In 2015-2019, France made a whopping 72% gain in arms sales, fueled in part by submarine sales to India and Brazil, similar to what it just lost to Australia. Its sophisticated defense industry cannot survive with domestic sales alone. Safran didn’t respond to a request for comment.The Biden administration announced a deal to help Australia deploy nuclear-powered submarines in an attempt to "reinforce alliances" and send a message to China. France on Thursday reacted with outrage to the announcements that the United States and Britain would help Australia develop submarines, and that Australia was withdrawing from a $66 billion deal to buy French-built submarines.Ĭharles Tiefer, ( ), a professor of law at the University of Baltimore School of Law, is an expert on government contracting and the Arms Export Control Act.įrance suffered a crippling blow. The joint venture solves a near three-decade problem for India, which has struggled to develop a local engine so that it can power aircraft. Modi and Macron will also discuss producing jet engines for twin-engine fighters that are under development in India, additional jets for the Indian Air Force, and nuclear reactors for a new power plant in the western state of Maharashtra, the people said. India has two-squadrons comprised of 18 Russian-made MiG-29K fighters each, which are based on INS Vikramaditya - its second aircraft carrier. The latest deal sees France closing in on Russia, which is traditionally India’s biggest weapons supplier but is slowing down deliveries due to sanctions for its war in Ukraine. This is in contrast to India’s recent agreement with GE, which is subject to clearance from US Congress, the people added. An initial agreement was signed last year.įrance is sweetening defense deals with India by offering to jointly design, manufacture and transfer jet engine technology without restrictions, the people said. Paris-based engine maker Safran and the Indian defense public sector firm Hindustan Aeronautics Limited will also set up a joint venture to produce engines for locally-made helicopters that will replace an aging Russian-made fleet, according to people familiar with the matter. New Delhi last bought 36 Rafale fighter jets for the Indian Air Force in 2015 for about €7.9 billion. US-based Boeing’s F/A-18 Super Hornets (Block III) fighters were also in the race to secure the Indian contract and the decision to buy from France reflects the government’s desire to deepen engagement beyond Washington. Dassault Aviation SA’s Paris-listed shares traded 4.1% higher. jumped as much as 18%, its biggest single-day surge since April last year. rose by its 10% daily limit while ammunition maker Bharat Dynamics Ltd. Shares of defense equipment makers in India rallied in Mumbai Tuesday as state-run Mazagon Dock Shipbuilders Ltd. have also signed an initial agreement to jointly build submarines for the Indian navy. Germany’s Thyssenkrupp AG’s marine arm and India’s Mazagon Dock Shipbuilders Ltd. to jointly manufacture the F414 engines used in fighter jets with state-owned Indian firm Hindustan Aeronautics Ltd. Last month, India signed a flurry of defense agreements with the US during Modi’s first state visit - including a project by General Electric Co. The growing closeness between Moscow and Beijing has allowed Modi to position India as a partner in Asia for Washington and its allies looking to draw New Delhi into their orbit by offering sophisticated weapon platforms and investments. A spokesperson for Dassault Aviation, which produces the Rafale jet, didn’t respond to a request for comment. India’s External Affairs and Defense Ministries didn’t comment. Modi will also attend Bastille Day celebrations on Friday. The deal is a key part of Modi’s two-day visit, which includes talks with French President Emmanuel Macron on Thursday, said the officials who asked not to be identified as the discussions are private.
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