The Latest Breaking News from HAL

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….

NEW DELHI: With the aerospace and defence company Hindustan Aeronautics Limited’s (HAL) shares registering impressive growth, the BJP has hit Congress leader Rahul Gandhi hard for running a campaign against Prime Minister Narendra Modi accusing the latter of weakening the public sector company.

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.

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

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 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 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.

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.

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