Corporate News     02-Mar-23
Hindustan Aeronautics bags order for supply of 70 HTT-40 Basic Trainer Aircrafts for IAF
The Union Cabinet has approved procurement of 70 HTT-40 Basic Trainer Aircraft from Hindustan Aeronautics (HAL) for the Indian Air Force at a cost of Rs 6,828.36 crore. The aircraft will be supplied over a period of six years.

The HTT-40 is a turbo prop aircraft and is designed to have good low speed handling qualities and provide better training effectiveness. This fully aerobatic tandem seat turbo trainer has air-conditioned cockpit, modem avionics, hot re-fueling, running change over and zero-zero ejection seats. The aircraft will meet the shortage of basic trainer aircraft of IAF for training of newly inducted pilots. The procurement will include associated equipment and training aids including simulators. Being an indigenous solution, the Aircraft is configurable for upgrades to incorporate the futuristic requirements of the Indian Armed Forces.

The HTT-40 contains approx. 56% indigenous content which will progressively increase to over 60% through indigenisation of major components and subsystems. The HAL would engage Indian private industry, including MSMEs, in its supply chain. The procurement has the potential to provide direct employment to approx. 1,500 personnel and indirect employment for up to 3,000 people spread over more than 100 MSMEs.

Previous News
  Tata Motors, HAL, RVNL, Adani Enterprises will be watched
 ( Market Commentary - Stock Alert 14-Mar-24   08:37 )
  Hindustan Aeronautics announces cessation of senior management
 ( Corporate News - 29-May-24   14:57 )
  HAL wins order of Rs 8073 cr from Ministry of Defence
 ( Corporate News - 14-Mar-24   09:10 )
  Hindustan Aeronautics announces change in directorate
 ( Corporate News - 02-Jun-23   10:26 )
  Hindustan Aeronautics announces changes in senior management
 ( Corporate News - 28-Dec-23   10:00 )
  HAL rises on receiving income tax refund of Rs 791 cr
 ( Hot Pursuit - 31-Mar-23   12:03 )
  Hindustan Aeronautics consolidated net profit rises 90.67% in the March 2022 quarter
 ( Results - Announcements 13-May-22   16:36 )
  Hindustan Aeronautics announces cessation of director
 ( Corporate News - 01-Jul-22   15:32 )
  HAL drops as OFS begins
 ( Hot Pursuit - 23-Mar-23   12:53 )
  Hindustan Aeronautics schedules board meeting
 ( Corporate News - 25-Jan-23   11:31 )
  Nifty November futures trade at premium
 ( Market Commentary - Futures Market 10-Nov-23   16:36 )
Other Stories
  GRP schedules AGM
  01-Jul-24   20:01
  Mahindra & Mahindra domestic PV sales jump 23% in June
  01-Jul-24   20:01
  Vipul Organics constructs new factory in Ambernath, Maharashtra
  01-Jul-24   20:00
  Greaves Engineering launches range of new CPCB IV+ Compliant Gensets
  01-Jul-24   19:41
  Godrej Properties to develop 7-acre land in Thanisandra, North Bengaluru
  01-Jul-24   19:39
  Rama Phosphates AGM scheduled
  01-Jul-24   19:34
  Take Solutions to convene AGM
  01-Jul-24   19:34
  Fischer Medical Ventures partners with Singapore-based Nervotec
  01-Jul-24   19:29
  NIIT appoints Pankaj Jathar as Chief Executive Officer
  01-Jul-24   19:27
  Dynacons Systems recognized as India's Leading Listed ESG Entities 2024
  01-Jul-24   19:26
Back Top