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The Latest Breaking News from HAL

General Electric (GE) and Watts Water Technologies (WTS): Do These Stocks Have Some Momentum in Them?

Lucrative government investments and rising technological advancements are expected to propel the manufacturing industry’s growth and profitability in the upcoming years. But let’s find out if manufacturing stocks General Electric (GE) and Watts Water Technologies (WTS) possess solid momentum in them. Read on to learn my view….

StockNews.com

Army issues to lease 20 light helicopters

Indian Army seeks to lease 20 helicopters for 5 yrs to replace ageing Cheetah/Chetak fleet. MoD issued RFI, AoN to be processed in 6 mths. RFP expected mid-Oct. Lease period likely to extend to 10 yrs. Ka-226T procurement from Russia stuck. HAL's LUH yet to qualify auto-pilot. IAF, Navy also…

The Hindu

HAL and Argentina Defence Ministry sign LoI for light and medium utility helicopters

Hindustan Aeronautics Ltd. (HAL) and the Ministry of Defence of Argentina on Thursday signed a letter of intent (LoI) on productive cooperation and acquisition of light and medium utility helicopters for the armed forces of the Argentine Republic.

The Hindu

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Nod for multi-role chopper by early 2024; Safran, HAL to set up firm in Bengaluru

The IMRH, expected to be ready by the end of this decade, is meant to replace the Mi-17s in service

The Hindu

India, France set to co-develop jet engine

India and France have announced that they will extend their defence cooperation in advanced aeronautical technologies by supporting the joint development of a combat aircraft engine and also an engine for the Indian multi-role helicopter (IMRH) being designed and developed by Hindustan Aeronautics Limited.

The Hindu

India-U.S. defence deals should stop Opposition’s ‘crocodile tears’ over HAL: Finance Minister Nirmala Sitharaman

The recent India-U.S. defence cooperation agreement, Indian Finance Minister Nirmala Sitharaman said, should end the Opposition’s criticism of HAL. Read more on The Hindu.

The Hindu

As part of UAV deal with U.S. firm, India is expected to develop some components locally

As part of the process to conclude the deal for procurement of 31 MQ-9B armed High Altitude Long Endurance (HALE) Unmanned Aerial Vehicles (UAV), the Defence Ministry is expected to issue the Letter of Request (LoR) to the U.S. by first week of July

The Hindu

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Explained | Why is the U.S.-India fighter jet deal important?

With General Electric and Hindustan Aeronautics Limited signing a memorandum of understanding to co-produce F414 engines in India, how will it boost IAF strength? Will the U.S. government and Congressional approvals come through for the deal?

The Hindu

India-U.S. push for jet engine production has better chances than ever before, say experts

The jet engine technology deal announced during Prime Minister Narendra Modi’s visit to the U.S. bears some resemblance to the India-U.S. Civil Nuclear Deal in the manner it was pushed through by Washington and New Delhi.

The Hindu

Jet engine deal ensures 80% technology transfer to HAL; first engine in three years

The jet engine deal with US is an “almost done” deal and will see 80% technology transfer by General Electric (GE) to Hindustan Aeronautics Limited (HAL). The first engine will roll out three years after the contract is ready.

The Hindu

MoU between General Electric and Hindustan Aeronautics Limited — an opportunity for India to master jet engine technologies

Memorandum of Understanding between General Electric and Hindustan Aeronautics Limited for the manufacture of GE F-414 jet engines in India, heralds a major high-technology cooperation between the oldest and largest democracies, which the U.S. has shared with very few of its closest allies.

The Hindu

As Biden, Modi meet, a flurry of US and India deals

A slew of deals, including landmark decision for GE to jointly make in India engines for fighter jets, were announced.

Al Jazeera

US eyes plum arms deals with India during Modi’s first state visit

The US is hoping the first state visit by Indian Prime Minister Narendra Modi this week will mark the beginning of a lucrative military partnership between the two countries.

Radio France Internationale

IAF deputy chief flies Series Production Trainer of LCA Tejas

Air Marshal Ashutosh Dixit, Deputy Chief of the Air Staff (DCAS) visited National Flight Test Centre, Aeronautical Development Agency and Hindustan Aeronautics Limited (HAL) Tejas Division in Bengaluru to assess the progress of the indigenous combat aircraft projects.

The Hindu

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The Hindu

Armed drone deal with U.S. firm likely to be announced during PM’s visit

The Defence Acquisition Council (DAC) approved the deal for procurement of armed Predator Unmanned Aerial Vehicles (UAV) from General Atomics of the U.S., defence sources confirmed which paves the way for an announcement during Prime Minister Narendra Modi’s visit next week.

Nottingham Post

Heathrow Airport strikes to hit popular holiday weekends this summer

The union warned more may come

Evening Standard

When are Heathrow Airport staff striking? Workers call off first summer walkout

Staff have cancelled the industrial action planned for the June 24 and 25

Daily Mirror

Heathrow airport strikes: 31 days of new walkouts announced - see exact dates

Security officers at Heathrow Airport are set for a massive 31 day walkout that will hit some of the busiest periods of the summer holidays

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The Hindu

Aerospace firms Garuda, Naini team up for drone manufacturing

Chennai headquartered drone start-up Garuda Aerospace and Naini Aerospace engineering Limited (NAeL), a wholly owned subsidiary of HAL (Hindustan Aeronautics Limited) under the administrative control of the Ministry of Defence, have signed a joint development partnership to manufacture Advanced Precision Drones.

The Hindu

India's Hindustan Aeronautics posts first drop in profit in 10 quarters

India’s Hindustan Aeronautics Ltd (HAL) on May 12, reported its first decline in profit in 10 quarters, hurt by higher input costs and tax expenses.

Dynamite News

Bengaluru: Army colonel's brother beaten up for protesting loud music, succumbs

An army officer's brother succumbed to injuries in Bengaluru after three drunken men allegedly assaulted him and his sister for raising objection to loud music, police said on Wednesday. Read further on Dynamite News:

Wales Online

Heathrow Airport security guards to walk out over pay dispute

The union members will walk out for 10 days, but the airport says it has a contingency plan in place

Evening Standard

Easter holidaymakers facing disruption as Heathrow security guards strike goes ahead

British Airways has said it expects to cancel up to 32 flights a day as a result of the action

The Independent UK

Easter strikes at Heathrow Airport to go ahead after talks collapse

Around 1,400 members of Unite will walk out for 10 days

StockNews.com

Don't Miss the Momentum on These 4 Energy Stocks

With indications of a more considerate monetary stance from the Fed, energy stocks Marathon Petroleum (MPC), Valero Energy (VLO), Halliburton (HAL), and NexTier Oilfield Solutions (NEX) could be attractive investments to benefit from an expected uptick in energy prices. Continue reading….

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