Hindustan Aeronautics stock gains over 2% after inking contract with Govt to develop two FBFMS for Jaguar Aircraft

Hindustan Aeronautics stock gains over 2% after inking contract with Govt to develop two FBFMS for Jaguar Aircraft


Hindustan Aeronautics

The government has signed a contract for procurement of two Fixed Base Full Mission Simulators (FBFMS) for Jaguar Aircraft from HAL for IAF with five years Comprehensive Annual Maintenance Contract (CAMC) at a combined total cost of Rs357cr. These simulators would be installed at Air Force Stations Jamnagar and Gorakhpur.

Under the Atmanirbhar Bharat Abhiyan, India is continuously growing in its power to indigenously design, develop and manufacture advanced cutting-edge technologies and systems in the Defence Sector. The manufacturing of Fixed Base Full Mission Simulator (FBFMS) by HAL will give a further push to the Atmanirbhar Bharat initiative and boost indigenization of defence production and the defence industry in the country. 

The commissioning of the first FBFMS with associated equipment shall be completed within 27 months from the contract at Air Force Station Jamnagar & the 2nd FBFMS shall be completed within 36 months from the contract at Air Force Station Gorakhpur.

With the procurement of these simulators, IAF will enhance the quality of flying training to higher standards by exposing the pilots to various contingencies in the entire operating envelope including simulation of advanced long-range weapons.

At around 09.58 am, Hindustan Aeronautics was trading at Rs1407.40  higher by Rs31.65 or 2.3%. The stock was near the day’s high of Rs1408.75 per piece. 



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