Security and defense company Saab of Sweden has sold its stake – approximately 3.3 percent – in Pipavav Defense and Offshore Engineering Company Limited to Reliance Defense Systems. The value of the transaction was not revealed, but it forms part of Reliance Defense's efforts to expand its ownership in Pipavav....
Indian, Foreign Contenders Partner on Navy Bid
India's Ministry of Defense reissued a request for proposal to three local private sector shipyards to build four amphibious assault ships for about $4 billion. All three contenders are permitted to enter into joint ventures with foreign original equipment manufacturers. ABG Shipyard, Larsen & Toubro, and Pipavav Defence & Offshore...