3 Indian entities - HAL, BEL & OFB among world's top 100 arms manufacturers

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  1. Harry Potter
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    Three Indian entities - HAL, BEL and OFB among world's top 100 arms manufacturers.
    27 Feb, 2012, 04.18PM IST, IANS

    NEW DELHI: Two Indian companies - Hindustan Aeronautics Limited (HAL) and Bharat Electronics (BEL) - and one entity - the Ordnance Factories Board (OFB) - figure in the top 100 list of arms manufacturers released by disarmament watchdog SIPRI ( Swedish International Peace Research Institute) for 2010.

    HAL (aircraft and missiles) is placed 34 with total sales of $2.7 billion. Of this, arms sales accounted for 90 percent at $2.4 billion. HAL, in fact, climbed four places from 38 in 2009, when it posted total sales of $2.1 billion.
    :yahoo:
    The OFB (artillery, small arms and ammunition) was ranked 46, up from 55 in 2009. Its total sales were at $2.4 billion, with arms sales bringing in $1.9 billion or 80 percent of its revenues.:)

    BEL (electronics) fell to 71 from 67, with total sales of $1.2 billion, of which arms accounted for $970 million or 80 percent of its revenues.:tdown:

    Interestingly, HAL is one notch above the highest-ranked Israeli company - Elbit Systems (electronics) - which is at 35, down from the 29th it was in 2009. Its total sales in 2010 were $2.6 billion, with arms accounting for $2.4 billion.:azn:

    India might be sourcing 70 percent of its military hardware from Russia but the highest-ranked Russian company in the list is missile manufacturer Almaz-Antei at 20. Its total sales were $4.4 billion, with arms accounting for $3.9 billion.

    The only other Russian company in the top 25 is United Aircraft Corporation at 21, with total sales of $4.2 billion and arms sales of $3.4 billion.

    RIA Novosti adds: US military hardware major Lockheed Martin was the biggest arms vendor in 2010 with sales of $35.7 billion, 78 percent of its total sales of $45.8 billion.

    Only three companies in the top ten of the SIPRI Yearbook 2012 are not from the US - Britain's BAE Systems (second with sales of $32.9 billion), Europe's EADS (seventh with sales of $16.4 billion) and Italy's Finmeccanica (eighth with sales of $14.4 billion).

    "The total arms sales (including sales of military services) of the SIPRI Top 100 maintained their upward trend in 2010, although at 1 percent in real terms, the increase was much slower than in 2009," a SIPRI press release said.

    "The data for 2010 demonstrates, once again, the major players' ability to continue selling arms and military services despite the financial crises currently affecting other industries," SIPRI arms industry expert Susan Jackson said.

    Three Indian entities - HAL, BEL and OFB among world's top 100 arms manufacturers - The Economic Times
  2. ARCHON
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    ARCHON SENIOR MEMBER

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    great news for industry..:cheers:
  3. Foo_Fighter
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    This is indeed very good news.

    Hope to break the top 10 barrier in next 5-6 years.
  4. Major.
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    Major. FULL MEMBER

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    Surprised seeing Indian companies....is this production or export....and which rank is Pakistan aviation industry which produces a plane....dont remember the planes name but heard it flies....
  5. Foo_Fighter
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    Foo_Fighter FULL MEMBER

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    Sir,

    I think the rant is really not required. It will become another argument where it is not required. Please its a genuine request.

    regards
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  6. illusion8
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    illusion8 ELITE MEMBER

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    The ranking is based on sales made, as India's defense market grows so will the rankings. But getting into the top ten is quite distant. The west have huge defense companies investing heavily on R&D and heavy experienced production lines. Indian companies can do well if it manages to remain in the II tier presently cos we are at a very nascent stage in development and R&D.
  7. Major.
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    Major. FULL MEMBER

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    Seriously nothing to rant...it's just that i have got some proof to prove to all the ppl who troll saying something or the other when ever there is news about LCA. Just check out in today's N-LCA thread, you will get to knw how they are ranting there....And most of the time they are proud in saying that they have a plane which has be built in pak and inducted....if so then there industries should be better than us right....??? Bcoz we have built a fighter which is still in testing fo 10yrs and not been inducted...Then how come our industry rank above there's...???

    And the most funny part is ppl in pak are so obsessed with India that...they have do what ever india does... for eg:-
    1. If we build a fighter plane, they also have to build
    2.if we build nuke Sub, they also should build
    3. If we have nuke bomb, they should also have
    4. We have eradicated polio, they are also giving reasons(Afghanistan war) why they couldn't

    So just out of curiosity i asked where does their industry stand, when they are ahead of us according to them...??? if they dont rank above us it just proves where they stand...
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  8. God of Death
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    1. If one goes by the order of Su-30 MKI, MMRCA, Tejas, LCH, LOH, ALH-wsi (Rudra), MTA, PAKFA etc. etc. list is very long.

    Then HAL will move into top 20 companies very soon from present rank of 34. :tup:

    2. Same with the BEL it will also zoom ahead as apart from Akaash missile, Tetra trucks, Radars, EW systems it have orders of billions of dollars. :tup: