Mahindra Defence is partner in contract.
NEW DELHI. The Defence Acquisition Council (DAC) has approved the additional costs on account of customs duty for the procurement of 145 M777 ultra-light howitzers (ULH) for the Indian Army. It also cleared the incorporation of Mahindra Defence as a party, clearing the final obstacles to the contract which could now be signed as early as next month.
“Variations between India’s Letter of Request and the US Letter of Acceptance in this Foreign Military Sales (FMS) proposal have been reconciled with these DAC approvals, sources confirmed to India Strategic shorty after the decision on October 21. The deal now requires a final go-ahead by the Cabinet Committee on Security (CCS).
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