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Friday, June 19, 2015

Lift ban on blacklisted co for torpedo deal: Navy

Black Shark heavyweight torpedeoWhat is the use of a gun without bullets? Or a shark, even if a metal one, without teeth? Using this logic, the Navy has sought a waiver from the government to ink the Rs 1,800 crore deal with Italian conglomerate Finmeccanica for torpedoes to arm its Scorpene submarines.

With the first Scorpene INS Kalvari set to head for year-long extensive trials this August, Navy has pressed the panic button of "critical operational necessity" for the acquisition of 'Black Shark' torpedoes from Finmeccanica subsidiary Whitehead Alenia Sistemi Subacquel (WASS).

All fresh deals with Finmeccanica are banned under the graded blacklisting norms notified for the conglomerate in August last year due to the fallout of the infamous VVIP helicopter scam, in which another of its subsidiaries AgustaWestland was the accused.

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