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Sunday, October 29, 2006

India, Russia to produce 1000 BrahMos cruise missiles by 2016


India and Russia intend to make 1,000 BrahMos supersonic cruise missiles over the next 10 years through their joint venture company, with nearly 50 per cent of them expected to be sold in third countries, defense sources said today.

"We already have a capacity to produce 100 missiles a year. One thousand missiles in 10 years is a reasonable target. Nearly 50 per cent will go to exports," a source told PTI.

India and Russia have so far invested 300 million dollars in BrahMos Aerospace, which was established to design, develop, produce and market the missile by using the technological skills and capabilities of both countries.

Prime Minister Manmohan Singh announced last month that BrahMos (named after the Brahmaputra and Moskva rivers) has been inducted into the Indian Navy.

Speaking to PTI here, BrahMos Aerospace CEO A Sivathanu Pillai said the missile's land-based version is expected to be inducted into the Army next year.

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