30 Nov '16, 3pm

India Signs $737M Ultralight Howitzer Contract

NEW DELHI — India has signed a much awaited $737 million contract for the procurement of 145 M777A2 LW155 ultralight howitzers. The deal was inked Monday with the original equipment manufacturer, the US subsidiary of BAE Systems. A formal Foreign Military Sales (FMS) agreement will be signed with the US government on Thursday, according a top Ministry of Defence (MoD) official. BAE Systems executives here were unavailable for comment. India wants the guns delivered as quickly as possible, however no details have been officially announced by the MoD. BAE Systems partnered with Indian private sector defense company Mahindra Defence Systems to assemble 120 ultralight howitzers, and a remaining 25 of the guns will be supplied within the next three years. The Indian Army is seeking a total of 220 ultralight howitzers over the next 15 years. As per prescribed terms and condition...

Full article: http://www.defensenews.com/articles/india-signs-737m-ultr...

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