India clears deal to locally produce Russian AK-203 rifles

by Rahul Bedi

India's Defence Acquisition Council (DAC), headed by Defence Minister Rajnath Singh, has approved the procurement of 671,000 locally produced Russian Kalashnikov AK-203 assault rifles for the Indian armed forces, it has been confirmed to Janes .

Indian Army sources said the DAC approval will enable a contract, valued at INR51.24 billion (USD690 million), to be signed with Russia during President Vladimir Putin's visit to India in early December.


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BigBear.ai nears becoming public company

by Marc Selinger

US information technology business BigBear.ai, which announced in June that it would become a publicly traded company, said on 3 December that it expects to complete the process within days.

BigBear.ai said its merger with a publicly held special-purpose acquisition company will be completed on or about 7 December and that the combined entity, which will adopt the BigBear.ai name, will begin trading on the New York Stock Exchange (NYSE) on 8 December. The company declined to say why it will be listed on the NYSE instead of the Nasdaq as originally planned.


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Avon Protection nears unveiling results of body armour business review

by Marc Selinger

Avon Protection, which has been conducting a “strategic review” of its body armour business, plans to disclose the outcome of that review on 15 December, according to a spokesperson for the UK-based company.

The disclosure will coincide with Avon's release of its fiscal year (FY) 2021 financial results, the spokesperson told Janes on 2 December.

Avon announced in mid-November that it was launching the review after the body armour business experienced problems with products intended for two US customers.


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Brazilian Army merges AFV programmes in reorganisation

by Victor Barreira

The Brazilian Army is merging its principal wheeled and tracked armoured fighting vehicle (AFV) projects, Colonel Marcelo Yoshida of the Army High-Staff revealed at the 10th Conference of Systems and Military Technology, held in Brasília from 23 to 26 November.

The existing Army Strategic Program Guarani (Prg EE Guarani) and Army Strategic Subprogram Armoured Forces (SPrg F Bld) – part of the wider Army Strategic Program Obtaining Full Operational Capability (Prg EE OCOP) – will be merged into a single effort designated Army Strategic Program Armoured Forces (Prg EE F Bld) on 1 January 2022.


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https://www.janes.com/defence-news/weapons-headlines/latest/india-clears-deal-to-locally-produce-russian-ak-203-rifles

India's Defence Acquisition Council (DAC), headed by Defence Minister Rajnath Singh, has approved th...

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