Thursday, September 2, 2010

BrahMos order book swells to $13 billion

Brahmos, the missile joint venture between India and Russia, has an order book of $13 billion, helped by increased demand from other countries including Brazil, South Africa and Chile, a senior defence official told ET. Named after India’s Brahmaputra river and Russia’s Moscow river, the BrahMos missile can travel at nearly three times the speed of sound and hit targets up to 300 kms away. “The negotiations and ground work to export these missiles to other countries have started. The export of BrahMos will start once the requirements of Indian defence are met”, said a senior defence official speaking on condition of anonymity. On its part, India has already placed $3 billion of missile orders including ground systems and receivers with BrahMos for the next 7-8 years.

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