USA, France and Armenia became largest importers of Indian defense products
Armenia, the United States and France became the largest importers of Indian defense products in the 2023-2024 fiscal year, Azernews reports.
Sources said that Indian public and private companies export a wide range of weapons, ammunition and components to about 100 countries. Over the past year, sales amounted to $ 2.6 billion.
Exports to the United States mainly consist of subsystems and components, including global defense giants such as Boeing and Lockheed Martin, which purchase fuselage, wings and other aircraft and helicopter parts from India as part of their global supply chains, as well as offset commitments. "France, in turn, imports a lot of software and electronic equipment," the source said.
Armenia, according to the newspaper, has concluded several deals with India over the past four years to import missiles, artillery pieces, missile systems, radars, body armor and night vision devices, as well as a wide range of ammunition and artillery shells. Armenia has become the first foreign buyer of Indian-designed Akash air defense missiles.
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