Intriguing is a word well suited to the Defence and Aerospace Sector globally because of its complexities. The intertwined technicalities, its codes and features make it very challenging for a common man to understand.

These industries/sectors are technology-oriented and are strictly driven by safeguarding the innovations, inventions and latest technologies. The trade secrets and information are considered to be long term revenue-generating tool; therefore it’s always well-guarded and documented.

The purchase of any new equipment falls under the ambit of “Capital Procurement”, be it a gun or and fighter aircraft. The Capital Procurement process and procedures are extremely thorough, comprising the minutest of the details of the respective equipment/items, one considers buying.

It entails purchase cost, maintenance cost/life cycle support cost etc., generally, it covers the maintenance for a span of three to five years — which is a universal industry norm. Read More

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