BrahMos Aerospace secures orders worth Rs 25,000 crore
BrahMos Aerospace, the Indo-Russian joint venture that has developed the BrahMos, the world's first supersonic cruise missile, has bagged orders worth Rs 25,000 crore from the Indian defence establishment.
Having started deliveries to the Indian Army and Navy, the joint venture is slated to commence deliveries of a slightly modified version to the Indian Air Force from 2015.
The missile has attracted global attention for its flexibility in terms of multiple platforms that can be used to launch the 290-km range missile that can achieve a maximum velocity of 2.5-2.8 Mach.
"There is lot of export opportunity, with about 14 countries showing interest (in buying it). However, there are issues such as the country's security interests and what model (of the missile) can be exported," A Sivathanu Pillai, CEO and Managing Director of BrahMos Aerospace, told mediapersons on the sidelines of an industry consortium meet here today.
Russia, which holds 49.5 per cent stake in the joint venture, has indicated its willingness to allow export of the missile, while India is yet to take a decision on this.
Former President A.P.J. Abdul Kalam, speaking at the consortium meet, also said many countries had shown interest (in the missile). He felt India and Russia should explore the possibility of using this opportunity to export the system to select and friendly countries.
He was optimistic that the production order for BrahMos would rise from the current $7 billion to $10 billion by 2015.