Pipavav Shipyard, Babcock to jointly build aircraft carrier for Indian Navy

[xataxsata]

Pipavav Shipyard, Babcock to jointly build aircraft carrier for Indian Navy

The statement said Pipavav will also look for forming joint ventures ‘to build similar lead battle ships for friendly countries’.

Mumbai: Pipavav Shipyard Ltd has signed an agreement with UK’s Babcock group to jointly built aircraft carriers for the India Navy.

This is the first time that such important co-operation for lead battle ships between a global firm and Indian private shipyard has taken place, paving the way for India to be self-sufficient for such vital assets, according to a Thursday filing to the Bombay Stock Exchange (BSE).

However, the filing did not say whether there would be an equity participation by Babcock. Mint could not immediately contact Pipavav Shipyard executives for comment.

The statement said Pipavav will also look for forming joint ventures “to build similar lead battle ships for friendly countries.”

Babcock group is the UK’s leading naval support firm. It builds aircraft carriers, manages naval bases, undertakes refitting, refuelling and decommissioning of submarines, maintaining and refitting warships and providing equipment support.

Pipavav Shipyard is in advanced talks to sell a minority stake to an international shipyard, according to two company executives, who declined to be named.

In November 2010, Pipavav Shipyard had received necessary approvals to build warships for the Indian Navy. The company has also received clearance from the Foreign Investment Promotion Board, permitting the company to receive foreign direct investment.

Pipavav Shipyard, Babcock to jointly build aircraft for Indian Navy - Corporate News - livemint.com

 

[Shinigami]

kerala is building india's first 2 aircraft carriers. am i right?

 

[Mech]

kerala is building india's first 2 aircraft carriers. am i right?

yes. Infact i have been to the cochin shipyard and saw it for myself.

 

[GUNS-N- ROSES]

very good news for indian ship building industry.

 

[SpArK]

Mumbai: Pipavav Shipyard Ltd has signed an agreement with UK’s Babcock group to jointly built aircraft carriers for the India Navy.

Babcock... thats sounds familiar..

Also saw it in another news from today...

Aircraft carrier costs could rise to £7bn
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The cost of building two new aircraft carriers for the navy, which has already risen significantly because of delays, has soared and could eventually total as much as £7bn, it has emerged.

The latest increases are largely the result of a decision in last year's defence review to equip HMS Prince of Wales, the second of the carriers due to enter into service by 2020, with aircraft catapults and traps.

The first carrier, HMS Queen Elizabeth, will be mothballed when it is completed, leaving Britain without a carrier able to take aircraft for 10 years.

The carriers were officially estimated to cost less than £4bn when they were announced in 2007. The estimate rose to £5bn last year after the Ministry of Defence decided to delay the construction programme to put off costs. Short-term savings led to cost increases in the longer term.

"Cats and traps" will enable the Prince of Wales to be equipped with the naval version of the US Joint Strike Fighter, cheaper than the hugely expensive short take-off and vertical landing version the MoD initially decided to buy. It will also mean that British and French planes could land on each other's carriers, a feature outlined in the British-French defence co-operation agreement signed last year.

The new estimate that the two carriers could now cost £6bn and possibly £7bn is believed to have been suggested by the makers, the Aircraft Carrier Alliance consisting of BAE Systems, Thales and Babcock.

The MoD said: "The conversion of the Queen Elizabeth Class will allow us to operate the carrier variant of the Joint Strike Fighter that carries a greater payload, has a longer range and is cheaper to purchase."

It added: "Final costs are yet to be agreed and detailed work is ongoing. We expect to take firm decisions in late 2012."

Critics of the defence review argue that the Ark Royal and Harrier jumpjets, scrapped last year, would have given Britain much cheaper options over Libya than the Tornados the RAF is relying on for air strikes. The government argues that the Tornados can carry more modern missiles and have a greater range.

Aircraft carrier costs could rise to £7bn | UK news | The Guardian

 

[Abingdonboy]

Does this have any bearing on the IN ACCs already being built (IAC 1) and will it have any effect on IAC 2 which if I'm right is still in final design stages?

 

[Kinetic]

Pipavav seriously pitching for aircraft carriers. I think they should be given chance for future carries after IAC-2. They will be more bound by time frame.

 

[lepziboy]

This is great news!pipavav is the best place for an aircraft carrier to be built in India great infrastructure and they could deliver it on time or even before it

 

[subarihant]

I highly doubt this happening. Cochin shipyard invested heavily for upgradation to build Aircraft carrier and with the kind of clout these PSU enjoy in the defence ministry, I doubt Pipavav building aircraft carriers. They might build smaller ships though.