BANGALORE -- A large-scale defense equipment renewal project, worth $130 billion, announced earlier this month by the Indian government led by Prime Minister Narendra Modi is attracting great interest from major arms manufacturers.
Aerospace & Defense Industries
India's $130bn defense update sparks interest from arms makers
Lockheed Martin and Boeing see opportunities in upgrade amid regional disputes
A fighter jet flies during the Aero India air show in Bangalore. The Indian government plans to spend $18.6 billion on purchases of weapons in fiscal 2021, starting in April. © Reuters
Read Next
Latest on Aerospace & Defense Industries
