Blitz India Business
NEW DELHI: Aimed at enhancing the combat capabilities of the Army’s artillery regiments and strengthening overall operational readiness, the Ministry of Defence has signed contracts worth approximately Rs 1,577 crore with Tata Advanced Systems Limited and NIBE Private Limited for the procurement of Loiter Munition Systems, along with associated munitions and accessories.
The acquisition is also expected to provide a further boost to the Aatmanirbhar Bharat initiative by encouraging the development and production of advanced defence technologies within the country.
“The Ministry of Defence has signed contracts with TATA Advanced Systems Limited and NIBE Private Limited for the procurement of Loiter Munition Systems, along with munitions and other accessories, at an approximate cost of Rs 1,577 crore for the Indian Army,” it said. According to the Defence Ministry, the Loiter Munition System is a critical battlefield asset designed to improve precision strike capabilities.
The system can locate, track and engage targets with greater accuracy, providing a significant boost to the effectiveness of artillery operations. “The Loiter Munition System is a critical equipment developed to enhance the capability of the Artillery Regiments, thereby strengthening the overall operational effectiveness of the Indian Army,” the ministry stated.
