The South Korean Samsung Techwin (STW) and its Indian partner Larsen & Turbo Ltd. (L&T) announced today a teaming agreement addressing the development and production of the ‘K9 Thunder’ self-propelled artillery system (SPG) in India.
Bowed to pressure from the Navy, India’s ministry of defense (MoD) has ruled that foreign and government owned shipyards will be allowed to compete for the construction of new Project 75I submarines. This decision is a blow to the private sector shipyards such as Larsen & Turbo (L&T), ABG Shipyard and the Pipavav Shipyard that have counted on the program for defense-related contracts.
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