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Sources said these 15 maritime reconnaissance aircraft will be the marine versions of the C-295 medium lift tactical aircraft inducted by the IAF last year. Of the 15, nine will be for the Navy and six for the Coast Guard.

Defence Ministry on Thursday signed two separate contracts with Bharat Electronics Limited (BEL), at a total cost of over Rs 3,700 crore, to enhance the operational capabilities of the Indian Air Force.

A spate of recent orders under the Indigenously Designed Developed and Manufactured (IDDM) category have led to investor focus on defence stocks. Actually, the defence index has been an outperformer for a long while with public sector undertakings (PSUs) like Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Bharat Dynamics (BDL), Garden Reach Shipbuilders Engineers (GRSE), Cochin Shipyard and Goa Shipyard being beneficiaries of the policy.

Of the 11 ships, seven will be indigenously designed, developed and manufactured by GSL and four by GRSE. The delivery of the ships is scheduled to commence in September 2026.

Shares of Bharat Electronics Ltd (BEL), Bharat Dynamics Ltd (BDL), Garden Reach Shipbuilders and Engineers (GRSE), Cochin Shipyard, and Paras Defence and Space Technologies settled 4-7 percent higher.

The Lynx-U2 System is a Naval Gun Fire Control System developed indigenously and is capable of accurately tracking and engaging targets

Get latest articles and stories on India at LatestLY. The defence ministry on Thursday signed a contract with Bharat Electronics Limited for the procurement of 13 Lynx-U2 fire control systems for the Navy at a cost of over Rs 1,700 crore, officials said. India News | Aatmanirbhar Bharat: MoD Signs Contract with BEL for 13 Lynx-U2 Fire Control Systems for Navy.

The Ministry of Defence signed three contracts – two with Bharat Electronics Limited, Ghaziabad and one with New Space India Limited – at a total cost of

The Lynx-U2 system is a naval gun fire control system designed and developed indigenously. It is capable of accurately tracking and engaging targets amid sea clutter as well as air or surface targets, the government said in a statement

The fourth generation, completely indigenous systems, will be installed on New Generation Offshore Patrol Vessels to be built indigenously at Garden Reach Shipbuilders and Engineers and Goa Shipyard Limited.