kilometres, which could be extended further by using Extended Range Gun Munitions (ERGM)," the ministry said.
The ministry said the DAC also reviewed the progress of DRDO's programme to develop indigenous Airborne Warning and Control System (AWACS). In all, military procurement worth Rs 3,687 crore was approved, it said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
09:20 AM IST