Indo-Russian joint venture BrahMos Aerospace has received orders from the Indian armed forces to deliver supersonic cruise missiles worth $4bn, BrahMos Aerospace chief executive and managing director A Sivathanu Pillai has said.
The orders by the army, navy and air force would be executed in the next five-six years and are projected to be worth around $10bn over the next ten to 15 years.
The cruise missile, with a range of 290km, is already in service in the army and navy, while both air and under-water versions are currently under development.
Both countries were augmenting capacity to manufacture the missiles to meet the growing demand.
The company is also planning to develop hypersonic reusable missiles with Russia, according to the Press Trust of India.