MoU Archives - Defence Monitor

20 May

Iran, Russia sign MoU to expand tourism cooperation

Tehran, May 20 (IANS) Iran and Russia have signed a memorandum of understanding (MoU) to expand tourism cooperation, according to media reports. The MoU was inked by Ali Asghar Shalbafian, Iranian deputy minister of cultural heritage, handicrafts, and tourism for tourism affairs, and Dmitry Vakhrukov, the deputy minister of economic development of Russia, on the sidelines of the 14th International Economic Forum "Russia-Islamic world" held in Kazan, Russia, Iran's official news agency IRNA reported on Friday. Under the MoU, related Iranian and Russian ministries will jointly push forward the implementation of a visa-free agreement signed in 2017 for granting visa waivers…

05 Feb

Lockheed Martin, HAL Sign Memorandum of Understanding

Bengaluru: Lockheed Martin signed a memorandum of understanding (MoU) with Hindustan Aeronautics Limited (HAL) to explore industrial opportunities today at Aero India 2021. Lockheed Martin is strengthening and growing its relationships with Indian industry to generate jobs and economic benefits in support of “Make in India, Self-Reliant India, and Start-Up India” initiatives, as well as in support of India’s air power mission. "We are excited to explore potential opportunities with HAL, one of the largest aerospace companies in Asia," said JR McDonald, Vice President of Business Development – Integrated Fighter Group, Lockheed Martin Aeronautics. "We are committed to continuing to integrate…

27 Dec

BEML signed MoU with IRCON International

BEML Limited, a schedule A company under Ministry of Defence, and a leading Rail & Metro manufacturer, signed a Memorandum of Understanding (MoU) with M/s IRCON International Limited to explore and address opportunities in the overseas market by synergizing each other’s strengths for large infrastructure projects in the transportation sector. At a function held in New Delhi on 27th December 2019 MoU copies were exchanged in the presence of Dr. D K Hota, CMD, BEML and Mr. S K Chaudhary, CMD, IRCON International Limited. This MoU is aimed at promoting supply of BEML manufactured rolling stock as well as construction equipment for Railway projects outside India wherein…

12 Jul

HAL Signs MoU with Government; Aims Higher Revenue

New Delhi: HAL signed a Memorandum of Understanding (MoU) for the financial year 2017-18 with Ministry of Defence (MoD) in Delhi yesterday. The annual MoU was signed between Mr Ashok Kumar Gupta, Secretary, Department of Defence Production and Mr T Suvarna Raju, CMD-HAL. The MoU outlines targets on various performance parameters of the Company during the year 2017-18. The revenue from operations has been targeted at Rs. 17,900 crores, the highest ever. The Company has also laid specific emphasis on capacity building, modernization, solar power plants, aiming to achieve capital expenditure of Rs.1300 crores. The Company’s thrust is on Make-in-India projects such…

15 Feb

Thales, Bharat Dynamics sign MoU on STARStreak missiles

Bengaluru: European defence and technology major Thales and missile systems manufacturing public enterprise Bharat Dynamics Limited (BDL) on Tuesday signed an MoU to assess opportunity for transfer of technology of the STARStreak missiles, an official said. The Memorandum of Understanding (MoU) was signed in presence of the UK government representatives, which has extended its support to this venture, at the Aero India 2017 here. Alex Cresswell, Executive Vice President for Land and Air Systems at Thales, said: "We are proud to join hands with Bharat Dynamics Ltd for the strategic transfer of technology of our flagship STARStreak missile from the UK.…