Brahmand NewsPrevious Article
Brahmand NewsNext Article
Headlines
  • Chandrayaan 2 successfully enters orbit around Moon:-In a major milestone for India's Moon mission, the Chandrayaan-2 spacecraft successfully entered the lunar orbit on Tuesday. Lunar Orbit Insertion (LOI) maneuver was completed successfully at 0902 hours as planned, using the onboard propulsion system, the Bengaluru headquartered space agency said in a statement....
  • Pak Army chief Gen Bajwa gets three-year extension:-Pakistan Army chief General Qamar Javed Bajwa's term has been extended for another three years by Prime Minister Imran Khan in view of the "regional security environment", an official announcement said on Monday....
  • Indian Navy frigate INS Tarkash reaches port in Spain:-INS Tarkash, a state-of-the-art stealth frigate of the Indian Navy equipped with a versatile range of weapons, arrived in Spain on Monday for a three-day visit as part of Western Fleet Overseas Deployment, officials said....
  • Sri Lanka names controversial field commander as Army chief:-A controversial Sri Lankan field commander, accused of grave human rights abuses during the country's 26-year civil war, has been appointed the new Army Commander, the President's office announced Monday....

France says does not rule out privatising arms firm Nexter

Line Spacing+- AFont Size+- Print This Article

ROANNE, FRANCE (AFP): France has not ruled out privatising the arms manufacturer Nexter, Defence Minister Gerard Longuet has said, as electronics giant Thales prepared to take a stake in the firm.

Nexter -- which produces tanks, artillery and ammunition for the French army and for export -- turned over USD 1.45 billion in 2010 and is eyeing major contracts to provide mobile howitzers to India and Malaysia.

The firm was born out of military contractor Giat Industries, but is now a state-controlled civilian body.

Longuet has previously said that Thales will take a 10 to 20-percent stake, and seek to boost ammunition exports.

Trade unions representing Nexter workers have accused the government of seeking to privatise the firm by stealth. On Thursday, Longuet said that, while this is not yet on the agenda, it has not been ruled out.

"The state has the firm intention to remain boss of this business right now, this instant. But, for all that, is the situation set in stone? No," he said, during a tour of the Nexter plant in Roanne, in central France.

Tags:

France  Nexter  
Line Spacing+- AFont Size+- Print Article

Other Related News

Defence Minister chairs first DAC meeting, clears BRAHMOS mobile coastal battery for Navy

To give a boost to indigenisation, the Defence Acquisition Council (DAC), chaired by Defence Minsiter Rajnath Singh, on Thursday accorded approval for procurement of indigenous Software Defined Radio (SDRTactical) and Next Generation Maritime Mobile Coastal Batteries (Long Range) for the Indian Navy.

Upcoming Defence Exhibitions

BRAHMOS Missile Systems

Headlines

Brahmand World Defence Update 2019

Image Gallery