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| MoD signs contract with Airbus Defence for acquisition of 56 C-295 MW transport aircraft for IAF | Daily Current Affairs Dose |
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MoD signs contract with Airbus Defence for acquisition of 56 C-295 MW transport aircraft for IAF | Daily Current Affairs Dose
The Ministry of Defence (MoD) signed a contract with Airbus Defence and Space, Spain for acquisition of 56 C-295MW transport aircraft for the Indian Air Force, on September 24, 2021.
Key Highlights
The Ministry of Defence (MoD) has also signed an Offset Contract with Airbus Defence and Space through which Airbus will discharge its offset obligations through direct purchase of eligible products and services from Indian Offset Partners. These contracts were signed following the approval accorded by the Cabinet Committee on Security earlier this month.
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The induction of C-295MW will be a significant step towards modernisation of the transport fleet of the Indian Air Force (IAF). It is a transport aircraft of 5-10 tone capacity with contemporary technology that will replace the ageing Avro transport aircraft of IAF.
Out of 56, forty aircraft will be manufactured in India by TATA Consortium
The project will provide a major boost to the ‘Atmanirbhar Bharat Abhiyan’ of the Government that offers a unique opportunity for the Indian private sector to enter into technology intensive and highly competitive aviation industry. Out of 56, forty aircraft will be manufactured in India by TATA Consortium. All the deliveries will be completed within ten years of signing of the contract. All 56 aircraft will be installed with indigenous Electronic Warfare Suite. After completion of the delivery, the subsequent aircraft manufactured in India can be exported to countries which are cleared by the Government of India.
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The project will give a boost to the aerospace ecosystem in India wherein several MSMEs spread over the country will be involved in manufacturing parts of the aircraft. The program will also involve development of specialised infrastructure in the form of hangars, buildings, aprons and taxiways.
Important facts for upcoming exams from the above Current Affairs Topic
- Formation of Airbus: 17 January 2014
- CEO of Airbus: Dirk Hoke
- Headquarters of Airbus: Taufkirchen, Germany
- Number of employees in Airbus: 40,000
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