The Defence Ministry has signed contracts worth Rs 1,577 crore with TATA Advanced Systems Limited and NIBE Private Limited for the procurement of Loiter Munition Systems for the Indian Army. The contracts were inked in New Delhi today in the presence of Defence Secretary Rajesh Kumar Singh.
The Loiter Munition System is critical equipment developed to enhance the capability of the Artillery Regiments, thereby strengthening the overall operational effectiveness of the Indian Army. The Defence Ministry said that the procurement marks a pivotal step towards modernising and empowering Indian defence industries, which will be a proud flag-bearer of a self-reliant India.
