Boeing awarded Harpoon missile system contract

[skyisthelimit]

http://www.hindustantimes.com/india...ms-to-india/story-LdfxpYyEuOYGhtMFFYPrZK.html

The Unites States department of defence awarded Boeing a 81 million dollar contract for the supply of 22 Harpoon missile systems to India.

A US defense department release said the weapon manufacturer is being given $81,271,024 (Rs 542 crore approximately) for firm-fixed-price modification to a previously awarded firm-fixed-price contract meant for the procurement of 22 Lot 89 Harpoon missiles and associated containers and components for India under the Foreign Military Sales programme.

The missiles will be manufactured at several places in the United States, with the majority of them being in St Charles, Missouri. Some manufacturing process will also be done in the United Kingdom.

The missiles are expected to be ready in June 2018.

India requested the US government in 2014 for the Harpoon missiles to equip its Shishumar class submarines. The request was made under Foreign Military Sale.

The estimated cost for the consignment is $200 million.

The US Defence Security Cooperation Agency said the weapon system, to be employed on the Shishumar class submarine (Type-209), will provide enhanced capabilities for defence of critical sea lines of communication.

“India has already purchased Harpoon missiles for integration on Indian Air Force’s Jaguar aircraft and Indian Navy’s P-8I maritime patrol aircraft. India will have no difficulty absorbing these additional missiles into its armed forces,” it added.

Sources in the industry said that a contract for the same was signed this June between defence ministries of India and US.

To execute this contract, the US government has to buy the missiles from Boeing to supply to India.

 

[LadyFinger]

Making money through arms supply.

 

[#hydra#]

Making money through arms supply.

And Pakistan starving its own people by supplying arms to kashmiri terrorists.

 

[LadyFinger]

No one is supplying

 

[kaykay]

Harpoons on Shishumar class and Klubs on Indian kilos. Good.

 

[wiseone2]

Making money through arms supply.

for a change
instead of using tax payer money to pay for other countries militaries

 

[LadyFinger]

Yeah business is business and war is big business. Cannot close your eyes, arms industry makes huge money.

for a change
instead of using tax payer money to pay for other countries militaries

 

[#hydra#]

Yeah business is business and war is big business. Cannot close your eyes, arms industry makes huge money.

Most lucrative industry along with po*n and drug trafficking.

 

[wiseone2]

Yeah business is business and war is big business. Cannot close your eyes, arms industry makes huge money.

it costs money to build weapons
Lockheed Martin has a market cap of $75 billion with a P/E of 20
They make $3.5 billion in profits which is not exactly a huge amount

 

[nang2]

how is this related Indian defense?

 

[dadeechi]

how is this related Indian defense?

Because India is the one which is procuring....

 

[LadyFinger]

It is a very big costly business that makes huge profits given the nature of its work. Lockheed Martin is one company, your denial doesn't mean anything. The world knows it, so no! you're not the only 'wiseone' around.

it costs money to build weapons
Lockheed Martin has a market cap of $75 billion with a P/E of 20
They make $3.5 billion in profits which is not exactly a huge amount

 

[wiseone2]

It is a very big costly business that makes huge profits given the nature of its work. Lockheed Martin is one company, your denial doesn't mean anything. The world knows it, so no! you're not the only 'wiseone' around.

Lockheed is the one of the biggest and most successful defense companies. while $3.5 billion is a large amount it pales in comparison to what oil companies make