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September 17, 2013

Indian DAC approves acquisition of additional six C-130J aircraft

The Indian Defence Acquisition Council (DAC) has approved the national Air Force's procurement of six additional C-130J Super Hercules aircraft at a cost of INR40bn ($635m) from the US, an unnamed defence source have revealed.

IAF C-130J aircraft

The Indian Defence Acquisition Council (DAC) has approved the national Air Force’s procurement of six additional C-130J Super Hercules aircraft at a cost of INR40bn ($635m) from the US, an unnamed defence source have revealed.

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Quoted by Press Trust of India, the source said that the aircraft will be acquired through the foreign military sales (FMS) route between the Indian and US governments.

Meanwhile, the deal will now be transferred to the Cabinet Committee on Security for the final approval, the sources added, noting that the new aircraft will be based at Panagarh in West Bengal.

Panagarh serves as headquarters of the Indian Army’s newly created Mountain Strike Corps for operations along the India-China border, according to the news agency.

"The aircraft will be acquired through the foreign military sales route between the Indian and US governments."

An undisclosed senior defence ministry official was quoted by NDTV as saying: "With its ability to land almost anywhere, the additional C-130J will give the Mountain Strike Corps ability to move around troops and rush reinforcements along the front at a very short notice."

The Indian Air Force (IAF) currently operates six C-130J Super Hercules aircraft, which were acquired under a $1.2bn FMS deal from US in early 2008, from Hindon Airbase, near Delhi, for special operations.

Manufactured by Lockheed Martin, the C-130J Super Hercules is designed for airborne assault, search-and-rescue (SAR), scientific research support, weather reconnaissance and aerial refuelling, as well as maritime patrol and aerial fire fighting missions.

Fitted with a glass cockpit, digital avionics and a new propulsion system with a six-bladed propeller, the aircraft is a longer fuselage or stretched combat delivery variant of legacy C-130 Hercules, and can accommodate a payload of up to 20t and over 90 passengers.

The aircraft is operational with air forces in Australia, Canada, Denmark, Iraq, Israel, Italy, Kuwait, Norway, Oman, Qatar, the UK and the US.


Image: The Indian Air Force’s C-130J Super Hercules aircraft stationed at Hindon Airbase, near Delhi, India. Photo: courtesy of Hemant.rawat1234.

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IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
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