CABINET COMMITTEE ON SECURITY HAS CLEARED THE ACQUISITION OF OVER 200 BRAHMOS
News: The Cabinet Committee on Security has cleared the acquisition of over 200 BrahMos extended-range supersonic cruise missiles for deployment on its warships. The estimated cost of this is ~Rs 19,000 crore. The contract is expected to be signed in the first week of March between the BrahMos Aerospace and Ministry of Defence.
Views: Data Patterns would be one of the major beneficiaries from procurement of Brahmos missiles as the company is involved in supplying key systems like automated test equipment, checkout systems to Brahmos. Premier Explosives would also benefit as the company is involved into supply of propellants for these missiles.
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