Thursday, October 24, 2013

M-777 ULH Production Line Suspended, 200 Workers Lose Jobs, Non-Communication From Indian MoD !!

The production line of the BAE Systems' M-777 ULH has been suspended in the UK, with approximately 200 workers becoming jobless, due to the non-communication from the Indian Ministry of Defence (MoD) on the 209 million dollar deal for the 145 guns for the Indian army, for their artillery modernisation programme.. Dean McCumisky-Managing Director &; Chief Executive-India, just said at the BAE cocktails, that the last communication recieved from MoD was a month ago, where BAE was asked about some changes and revisions in the offset programme, (there are 30% offsets here) which was replied to by BAE within 48 hours. After that BAE has not heard anything. The commercial bid expired on October 15, 2013. 

The deal is govt-to-govt (FMS) totally. BAE has apparently spent approximately 50 millions in the past year to keep the line afloat, whose sole customer was India.

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